Pi Network (PI) Price Plunges 20% in 7 Days, Still Possible to Break Rp49,000?

Jakarta, Pintu News – The Pi Network PI->Current PI PriceRp 0Market CapRp 185.921.551.222.672.900 TriliunTrading Volume-Circulating Supply- price has recently experienced massive selling pressure, causing a drop of up to 4% to 23,704 IDR (equivalent to $1.45).

Previously, PI had experienced a 20% surge to 27,797 IDR (equivalent to $1.70) before finally undergoing a price correction.

Launching new features such as Pi Domains has reignited community optimism despite the setback. Many crypto investors wonder if PI still has the potential to return to the price of 49,053 IDR (equivalent to $3.00).

Support and Resistance Levels: Where Will PI Go Next?

Currently, the main support level for Pi Coin is at 19,621 IDR (equivalent to $1.20). If the price drops below this point, then the selling pressure could intensify, opening up the potential for further declines. The bearish sentiment will get stronger if investors lose confidence in the Pi Network ecosystem.

Conversely, PI’s resistance level is currently at 31,067 IDR (equivalent to $1.90). If the price can break this level, the chances of a price surge will be even greater. In an optimistic scenario, a breakout above 49,053 IDR (equivalent to $3.00) could happen if Pi Network adds utility and gains wider adoption in the cryptocurrency world.

Also read: Pi Network Price Prediction March 2025: Can Pi Coin Rebound from $1.50 or Fall Further?

What’s Wrong with Pi Day Celebrations?

Pi Day, which was supposed to be an important moment for the Pi Network community, was disappointing. The KYC account purge policy was one of the main factors behind the massive selling pressure. Millions of unverified accounts lost their PI balance, leading to frustration and panic selling in the market.

Moreover, Pi Network’s biggest challenges remain—it is a closed economy with no access to open blockchains and has yet to be listed on a major exchange. Without clarity on when PI will be freely tradable on major crypto platforms, investor confidence remains limited, holding back potential price growth.

Read also: Arbitrum Partners Rarible to Revolutionize NFT Trading!

New Innovations: Will Pi Domains Change the Fate of PI?

Despite facing various challenges, the Pi Network is still working to develop its ecosystem. One of the latest innovations introduced is Pi Domains, a feature that allows users to purchase and claim domain names using PI tokens. This move caught the community’s attention as it opened up opportunities for Pi Network to enter the world of Web3 and digital decentralization.

According to Coinpedia, if this feature gains widespread adoption, then the potential utility of PI could increase dramatically. However, to achieve long-term success, Pi Network must show tangible developments, such as strategic cooperation, ecosystem expansion, and listing on major crypto exchanges. With these measures in place, the chances of the PI price surging back to 49,053 IDR (equivalent to $3.00) will become more likely.

Conclusion

Although the Pi Coin (PI) price is currently experiencing a correction, the project still has a chance to rise if it can increase adoption and bring real innovation.

With support at 19,621 IDR and resistance at 31,067 IDR, price movements in the near term will largely depend on market sentiment and developer strategies.

If Pi Network brings more utility and transparency to its ecosystem, a price of 49,053 IDR is not impossible to achieve.

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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

• Coinpedia. Pi Coin Price Prediction: Is $3 Still Possible After 20% Dip? Accessed March 17, 2025
• Featured Image: Coinpedia