- Pi Coin’s MACD and RSI indicate weak momentum, with selling pressure dominating the market.
- Rising interest in Pi Network could spark a rally as investors fear missing out on potential gains.
- Market analysts project Pi to hit $3.15 by March 5 while it could reach $4 should bullish momentum take hold.
As Pi Coin rebounds from an initial sell-off, optimism is growing, with some speculating that its price could reach $3 or even $10 in the future. As interest in Pi Network surges, industry analysts are closely examining the key factors that could shape its price trajectory in the near future.
FOMO Impact and Pi Network Price Trends
The psychological behavior of markets significantly influences cryptocurrency market value movements. As Pi’s price rises, more investors may experience Fear Of Missing Out (FOMO), pushing the price higher through emotional buying.
The current trading status of Pi Network shows a price value at $ 2.09 with $ 2.25B 24-hour trading volume and a market cap value of $ 12.50B alongside a market dominance ratio of 0.47% at presstime. The market reflects negative momentum in its performance because PI prices declined by -22.29% during the past 24 hours.
Pi Network Faces Bearish Pressure Amid High Volatility
The (PI/USDT)1-hour trading chart reflects a bearish sentiment, with key technical indicators signaling declining momentum. The MACD (12,26 close) displays a negative trend, with the MACD line at -0.0642 and the signal line at -0.0958, both below zero. This indicates a bearish crossover, suggesting downward momentum and potential further price declines.
Additionally, the RSI stands at 45.10, indicating that Pi Network is in a neutral position nearing overbought territory but has yet to reach extreme levels. This suggests that while selling pressure is dominant, a possible reversal could occur if buyers step in at key support levels.
The price action shows a sharp drop following a previous bullish rally, reflecting high volatility. The Pi Network token recently experienced strong upward momentum but is now facing significant resistance.
PI Market Outlook and Price Projections
In a bullish scenario, continued buying momentum could push Pi Coin toward the $3.15–$3.50 range, with a potential test of $4 in an extended rally. However, if selling pressure increases and the $2.50 support level fails, a decline toward $2.20 or even $2 may follow.
Data from Coincodex show that, the next five days, Pi Network will reach the highest price of $ 3.15 on Mar 05, 2025, which would represent 45.31% growth compared to the current price.
