- Pi Coin faces bearish pressure as it struggles to hold the $1.75 support level.
- Declining trading volume signals weaker market interest and reduced investor confidence.
- Potential exchange listings may boost Pi Coin’s demand and support price recovery.
The cryptocurrency market continues to experience fluctuations, and Pi Coin (PI) is no exception. Recently, the token has encountered a downward price movement, currently trading at $1.76. This marks a significant 8.37% decline in daily value, with a corresponding 7.73% drop in market capitalization. Additionally, the 24-hour trading volume has fallen by 30.60%, signaling weaker market activity and reduced investor enthusiasm.
This bearish momentum is evident in Pi Coin’s recent price trend. The token was trading near $1.92 before declining to its current level. The drop highlights increasing selling pressure, which has made the $1.92–$1.93 range a crucial resistance zone.
Meanwhile, the $1.75–$1.76 range has emerged as an essential support level. If Pi Coin falls below this threshold, further declines toward $1.70 or lower could occur.
Key Support and Resistance Levels
Technical analysis suggests that Pi Coin faces two critical price levels. The immediate support level at $1.75 is a crucial threshold for traders watching potential downside movements. A break below this level could open doors for a slide to $1.70 or lower. Conversely, if buying pressure strengthens, the token could attempt a recovery, testing resistance levels at $1.85 or higher.
The price action indicates a lack of bullish momentum. The declining trading volume reflects reduced market interest, which may make it difficult for Pi Coin to rebound unless demand increases. For now, traders must closely monitor whether the support at $1.75 holds firm or if sellers push the price further downward.
Potential Market Scenarios
Market experts present contrasting views regarding Pi Coin’s near-term outlook. Analyst Kim Wong emphasizes that Pi Network is distinct from many other crypto projects due to its focus on real-world utility. The network aims to create a functioning digital economy where users can utilize Pi Coins for goods, services, and decentralized applications (dApps).
Facts about Pi Network:
— Kim H Wong (@Time_and_Trade) March 5, 2025
1. Pi Network is unique among crypto projects. It aims to create a functional digital economy where Pi coins can be used for real-world transactions, such as buying goods and services in its marketplace and powering broad decentralized applications… pic.twitter.com/MY2Y7nCOb8
Wong highlights Pi Network’s robust community, boasting 65 million active users and over 150 million app downloads. Additionally, Pi’s presence on centralized exchanges (CEXs) since February 20, 2025, has driven trading activity, averaging $1.5 billion in daily volume. Given these factors, he suggests that more crypto exchanges will likely list Pi Coin soon, potentially driving prices upward.
