Binance has once again excluded Pi Network from its Vote to List initiative, selecting 12 other tokens instead. This program allows Binance users to vote on new cryptocurrencies for potential listing.
Despite strong community interest, Pi Network remains absent for the second consecutive round. The chosen tokens this time include VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME. Binance will evaluate them based on community votes, trading demand, compliance, and risk assessments.
Why Binance Is Avoiding Pi Network
Pi Network was also left out of Binance’s first Vote to List event in March. The exchange has since clarified that it will only consider BNB-based projects, automatically disqualifying Pi Network from this process.
While the Pi community hopes for a direct Binance listing, experts suggest a lack of transparency is hurting its chances. The PiCoreTeam (PCT) has faced criticism for limited disclosures about tokenomics, particularly locking and burning mechanisms.
Even Bybit CEO Ben Zhou has labeled Pi Network a scam. Meanwhile, PI’s price has crashed over 75% from its all-time high of $2.98 in February 2024.
Binance has strict listing requirements focused on compliance and transparency. Until Pi Network improves its disclosures, a listing seems unlikely.
PI Price Analysis: Is a Rebound Coming?
At the time of writing, PI is trading at $0.64, down 6.5% in the past day and 25% over the past week. Its market cap has dropped 6% to $4.4 billion.
However, technical indicators suggest a possible reversal:
✅ Falling Wedge Pattern: PI’s price is testing the lower boundary, hinting at weakening bearish momentum.
✅ RSI at 29.40: This places PI in oversold territory, signaling a potential recovery if buyers step in.
✅ Bollinger Bands: The price is near the lower band ($0.64), suggesting a bounce could be imminent.
🔸 Key Resistance Levels: $0.68 (short-term), $0.74 (major resistance).
🔸 Bearish Scenario: A break below $0.64 could send PI lower.
While a bullish reversal is possible, traders should wait for confirmation before jumping in.
