Key Insights:
- The majority of Pi holders share feedback that the network isn’t ready for a Binance listing.
- Pi coin news reveals that if the downward pressure accelerates, the asset price could drop by 10% and reach the $0.55 level.
The latest Pi Coin news is garnering massive attention from investors, traders, and the entire crypto community. On June 1, 2025, the Pi Network community shared a poll asking its users and holders, “Do you want to see $Pi listed on Binance?” The community’s response shocked many crypto enthusiasts.
According to the poll data, the majority of users responded that the network isn’t ready for listing, citing several serious issues that users have been facing for a prolonged period.
Will Binance List Pi Coins?
The main reason community members do not want Pi to be listed on Binance is the KYC (Know Your Customer) process. According to users, the Pi Network has not been completing their KYC verification, even after they have submitted all the required documents and followed the necessary steps.
Some users also shared that they have been waiting for years to complete the KYC process. On this poll, one user noted, “Not until my KYC gets approved, still waiting….4 months and counting.”
In the Pi Network, KYC plays a crucial role, as it verifies users and unlocks their tokens for transactions. However, some users have reported a possible bug in the system, where their Pi Coins remain locked even after successfully completing the KYC process.
Following this major Pi Coin news, the asset’s price has been severely impacted. According to the data, Pi Coin has plummeted by over 53% in the past three weeks.
Current Price Momentum
As of writing, Pi Coin is trading near $0.6205 and has recorded a price decline of over 3.5% in the past 24 hours. During the same period, participation from traders and investors has skyrocketed, resulting in a 55% surge in trading volume.
This notable surge in trading volume, despite the continued price decline, is a potential sign of increased selling pressure. It indicates that the majority of participation is on the bearish side.
To safeguard their capital and avoid further losses, many investors either liquidated their positions or sold off their holdings, which could explain the sharp rise in trading volume.
Pi Coin Price Action and Technical Analysis
According to expert technical analysis, Pi Coin’s price appears bearish but has been consolidating within a tight range over the past week. The daily chart shows that this ongoing consolidation is occurring near a key support level at $0.55.
Analysts note that consolidation is typically a phase where bulls and bears compete to push the asset in either direction.
Pi Coin Price Prediction
Based on recent price action and historical patterns, if the downward pressure accelerates, there is a strong possibility that the asset could drop by 10% and reach the $0.55 level.
On the other hand, if market sentiment improves and the network upgrades itself by resolving the KYC issues, there is a strong possibility that Pi Coin could see an upside rally of over 40%, potentially reaching the $0.85 level.
With the continuous price decline, Pi Coin’s Relative Strength Index (RSI) has dropped to 38, approaching the oversold territory. This suggests that selling pressure has intensified, and the asset may be nearing a point of exhaustion.
If the RSI dips further below 30, it could trigger a potential rebound as traders may look for discounted entry opportunities. However, without a strong catalyst or buying volume, the price may continue to consolidate or decline further despite the technical signal.