Knowing how to mine Pi doesn't mean you know how to read market data. Many Pi holders want to know how to check Pi coin exchange prices — they open the trading interface and see a screen full of red and green numbers without knowing where to start. This is completely normal, and today I'll teach you how to read this data. The most convenient tool for checking prices is an exchange APP. Download a Binance APP and after registering and logging in, you can view Pi's price trends in real-time. Don't have an account? Register one here first.
Basic Concepts to Understand
Trading Pairs
PI/USDT is the most common trading pair, meaning Pi coin is priced in USDT (a USD stablecoin). The displayed price shows how much USDT one Pi is worth.
Last Price
The most prominent number on the page is the last traded price, representing the price of the most recent transaction.
24-Hour Change
Usually shown as a percentage with color coding. Green means up, red means down (color conventions may differ across platforms).
24-Hour Volume
The total amount of Pi traded in the past 24 hours, reflecting market activity. Higher volume means a more active market.
How to Read Candlestick Charts
Candlestick charts are the most important market analysis tool — they look complex but are quite simple once you understand the principles.
What One Candlestick Represents
Each candlestick shows price movement over a period, containing four pieces of information:
- Open Price: The price at the start of the period
- Close Price: The price at the end of the period
- High Price: The highest price during the period
- Low Price: The lowest price during the period
Bullish and Bearish Candles
- Bullish candle (green/hollow): Close > Open, meaning the price rose during this period
- Bearish candle (red/filled): Close < Open, meaning the price fell during this period
Timeframes
Candlestick charts can be switched between different timeframes:
- 1 minute / 5 minutes: For ultra-short-term traders
- 1 hour / 4 hours: For intraday traders
- Daily: For swing traders
- Weekly / Monthly: For long-term investors
Beginners should start with the daily chart to understand Pi's overall price trend.
How to Read the Order Book
Buy and Sell Orders
The order book displays pending orders waiting to be filled:
- Buy orders (green): Someone wants to buy Pi at a certain price
- Sell orders (red): Someone wants to sell Pi at a certain price
Order Book Depth
Two key things to look for:
- Spread between best bid and ask: The smaller the spread, the better the liquidity
- Order size: Larger orders at a price level indicate stronger support or resistance
Depth Chart
The depth chart visualizes the order book graphically. The green area represents cumulative buy orders, the red area represents cumulative sell orders. Where the two areas meet is the current price.
Common Technical Indicators
Various technical indicators can be overlaid on candlestick charts — beginners just need to know these few:
Moving Averages (MA)
Shows the average price over a period. Common ones include MA7 (7-day), MA25 (25-day), and MA99 (99-day).
Simple interpretation: Price above the MA suggests bullish bias, below suggests bearish bias.
Volume Bars
The bar chart below the candlestick chart represents trading volume. Analyzing volume alongside price helps assess trend reliability.
RSI
Relative Strength Index, with values between 0-100. Above 70 may indicate overbought (price relatively high), below 30 may indicate oversold (price relatively low).
Where to Check Pi's Market Data
Within the Exchange APP
Search for PI on Binance APP's markets page to view real-time price, candlestick charts, volume, and other complete data.
Third-Party Price Aggregators
CoinMarketCap, CoinGecko, and other price aggregation websites also show Pi's price, but actual trading must be done within exchanges.
Advice for Beginners Reading Market Data
- Don't check prices too frequently: Beginners are easily swayed by short-term fluctuations, leading to impulsive trades
- Focus on trends, not instant prices: Use daily and weekly charts to determine the big picture
- Don't over-rely on technical indicators: Indicators are reference tools, not crystal balls
- Make a trading plan: Decide your buy and sell prices in advance
Summary
Reading Pi's price data isn't difficult — mastering the basics of candlestick charts and order books is enough for daily use. The key is to separate reading market data from making trading decisions — reading data is information gathering, while decisions require comprehensive consideration. Don't let short-term price movements lead you by the nose.