PI Coins feature 80% in the middle of a list of bynance

Pi coin increased by almost 80% in the last 24 hours and reached a new all time high $ 2.99.

PI Network (Write) Surge coincide with a huge increase of the 24-hour trading range, which exceeded $ 3.2 billion data from a cripto.news price tracker.

The token is currently sitting at $ 2.95 after an earlier trading of only $ 1.65 in the same period of 24 hours. Spike is contrary to the constant decline in the wider cryptocurrency market, and Bitcoin fell under $ 85,000.

On the technical side, PI shows neutral to slightly bicological bias. The 5-minute chart shows the price of prices that fluctuates about 9 years, which acts as support and resistance. RSI (14) at 55.60 suggests a neutral momentum, with neither overpaid nor transfabular conditions.

Key levels for viewing includes $ 3.00 as resistance and $ 2.90 as support. Holding above 9-EMA could push PI to $ 2.95 from $ 3.00, until the drop below $ 2.90 can move the swing on the bear.

PI Network is still controversial despite increasing assessment due to the allegations that the project is a pyramid scheme. They also had industrial leaders like Cibyt Ce Ben Zhou criticized The project, calling it by fraud. They are also placed on her unverified power supply.

Due to the lack of independent verification, the leading platforms such as CoinMarketCAP and Coingecko excluded official rankings, although the PI network prescribing is currently exceeding $ 17.5 billion. Meanwhile, more instability is expected to be expected due to the rumor of possible inclusion on binance.

17. February, Binance launched Joint voice about whether to live on the list of PI, with most respondents in favor. It is a vote to finish today, 27. February, after which Exchange will confirm whether it will be Liken or not. If approved, it could serve as a main catalyst for further price shares.