2025-3-20 03:38 |
This sharp downturn has raised concerns among investors, prompting questions about the reasons behind the drop and the potential for recovery.
Key Factors Behind Pi Coin’s DeclineOne of the major contributors to PI Coin price fluctuations is the looming Pi token unlock event. According to data from PiScan, approximately 129 million Pi cryptocurrency tokens, valued at around $175 million, are set to be unlocked. Large-scale token releases typically increase supply, exerting downward pressure on prices. Investors fear that the influx of new tokens into the Pi Coin market could drive prices even lower.
Pi Network Coin was trading at around $1.14 at press time. Source: TradingView
Another factor weighing on Pi crypto price is the conclusion of the KYC verification grace period on March 14. Miners who failed to complete the process risk losing their Pi wallet holdings, which has created uncertainty within the Pi Network market. The deadline may have triggered panic selling, adding to the Pi Coin trade downturn.
Despite strong community demand, Pi Network Binance listing remains uncertain. In February, Binance held a community vote in which over 86% of participants supported adding Pi Network Coin to the platform. However, no official confirmation has been provided, leading to frustration among investors. Additionally, Bybit’s CEO has publicly criticized Pi cryptocurrency, labeling it a scam, further dampening market sentiment.
The crypto community is urged to demand Binance’s transparency, fair Pi Network ranking, and an end to price manipulation. Source: Drnicolan via X
Pi Network has been in development for six years, yet many investors believe the project lacks a clear roadmap. The absence of concrete updates regarding Pi mainnet launch and the implementation of decentralized applications (DApps) has led to growing skepticism.
Crypto analyst Dr. Altcoin recently pointed out that Pi Network news reflects the community’s disappointment, as Pi currency value has seen a significant drop. He emphasized that without a transparent roadmap, investor confidence could continue to erode, leading to further declines in Pi token price.
Potential for Recovery: Can Pi Coin Price Rebound?Despite the recent Pi Coin value slump, some analysts remain optimistic about its future. One of the key factors that could drive a rebound is the increasing adoption of Pi currency in China. Reports suggest that an increasing number of businesses, including restaurants and retail stores, are accepting Pi Coin buy transactions. This real-world utility strengthens the project’s credibility and could help stabilize Pi crypto value in the long run.
Pi Network Coin price must survive the $1.05-$1.10 support zone and exceed the $1.37 resistance to revive the bullish momentum. Source: PropTradePros on TradingView
Technical analysis reveals that the price of Pi Network today has major support at $1.20. If the price holds above this level, it may set the stage for a reversal towards $1.50 and ultimately $2. If the bearish sentiment continues and the exchange rate of the Pi Coin goes below $1.20, it may test the support at $1.10 or even go below $1.00, an important psychological level for investors following the price of Pi network in dollars.
Market analysts are optimistic about Pi Coin’s survival of the $1 support. Source: Chad_Sniper on TradingView
While Pi Network trading remains limited, there is speculation regarding future listings on exchanges. If exchange listings for Pi Coin widen to include exchanges such as Binance, Coinbase, or Kraken, it might stimulate fresh buying interest and drive prices upwards. Experts are of the opinion that a formal listing on an exchange would cause a huge rally and take the price of Pi Coin back to its earlier highs.
Final ThoughtsThe recent decline in Pi Coin worth highlights the volatility and uncertainty surrounding the project. While factors such as the token unlock, KYC verification deadline, and lack of exchange listings have contributed to the downturn, the growing adoption of Pi mining rewards in China provides a glimmer of hope.
For a strong recovery, Pi Network Coin price needs greater transparency from the core team, clear updates on Pi mainnet progress, and expanded exchange listings. Until then, investors remain divided on whether Pi Coin news will signal a rebound or further losses.
origin »PiCoin (PI) на Currencies.ru
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