BTCC Listing Sparks Optimism for Pi Network

In a recent announcement, BTCC Exchange confirmed the listing of Pi Network Coin for spot trading. Exchange listings are often seen as a bullish signal

Recent market trends have been turbulent, but some analysts remain optimistic about the potential for a strong recovery in April. As the dust settles on March’s chaotic price movements, several factors suggest that Pi Network (PI) may be set for a rebound.

For the uninitiated, Pi Network is a cryptocurrency that was created by a team of Stanford University researchers. The token is designed to be a more accessible and user-friendly cryptocurrency, and it has gained a following of millions of users worldwide.

The token faced significant losses in recent weeks, largely driven by high token unlock volumes and a lack of major announcements from the Pi Core Team. However, many investors see the BTCC listing as a potential game-changer.

BTCC Exchange to List Pi Network Coin

In a recent announcement, BTCC Exchange confirmed the listing of Pi Network Coin for spot trading. The exchange listing will open up new avenues for traders to engage with Pi crypto and potentially improve its liquidity.

Announcing the listing of $PI for spot trading at BTCC.

Trade Now: https://t.co/O7YHQPfM8v

The listing will commence on April 7, 2024, at 08:00 (GMT+8).

The exchange also noted that the listing will be subject to change based on market conditions.

"The opening of Pi crypto trading on BTCC will provide an opportunity for crypto enthusiasts to diversify their portfolios with this promising token," BTCC said.

Many in the community are hoping for a Pi Network Binance listing. A recent poll conducted among Binance users showed that there is high demand for adding Pi currency to the exchange.

If Binance or other top-tier platforms decide to list Pi Network Coin, it could lead to a significant price surge. For instance, Orca price saw a 200% increase following its Upbit listing.

Many crypto analysts are expecting to see a return to March’s highs, which would put Pi crypto back above $1. Such a move would require a break from the current wedge pattern and a decisive close above the $0.78-$0.80 resistance. A successful breakout could propel Pi Coin to gains of up to 135%.

Alternatively, if sellers manage to push the price below the $0.71 support, it could open the door for further declines towards the $0.64 level.

"We can expect a return to the March highs if the bulls can push the price above the $0.78-$0.80 resistance. A successful breakout could propel the price to gains of up to 135%."

The post Why Pi Network (PI) Price Could Rebound 135% In April appeared first on Benzinga.