Pi Network (PI) Jumped 75% Today (2/27/25), Can it Break $4 in March?

Jakarta, Pintu News – Pi Network (PI) has recorded significant gains, with a price surge of more than 70% in the last 24 hours. This increase has pushed Pi Network’s market capitalization to $16 billion and transaction volume to over $2.3 billion.

Although the price has reached a new record high near $3, technical indications suggest that the PI price journey ahead may be volatile.

Traders are now watching closely. Bullish momentum could push the price towards $4, while some warning signs might trigger a drop to the support level at $1.7 or even $0.79.

Check out the full news below!

DMI Indicator Shows Strong Trend

Pi Network’s Directional Movement Index (DMI) is showing tremendous momentum. The Average Directional Index (ADX) has jumped to 57.7 from just 12.3 the day before. The ADX is an important technical indicator that measures the strength of a trend regardless of its direction.

The dramatic rise in the ADX indicates a significant increase in the strength of the underlying trend. The Pi Network’s Positive Directional Indicator (+DI) also increased sharply to 40.9 from 14.6 two days ago, while the Negative Directional Indicator (-DI) dropped dramatically to 1.1 from 19.4 in the same period.

When +DI is much higher than -DI, as is the case with Pi, it confirms a strong bullish trend. The combination of a high ADX value with a wide difference between +DI and -DI suggests that Pi Network is experiencing a very strong uptrend with minimal selling pressure.

Read also: Bitcoin Plummeted 5% to IDR1.3 Billion, Why did the Crypto Market Crash Today (2/27/25)?

BBTrend Negative Despite Price Surge

Although prices continue to rise, Pi’s Bollinger Bands Trend (BBTrend) indicator has fallen to -11, marking a dramatic drop from a reading of 51.2 just three days ago. BBTrend is a specialized technical tool that measures price movement relative to the Bollinger Bands.

Positive readings indicate upward price movement relative to the bands, while negative values indicate downward movement or a return to the middle band. A sharp drop to -11 in BBTrend Pi could signal that the current uptrend has become too much and could be vulnerable to a correction or consolidation phase.

When BBTrend turns conspicuously negative after a price spike, it often indicates that the asset has moved too far too fast and is now trading at levels that may not be sustainable in the short term.

Read also: Rocketing 75.33%, How Much is 1 Pi Network (PI) to the Dollar Today (2/27/25)?

Can Pi Network Reach $4 in March 2025?

The Pi Network price just hit a new record high a few hours ago, approaching the $3 mark for the first time.

According to BeInCrypto’s analysis, with this strong upward momentum, Pi can continue its rise, break the psychological barrier of $3 and test higher resistance levels at $3.5 or even $4 in the short term.

This impressive rally indicates growing market interest and buying pressure that could sustain further gains if the positive sentiment continues. However, as the negative BBTrend reading shows, this rally may be overblown and at risk of reversal.

If the negative technical signals become price action, Pi could experience a substantial correction, initially falling to test support at $1.7. If this level cannot hold, a further drop to $1.42 becomes possible as selling pressure increases.

When a strong downtrend takes over, the Pi price may experience a more dramatic pullback to $0.79, representing a five-day low and a significant retracement of the current highs.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Pi Network Price Reaches All-Time Highs. Accessed on February 27, 2025
• Featured Image: Sify