Pi Coin Dives 18% Toward $1 – Here’s Why Investors Are Nervous
Pi Network’s place in the “best new crypto” conversation is in question after a week-long free fall—the front-running altcoin has failed to print a single green daily candle in a 32% drop.
March 14, or “Pi Day,” which historically triggered price surges, ultimately faded into a “sell the news” event.
However, this loss streak could come to an end as a potential gain hangs in the balance, recent hours show signs of stability as the altcoin found its footing just short of $1.
Personal Struggles: Why are Pi Network Investors Nervous?
While the bearish market backdrop—marked by Trump’s “tariff war,” NATO tensions, and recession fears—has weighed on sentiment, Pi Network is facing personal setbacks.
An anticipated Binance listing, backed by 86% approval in a community vote, has been delayed without any comment from the platform.
With a total locked supply of $5.1 billion Pi coin also faces significant inflationary pressures from claimable balances and Pi Team distributed token unlocks.
Blockchain monitor Piscan.io reports that over the next 30 days, 146 million PI tokens worth $166.2 million will unlock.
However, the majority of these unlocks took place over the past week, coinciding with PI’s sharp decline. A significant drop in daily unlocks is expected in the coming weeks.
Compounding concerns, Pi Network lacks a strong ecosystem of decentralized applications (dApps). With limited real-world use cases, its price remains largely speculative, making it prone to heightened volatility and short-term trading pressure.
PI Price Analysis: Is $1 the Bottom?
The Pi Network decline appears to be losing steam at the $1.12 support, with selling pressure showing signs of exhaustion.
The Relative Strength Index (RSI) moving average has reached the oversold threshold at 30, often a precursor to reversals as buyers step in.
A recovery from this point could see the PI price climb to retest the upper boundary of the descending channel that guided its movements since the all-time high.
While this rebound could reclaim much of last week’s losses, targeting $1.355, the 20SMA presents a key resistance level.
A rejection here may trigger further downside, with the lower channel boundary around $0.85—a 24% drop from current prices—as the next target.
Given the ongoing bearish market backdrop and Pi Network’s struggles, this bearish scenario remains a credible risk.
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