Pi Network’s native token, Pi Coin, just got a visibility boost with a new listing on centralized exchange MEXC. The listing, which went live on May 27, includes the USD1 pair and features zero trading fees until June 26 — a move aimed at drawing in both retail and opportunistic traders.
But despite the positive news, $PI continues to trend downward, leaving many investors asking the same question: will Pi Coin recover, or is the hype fading fast?
MEXC Lists Pi Coin With USD1 Pair and Zero Fees
According to MEXC’s official announcement, it is the first centralized exchange to offer a trading pair between $PI and USD1, a rising stablecoin asset. Trading opened on May 27 at 06:00 UTC, and as part of the launch, users can enjoy zero trading fees until late June.
The listing was expected to inject fresh volume into $PI after a volatile few weeks. But so far, price action hasn’t matched the optimism.
Technical Overview: Can $PI Hold Its Ground?
After surging past $3.00 in early March during speculative mania, $PI has been on a steady decline, now trading around $0.67 — a nearly 80% drawdown from its short-term high.
Source: Tradingview
Key observations from the chart:
- Support zone: $0.60–$0.65 range remains the last area of structural defense
- Volume: Strong spikes followed by tapering off — indicating interest is waning
- Trend: Lower highs and lower lows dominate, suggesting bearish momentum
If $PI breaks below $0.65 with volume, it could revisit the $0.50 level or even lower. On the upside, bulls would need to reclaim $0.85 to signal a reversal.
Pi Coin Price Forecast – Short and Mid-Term Outlook
Given current sentiment and technical structure, here’s a breakdown of the likely price scenarios:
- Bearish Case: If no new buying interest emerges post-listing, $PI could drift toward the $0.50 zone, especially if broader altcoin momentum weakens.
- Neutral Case: Sideways action between $0.65 and $0.80, as the MEXC listing stabilizes sell pressure and short-term speculation fades.
- Bullish Case: A break above $0.90 on volume could open up a run toward $1.20–$1.40, but this likely requires a narrative shift or new ecosystem catalysts.
Much will depend on how Pi Network communicates its mainnet progressand whether upcoming utility integrations can justify further upside.
Final Thoughts: Can Pi Coin Bounce Back After the MEXC Listing?
The MEXC listing of Pi Coin is a positive headline, but the price action tells a different story. With $PI still under pressure and no immediate catalysts on the horizon, investors should watch closely for volume spikes or news around Pi Network’s roadmap.For now, the token’s price prediction remains neutral to bearish, unless it can reclaim key resistance and re-ignite demand. As always in crypto, timing is everything — and for $PI, the next few weeks could be decisive.
