YEREVAN (CoinChapter.com) — Binance officially listed GUNZ (GUN) on March 31, launching spot, convert, and margin trading options.
The listing followed a highly active Launchpool phase with $15.8 billion staked and 1.7 million participants, setting a seven-month engagement record.
GUN Drops to Critical Support Zone — Major Price Rebound Next?
After going live, GUNZ opened around $0.03 and quickly spiked to a high of $0.15, marking a 400%+ surge. However, the coin dropped 50% intraday to reach as low as $0.07586 on April 1. Volume peaked at 17.91 million, but faded as the price declined. The token is now consolidating near $0.076, with low volatility.
Fibonacci retracement levels drawn from the bottom of the rally to its top highlight several potential resistance zones. The price has already broken below the key 0.5 level at $0.07212, suggesting weakening momentum. Sellers have also pushed the price below the 0.382 level at $0.08205, adding further pressure.
At the time of writing, GUN/USDT is hovering just above the 0.618 Fibonacci level at $0.06218. This level serves as a critical support zone. A breakdown below it could trigger a deeper correction toward $0.04804, which marks the 0.786 retracement level. The full retracement target stands at $0.03003.
If bulls regain control, immediate resistance lies at the $0.07212 and $0.08205 levels. A decisive breakout above these zones would signal renewed buying interest and could open a path toward the previous high at $0.11420.
Despite recent volatility, GUN remains in the spotlight due to its explosive debut. However, as a relatively new token with limited historical data and trading history, forecasting its next move involves considerable uncertainty.
Will Pi Coin Decline As Well After Its Potential Binance Listing?
GUNZ saw a rapid price surge followed by a steep drop after its Binance listing. This pattern is common with new tokens that debut with strong hype but limited liquidity. Once trading opens, early holders and insiders often sell to secure profits, overwhelming new buyers and driving the price down.
Pi Network’s Pi Coin (PI) may experience the same, given it has built massive hype during its closed mainnet phase, and millions of users are waiting to cash out. That said, if Binance lists it before organic demand stabilizes, a flood of sell orders could hit the market—leading to a sharp initial drop, just like GUNZ.
Pi Coin’s Technicals Indicate Sell-Off Toward $0.50 by April’s End
A quick recap: Pi Network (PI) trades at $0.7160, down from its March high of over $3.00. The 4-hour chart shows a descending triangle pattern. The price has consistently made lower highs, with horizontal support at around $0.70.
The Relative Strength Index (RSI) hovers at 33.06, nearing the oversold zone, while the signal line remains at 31.70. Since mid-March, RSI has failed to cross the 50 level, showing persistent bearish pressure. The 50 EMA now sits at $0.8333, above the current price, which confirms the trend as bearish.
The descending triangle’s flat base at $0.70 has held several times. But each bounce is weaker. If the price breaks below this level, the next major support lies near $0.50. With momentum slowing and sellers in control, Pi Coin risks a further breakdown like GUNZ.
The structure remains bearish unless Pi breaks above the upper trendline near $0.85. The longer it stays within this triangle, the higher the chance it mirrors GUNZ’s steep drop post-launch.