- Pi Coin rose by 18.20% in 24 hours but remains 17.63% down for the week, with strong market support at $1.40 and resistance at $1.6766.
- Trading volume surged by 41.94% to $682.78M, indicating increased investor interest, while bullish sentiment stands at 90%.
- Pi Network boasts 65M active users, rapid KYC completion, and major exchange listings, driving ecosystem growth and adoption.
On March 12, at the time of writing, PI was trading at $1.62, a 18.20% increase in 24 hours. However, it remains down by 17.63% over the past week and 4.25% in the last month. The market cap is at $11.64 billion, up by 17.06%.
Rising Trading Volume and Strong Gains
The 24-hour trading volume has surged by 41.94% to $682.78 million. The fully diluted valuation (FDV) is at $162.7 billion, indicating strong investor interest. Liquidity also remained strong, with a Volume/Market Cap ratio of 5.8%.
The total and max supply of Pi Coin is at 100 billion, with 7.15 billion in circulation. Data from CoinMarketCap shows bullish sentiment at 90%, while bearish sentiment was at 10%, suggesting increased optimism in the market.
Key Resistance Levels and Market Trends
Pi Coin had a strong rally in late February, peaking near $2.40 before facing resistance and declining toward the $1.40 support zone. The price has since started recovering, now approaching a crucial resistance level at $1.6766.
According to BullishBanter, Pi bulls need to break and hold above this level to target the next supply zone around $2.20. Support is firm at $1.40, where previous buying activity was observed. The price also has consolidated around $1.50 to $1.60, forming an equilibrium zone that could be the pivot.
A decisive breakout above $1.6766 may lead to a rally toward $2.00 and beyond. However, rejection at this resistance could push to a retest of lower levels. Volume confirmation is crucial for validating a breakout.
Expanding Ecosystem and Growing Adoption
Pi Network is growing, with over 150 million app downloads and 65 million active users. The network has also completed KYC verification for nearly 20 million users, positioning it favorably for regulatory acceptance.
I believe that most merchants, financial institutions, crypto traders and individuals do not know the importance of Pi Network yet. Once they find out what Pi Network is, they are all going to rush in to support and buy Pi coins. This is the reason why the Pi coin price has… pic.twitter.com/fpv4PepHXx
— Kim H Wong (@Time_and_Trade) March 11, 2025
Pi Coin has been listed on major centralized exchanges (CEXs) such as OKX, MEXC, Bitget, Gate.io, and Pionex.US, with an average daily trading volume of $1.5 billion since its listing on February 20, 2025.
The project’s innovative mobile mining feature has contributed to its rapid adoption. Its growing ecosystem includes decentralized applications (dApps) and a functional marketplace where Pi can be used for real-world transactions.
Pi Network also boasts 4.27 million followers on X, ranking second among all crypto projects, only behind Bitcoin. With increasing exchange listings and institutional interest, Pi Coin is at a focal point in the crypto market.
