Pi Network Price Drops – Can Pi Coin Rebound to $3.50?

Jakarta, Pintu News – The price of Pi Network experienced a significant drop on March 10, 2025, recording a correction of more than 12% in the daily chart amid overall crypto market weakness.

This decline sparked conversations among investors as to the cause behind the asset’s latest weakness.

In the midst of these conditions, a leading expert revealed important price levels that could determine the direction of Pi Network (PI) coin movement going forward.

Pi Network Price Slumps: What’s Ahead?

Starting the second week of MARCH 2025, Pi Network’s value fell nearly 12%, trading at $1.39 (10/3/25), while its daily trading volume surged 104% to $977.58 million.

Read also: Bitcoin Headed for $75K? Key US CPI Data Could Trigger a Drop This Week!

In the last 24 hours, Pi Coin has touched a low of $1.25 and a high of $1.59. This sharp decline was most likely triggered by the massive sell-off that took place in the overall crypto market.

Global crypto markets are back in the red, reflecting investor caution ahead of this week’s US Consumer Price Index (CPI) data release. Many investors seem to be delaying their big moves to see if inflationary pressures will increase.

In addition, recent reports suggest that market volatility may increase in the next few days. According to reports, Bitcoin price is at risk of dropping to $75,000 upon the release of US CPI data this week, signaling reduced risk appetite among investors.

Pi Network’s Sell-off Triggers Speculation

Pi Network’s sudden price drop has sparked various speculations about the cause. Some market participants point to the massive outflow of Pi Core Team (PCT) wallets as the main trigger.

A crypto watcher, Dr. Altcoin, noted that nearly 90 million Pi tokens left the Core Team wallet on March 7, followed by 36.4 million tokens the next day. These large movements coincided with a drop in Pi’s price, which gave rise to allegations of a sell-off by the development team.

However, blockchain tracking platform PiScan refuted this speculation. They explained that most of the transfers were routine distributions to users with different locking periods.

“These outflows are not related to the recent price declines,” PiScan emphasized, reminding traders to consider broader market factors.

Read also: Pi Network at Risk? $480 Million Pi Coin Unlock Could Send Shockwaves Through the Market!

Pi Network Token Unlock Threat

Data from PiScan also reveals that a large number of unlocks will occur in the next 30 days. The two main dates of concern are March 17 and March 21, where more than 23 million PIs each will be unlocked.

In total, 282 million Pi tokens – worth $390.93 million at current prices – are scheduled to hit the market in the next month. Such a large surge in supply could potentially trigger further selling pressure, which could further push the Pi Coin price lower.

Can Pi Network (PI) Coin Reach $3.5?

As of March 10, 2025, the price of Pi Coin is consolidating around the crucial $1.05 support zone. According to market analyst Rose Premium Signals, this level is crucial in determining the potential for a bullish reversal.

The analyst highlighted that Pi Coin is testing a key Fibonacci retracement level, which could be an indication of a price rebound.

Rose also revealed potential price targets if Pi manages to maintain its position above this support. The first resistance is in the range of $2.40 – $2.60, which aligns with the 0.618 Fibonacci level.

If Pi Network is able to break out of this zone, the next price targets are at $3.00 and even $3.60.

“A strong rebound from this support could confirm the continuation of the bullish trend,” Rose said, advising traders to monitor this level closely for signs of price recovery.

In addition, Pi Network is starting to gain recognition in the real estate sector, potentially increasing its appeal to investors. Recently, property company Zito Realty LLC in the United States announced that it now accepts Pi as a payment method in property transactions.

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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:

• Coingape. Pi Network Price May Hit $3.5 If Pi Coin Holds This Crucial Support. Accessed on March 11, 2025