Pi Coin, the native token of the Pi Network, faced a sharp 70% drop in March 2025 amidst growing investor fears. However, an analysis of technical indicators and ecosystem updates suggests a potential bullish turnaround.
Reasons for Pi Coin's Crash in March 2025
The primary reason for the recent drop in token value is the scheduled release of 1.6 billion tokens over the next year. This has raised concerns about market dilution and increased supply, which could dampen price volatility and limit short-term growth.
Technical Analysis: Pi at a Turning Point
The altcoin is consolidating around the 78.60% Fibonacci retracement level, a notable support zone. Analysts note that if the bulls can hold this level, a bullish trend may develop.
PiChain: PCM Wallet Upgrade as a Growth Catalyst
In March, Pi Network announced the release of a new PCM wallet developed by PiChain Global. The update includes an improved interface and enhanced functionality, along with Muxed account support for simpler and faster transactions. These changes could boost investor confidence.
Despite a challenging March, there are signs of recovery for Pi Coin. Technical signals point to positive changes, and upcoming exchange listings could support growth.
