Pi Network Plunges 23% in a Week – Investors Flee in Massive Sell-Off!

Jakarta, Pintu News – The price of Pi Network PI0.00%->Current PI PriceRp 00.00%Market CapRp 185.921.551.222.672.900 TriliunTrading Volume-Circulating Supply- has experienced a sharp decline in recent days, falling 23% in the past week to $1.38. This correction reflects weak market conditions, which continue to erode the gains previously made by this altcoin.

As investor confidence declined, many began to withdraw their funds from PI, leaving the future of Pi Network in limbo. Will Pi be able to bounce back or will it fall deeper?

Investor confidence in Pi Network is fading! Will the Price Keep Falling?

The Chaikin Money Flow (CMF) indicator shows that the Pi Network (PI) market continues to be dominated by capital outflows, signaling increasingly strong selling pressure in recent days.

Read also: Pi Coin Surges 8%! How Much is Pi Network Worth in Rupiah Today? (March 12, 2025)

Many investors chose to withdraw their funds from PIs, driven by fears of mounting potential losses.

With inflows still low, the chances of a trend reversal are slim, while market sentiment towards the Pi Network continues to weaken. This data makes it clear that investor confidence in this altcoin is faltering, creating a bleak outlook for the short term.

Additionally, Pi Network’s macro momentum remains under pressure, along with the bearish trend sweeping the overall crypto market. The Moving Average Convergence Divergence (MACD) indicator continues to display red bars on its histogram, confirming that bearish momentum still dominates.

Despite the occasional hype around Pi Network, negative sentiment from the broader market hindered this altcoin from gaining further traction.

With MACD continuing to signal bearishness, investors should prepare for more challenges before any potential recovery.

Pi Network price continues to be under pressure! Will it Fall Below $1?

Pi Network (PI) is still on a downward trend, recording a 23% decline in the past week and is now trading at $1.38.

Currently, the price is stuck below the $1.43 resistance level, which makes the chances of recovery still very low. Unless there is a major change in market conditions, bearish pressure is likely to continue to overshadow the PI.

With the market outlook still negative, Pi Network is at risk of losing crucial support at $1.19. If this level is broken, PI prices could fall deeper, potentially even dropping below $1.00.

Read also: 5 Crypto on the Rise Today (March 12, 2025) – The Top Altcoin Surges 58%!

In a worst-case scenario, PI could plummet to $0.76, extending the losses that have been incurred in recent weeks.

However, there is a chance for Pi Network to reverse the bearish trend if it is able to capitalize on the huge attention it is still receiving.

If PI manages to break the $1.43 resistance and turn it into support, prices could potentially recover towards $1.64, which could invalidate the bearish trend and trigger a trend reversal.

However, achieving this recovery will require a big push from investors and stronger market momentum. Will Pi Network be able to come out of the pressure or will it slump further?

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard 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 Experiences Investor Withdrawal. Accessed on March 12, 2025