Pi Network (PI) Price Faces Hurdles at $2, Can it be Broken?
Jakarta, Pintu News – Pi Network (PI) shows signs of weakness as it struggles to break the key resistance zone of $2. In the past 24 hours, PI has been moving sideways, signaling market uncertainty.
Since its main net launch, the coin has been trying to break through the key resistance level of $1.9948 on the 1-hour chart, but it has been met with resistance.
Check out the full analysis here!
Technical Analysis of Pi Network
According to analyst Zenith Zoro of CoinMarketCap, if PI breaks this level, the price could rise to $2.0364 in the short term. However, further rejection at this level could cause the price to drop to $1.5682 as bearish pressure increases.
PI’s Relative Strength Index (RSI) stands at 61 (upper neutral zone) with declining trading volume, indicating that traders have been selling the coin, which reduces the bullish momentum needed to break the key $2 resistance zone.
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Pi Network On-Chain Insights
According to Coinglass data, the coin’s open interest fell by 2.45% in the last 24 hours. The long-short ratio stands at 0.83, indicating bearish momentum.
In the past two weeks, high price volatility has forced many traders to exit their positions. This has led to many large liquidations, adding to the pressure on PI prices.
Read also: Shiba Inu (SHIB) and the Challenges to a Price Rally in the Cryptocurrency Market (11/3/25)
Market Trends and Outlook
With the big unlocking event on March 17, the pressure on the bulls is getting stronger. James from Zito Realty LLC stated that his real estate company plans to accept PI as a payment method for homes.
Market speculation about the possibility of PI listing on Binance could also increase buying pressure. To gain further insights, traders should pay attention to scheduled key openings, market trends, and price action around key levels.
Conclusion
Strong buying pressure above the key resistance level of $1.9948 coupled with positive market news could strengthen the position of PI bulls, potentially triggering a long-term price increase. This is a critical moment for PI, and the subsequent market dynamics will largely determine the coin’s price direction.
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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
- AMB Crypto. Pi Network price faces resistance at $2; will bulls push through?. Accessed on March 11, 2025
- Featured Image: Fortune India
