As Bitcoin (BTC) prices indicate a further softening in the short term, the altcoin sector has recently experienced low cash inflows. With the ongoing tariff war led by the United States, the extreme volatility in the stock market has spread to the cryptocurrency market. Additionally, over the past 24 hours, the cryptocurrency market has liquidated over $950 million, most of which involved long traders, increasing the possibility of a long squeeze.
Pi Coin Price Prediction
After the launch of the open mainnet, Pi Coin has been influenced by the forces of the cryptocurrency market in the past few weeks. This large altcoin has a fully diluted valuation of approximately $15.4 billion, with an average trading volume of about $535 million over 24 hours, having dropped more than 24% in the past seven days, trading at around $1.38 during the London mid-session on Tuesday, March 11.
From a technical analysis perspective, the Pi price confirmed a reversal pattern after closing below the head and shoulders (H&S) pattern neckline in the past two days. On a four-hour time frame, Pi Coin has been forming a bearish continuation pattern as the relative strength index (RSI) continues to signal bearish divergence.
In the short term, Pi Coin may drop another 15-20%, falling to a support level of around $1.16. If Pi Coin continues to stay above $1.77 in the coming weeks, the short-term bearish sentiment will be invalidated.
Future of Pi Network
In recent years, Pi Network has developed into a vast network with over 60 million users, primarily due to its mobile mining infrastructure, while the mining processes of Bitcoin, Dogecoin (DOGE), and Litecoin (LTC) require a significant amount of energy.
With the increasing popularity of decentralized finance (DeFi) protocols, Pi Network is eager to build utility-driven web3 projects to actively engage community participation. Therefore, the decisions made by the core team in 2025 will greatly impact the fate of Pi Network in the coming years.