Pi Network’s Kraken Dance: Will It Rise or Fall?

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In the grand theater of financial folly, the Pi Network, that humble aspirant to the crypto throne, has found itself teetering on the edge of oblivion. Its price, once a subject of feverish speculation, now clings desperately to the precipice of its all-time low. Yet, like a wounded actor in a tragicomedy, it dares to hope, for whispers have spread that Kraken, the leviathan of exchanges, has cast its gaze upon it.

  • The Pi Network, in its hubris, plummeted to depths unseen, a victim of the crypto winter’s icy embrace.
  • Kraken, with a nod of acknowledgment, has deigned to include it in its listing roadmap, a gesture both tantalizing and ambiguous.
  • The augurs of technical analysis, ever grim, foretell further descent, as if the gods themselves have turned their backs.

At $0.1450, the Pi Network stands but a whisker above its nadir of $0.1300, a far cry from its lofty peak of $3. Its market capitalization, once a towering $20 billion, has shriveled to a mere $1.3 billion, a testament to the fickleness of fortune. And yet, the masses cling to hope, for Kraken’s imprimatur, though not a guarantee, is a beacon in the darkness.

Kraken, with its 15 million acolytes and $2.2 billion in revenue, has placed Pi Network in its Chains category, alongside such luminaries as TX, Conflux, and the inimitable Pepecoin. A dubious honor, perhaps, but one that stirs the hearts of the faithful. For in this world of speculation, even the slightest acknowledgment is a balm to the wounded soul.

Yet, let us not be deceived. Kraken’s listing is no panacea. The Pi Network, since its mainnet launch, has languished in obscurity, traded only on a handful of exchanges-OKX, Gate, Bitget, and MEXC. A Kraken listing, should it come to pass, would be a triumph, but it is but one step in a long and perilous journey. The true test lies in the halls of Binance, Coinbase, and Upbit, where the titans of crypto hold court.

The Technical Farce

Behold the daily chart, a tableau of despair. The Pi Network’s price, in its precipitous decline, has fallen below all moving averages, a tragic hero undone by its own ambition. The support level at $0.1530, once a bulwark against the abyss, has been breached, and the oscillators, those harbingers of doom, point ever downward. The prognosis is dire: the next stop, $0.10, a psychological barrier that may yet yield.

And yet, in this comedy of errors, there is a twist. Should Kraken deign to list Pi Network, a short squeeze may ensue, a fleeting rally born of desperation. But let us not be swayed by such fleeting mirages. The path ahead is fraught with peril, and the Pi Network, like a knight errant, must prove its mettle in a world that cares little for sentiment.

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2026-02-06 19:56