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PI: Can $1.51 support hold amid Binance’s listing uncertainty?
The price of PI has been fluctuating wildly in recent days, with rising signs of accumulation. However, the uncertainty surrounding its listing on Binance may impact momentum and make it difficult to predict a clear direction for the token.
Initially, PI faced resistance near $1.75 amid weak buying pressure, resulting in a decline to $1.51. The market uncertainty persisted as Binance’s listing delays affected investor sentiment. At press time, the token traded at $1.67, with a daily increase of 2.28% and a market capitalization of $11.41 billion.
Despite a 2.15% drop in trading volume, PI remains stable within a key price range. Support is forming between $1.51 and $1.66, hinting at signs of accumulation. If buyers gain momentum, the price could potentially break above $1.75, pushing towards $1.90.
On the other hand, failure to sustain support might lead to another downturn, with a potential decline towards the $1.50 range if sellers regain control.
Source: https://ambcrypto.com/pi-can-1-51-support-hold-amid-binances-listing-uncertainty/
