Key Insights:
- After a 200% rally, the Pi Network (PI) price plummeted by over 40%, raising questions about whether it’s due to profit booking or market sentiment.
- Binance, the world’s largest crypto exchange, has hinted at listing the Pi coin.
- Pi Network has launched a $100 million venture to fund startups building real-world applications.
PI attracts strong interest from traders and investors as markets experience a correction. Speculation about a possible listing on Binance is fueling the excitement.
In addition, the Pi Network price recently witnessed a substantial 200% rally. However, it is now experiencing profit booking, which has led to a price correction.
Pi Network Price Momentum and Current Sentiment
Pi Network price has dropped more than 40% in the last 48 hours. It has returned to a level previously surpassed during its recent rally. At press time, PI was trading near $0.89, recording a price decline of over 5% in the past 24 hours.
Amid the ongoing correction, trader and investor participation in PI has plummeted, resulting in a 40% drop in trading volume.
On May 16, 2025, the crypto market experienced downward momentum, and Pi Network was no exception. The asset’s price decline is sparking debate about its cause. Some see it as simple profit booking, while others fear it signals a larger crash ahead.
Pi Coin Price Action & Technical Analysis
According to the TradingView chart, the Pi Network price is still bullish. It is retesting the breakout level of $0.80, which it recently surpassed during its upside rally.
The asset suggests it could soon resume its upward momentum on the daily time frame. However, it is currently undergoing a correction influenced by significant assets like Bitcoin (BTC) and Ethereum (ETH).
Based on recent price action and historical patterns, Pi Network will likely maintain its upside potential. This could be seen if it holds the key support level at $0.80.
If the asset holds above its support level, it may soon experience a significant rally. In the coming days, the price could surge by 50% to $1.335 or even 120% to $1.95.
With the ongoing correction, Pi Coin’s Relative Strength Index (RSI) has fallen below the overbought zone. It is now hovering near the neutral territory.
At press time, the asset’s RSI stood at 56, suggesting that the token can resume its upward momentum. However, it is likely waiting for the market to end the correction phase.
Pi Network Venture – Real World Adoption
In addition to the recent price action, Pi Network has garnered attention from the crypto community following a major announcement.
On May 14, Pi Network announced the launch of Pi Network Venture on X (formerly Twitter). This fund aims to support startups and businesses that use Pi coin or operate within the Pi Network ecosystem.
As part of this initiative, the network has allocated a $100 million fund. This will be distributed to businesses or startups either in USD or in PI tokens. This development highlights Pi’s real-world utility beyond just mining.
Is Pi Coin Listed on Binance?
Meanwhile, another post by Binance has garnered significant attention from Pi enthusiasts. Binance posted a crypto-themed version of its logo on Facebook. It jokingly claimed that developers created the design with no artistic sense.
At first glance, it appeared to be just the logo. However, upon zooming in, viewers noticed that it comprised hundreds, if not thousands, of Pi symbols forming the Binance logo.
Following this post, Pi enthusiasts went wild, flooding the comment section and speculating about a potential Pi listing on Binance.
Pi Network price momentum remains strong amid recent developments. Speculation about a Binance listing could trigger the next big rally.
