Pi Network has started the week with a significant decline, despite the broader crypto market's attempts to stabilize. Projections highlight key levels for a potential reversal or continuation of the decline.
Pi Day 2025 Fails to Spark a Rally
March 14 marked the celebration of Pi Day 2025. On this day, new features such as Pi Domains Auction were announced, but the long-awaited Binance listing announcement many traders hoped for did not happen. Without this catalyst, the price continued to struggle, leading to current bearish sentiments in the market.
Pi Coin Price Prediction for This Week
On the 4-hour chart, PI recently broke down from a symmetrical triangle pattern, losing key support at $1.51. This breakdown resulted in a sharp drop toward a critical support zone between $1.23 and $1.38. Currently, PI is trading near $1.36, positioned at the upper boundary of this crucial support area.
Bullish Scenario: If buyers manage to defend this support, PI could see a bounce toward the ascending trendline and the $1.79 resistance zone. A breakout above this level could confirm a trend reversal.
Bearish Scenario: If sellers drive the price below $1.23, it could trigger a significant decline, with the next major support at $1.14 and $0.75.
Final Thoughts
Pi Coin is at a critical juncture. Holding the current support zone could lead to a short-term rebound, but failure to do so might result in a further downtrend. Traders should closely monitor volume confirmations and price action around key levels before executing trades.
Pi Network is at a critical support level that will determine its future movement. Traders need to watch key levels and trading volumes carefully.
