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The Pi Network price plunged 25% in the last 24 hours to trade at $2.0 as of 03:51 a.m. EST on trading volume that dropped 27% to $1.4 billion.
This drop in the PI price comes as a survey on Binance Square shows that 86% of voters support the Pi Coin being listed on the exchange.
$PI is coming to Binance.
.
As of yesterday, 192k Binance users had voted for $PI listing.
On the other hand, 29k users had voted against its listing.
So far 86.6% want #PiNetwork on Binance.
.
You might see Binance on the PiNetwork KYB list soon. pic.twitter.com/8QUvUTeDpM— MOON JEFF 🪐 (@CRYPTOAD00) February 26, 2025
Pi Network Price On A Retracement
The PI price has experienced a sharp decline, dropping 11.83% in the last session, and breaking below the 50-period Simple Moving Average (SMA) on the 1-hour chart at $2.5208.
This break signals a potential change in momentum as price action shifts from a strong uptrend to a possible retracement or even reversal.
The chart also features Fibonacci retracement levels drawn from the swing low ($0.09) to the recent high ($3.0113).
The Pi Network token price has now fallen below the 0.236 Fibonacci level ($2.3230) and is testing the 0.382 level at $1.8972, which is a key support zone. A break below this level could accelerate the decline towards deeper retracement levels.
Meanwhile, the price of PI has broken below the 50 SMA, which previously acted as dynamic support during the uptrend. This breakdown increases the likelihood of further downside unless the price quickly reclaims this level.
The Relative Strength Index (RSI) is at 27.96, which indicates oversold conditions. Historically, an RSI below 30 suggests that selling pressure may be overextended, and a bounce could be imminent.
PI Price Prediction
The immediate outlook depends on whether $1.8972 (0.382 Fibonacci level) holds as support.
If buyers step in here, there could be a recovery back towards $2.32 – $2.50 (previous support-turned-resistance). A reclaim of the 50 SMA would strengthen the bullish case.
However, failure to hold $1.8972 could send the Pi Network token price down towards $1.55 (0.5 Fib) or even $1.20 (0.618 Fib).
Traders should watch for volume confirmation and bullish signals before assuming the downtrend is over.
As the PI price plunges, investors are shifting focus to a new meme coin called Meme Index (MEMEX). According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.
Meme Index Presale Amasses Over $3.88 Million – Next Big Crypto?
Meme Index is the world’s first decentralized meme coin index and it’s already closing on $4 million raised in its presale.
The new project is building the first on-chain meme coin index investing platform, providing crypto holders with a hassle-free way to get diversified exposure to the sector.
The MEMEX token offers four diversified investment baskets: Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index.
GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and better than ever! With Solana at the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Stay glued for exclusive alpha, insights, and updates on the hottest meme coins!
— Meme Coin Mania (@MemeCoinMania77) February 5, 2025
Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking high returns while willing to accept high risk.
MEMEX holders can also participate in the project’s presale staking pool, which currently provides a stratospheric annual yield of 586%.
You can purchase MEMEX tokens on the official website for just $0.0166218. Buy before a price hike in less than 19 hours to secure the best deal.
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