The cryptocurrency market has been facing another wave of corrections, and Pi Network (PI) has not been immune. Once considered one of the most resilient tokens since the launch of its mainnet, PI has now lost momentum. In early March, the price of Pi Network dropped by more than 22%, falling to around $1.38.
This decline raises questions among investors and community members. Will PI recover, or is the token facing even more downside? With Pi Day (March 14) approaching, speculation is building around what could happen next.
In this article, we will explore:
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What Pi Network is and why it has attracted attention.
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The recent price movement and technical signals.
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Key support and resistance levels to watch.
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How the community and potential exchange listings could affect PI.
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Different scenarios for the short and medium term.
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Frequently asked questions for anyone new to Pi Network.
Let’s dive in.
What Is Pi Network?
Pi Network is a blockchain project that aims to make cryptocurrency accessible to everyday people. Unlike Bitcoin or Ethereum, Pi does not require expensive mining equipment. Instead, users can “mine” PI tokens directly from their mobile phones through the Pi Network app.
The project was launched by a group of Stanford graduates who wanted to democratize access to digital money. Since then, Pi has built one of the largest communities in crypto, with tens of millions of users worldwide.
However, Pi Network is still in a transitional phase. While the app and community are active, the token is not yet listed on major centralized exchanges like Binance or Coinbase. Instead, PI trades on a few smaller exchanges and within the Pi community itself. This creates a gap between its potential and its actual market performance.
The Recent Price Drop Explained
In early March, Pi Network experienced a sharp sell-off. The token price fell more than 22% in just a few days, slipping from near $1.88 down to $1.38.
Breaking Key Support
Technical analysis shows that PI was previously holding an important symmetrical triangle pattern. When the token failed to defend its ascending support line, sellers took control. The breakdown coincided with the 10-day moving average crossing around $1.88 (highlighted in red on most trading charts).
This technical breakdown triggered panic among short-term traders, who rushed to exit their positions. As a result, PI’s momentum weakened, and the price quickly moved into a lower support zone.
Current Technical Outlook
Right now, PI is trading around $1.38–$1.40, sitting on a critical support area highlighted by analysts.
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Support level to watch: $1.30. If PI can hold this zone, there may be a chance for recovery.
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Resistance levels: $1.75 and $1.88. These are the next key areas to test if the token attempts a rebound.
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Next major downside target: If PI fails to stay above $1.30, the token could fall toward $0.75, a significant drop from current levels.
Indicators to Consider
The MACD indicator (Moving Average Convergence Divergence) is showing signs of early stabilization. While not a full bullish reversal, this could suggest that selling pressure is slowing down. A confirmed move back above the 10-day moving average would strengthen the case for recovery.
Why Is Pi Network Dropping?
Several factors may explain the sharp decline in Pi Network’s price:
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General Market Weakness: The overall cryptocurrency market has been struggling, with major tokens like Bitcoin and Ethereum facing downward pressure. PI is following the broader trend.
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Lack of Major Listings: Without listings on top exchanges, liquidity for PI remains limited. This makes the price more volatile and prone to sharp swings.
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Profit-Taking by Traders: After holding above $1.80 for some time, many traders decided to take profits, creating a domino effect.
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Uncertainty Ahead of Pi Day: While Pi Day (March 14) is an important milestone, uncertainty about whether the project will announce big updates may have caused nervous selling.
What Could Happen on Pi Day?
Every year on March 14 (Pi Day), the Pi Network community celebrates its progress. It is also a time when the project’s team sometimes shares updates about the roadmap.
This year, investors are speculating whether Pi Network will announce a major partnership, exchange listing, or mainnet update. One rumor gaining traction is the possibility of a Binance community listing. Binance has recently adopted a more community-driven approach, and Pi’s massive user base could give it an advantage.
However, nothing has been officially confirmed. If no major announcement is made, the market could react negatively in the short term.
Bullish Case for Pi Network
Despite the current downturn, there are reasons why some investors remain optimistic about PI.
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Strong Community: With tens of millions of users, Pi Network has one of the largest grassroots movements in crypto.
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Accessible Mining: Unlike Bitcoin, anyone can mine PI on a phone, which makes adoption easier.
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Potential Exchange Listings: If Binance, Coinbase, or other major exchanges list PI, demand and liquidity could increase dramatically.
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Upcoming Pi Day Catalyst: Positive news on March 14 could act as a short-term price boost.
If PI manages to hold above $1.30 and break past $1.75–$1.88 resistance, it could signal the start of a recovery rally.
Bearish Case for Pi Network
At the same time, risks remain high.
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Failure to Hold $1.30 Support: If this level breaks, PI could slide all the way down to $0.75.
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Unrealized Promises: Critics argue that Pi Network has been slow to deliver on exchange listings and mainnet migration.
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Market Conditions: If Bitcoin and the wider crypto market continue to struggle, PI could face more downward pressure.
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Community Fatigue: Some early adopters may lose patience if the project does not provide concrete progress updates.
Neutral Scenario
The most realistic scenario may be somewhere in between bullish and bearish. PI could continue consolidating between $1.30 and $1.80 for weeks until a clear catalyst (like an exchange listing) drives stronger momentum.
During this consolidation, traders may focus on short-term swings, while long-term supporters continue to accumulate tokens.
Key Levels to Watch
To simplify, here are the main levels every PI watcher should monitor:
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Immediate support: $1.30
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Stronger downside target: $0.75
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Immediate resistance: $1.75
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Stronger resistance: $1.88
Breaking above or below these levels will likely determine PI’s next trend.
Community Sentiment
The Pi community remains highly active on Twitter, Telegram, and Discord. Many supporters see the current drop as a buying opportunity. Others are waiting for Binance listing news to reignite excitement.
Community-driven projects can be unpredictable. If Pi’s developers announce even small progress on Pi Day, sentiment could quickly flip positive. On the other hand, silence could frustrate members and increase selling pressure.
Frequently Asked Questions (FAQ)
1. Is Pi Network listed on Binance or Coinbase?
Not yet. PI is currently not available on major exchanges. However, speculation about a future listing continues to fuel interest.
2. Why did Pi Network’s price drop recently?
The drop was mainly due to technical breakdowns, profit-taking, and overall weakness in the crypto market.
3. What is the most important support level for PI right now?
The $1.30 support level is critical. Losing this could lead to a fall toward $0.75.
4. What happens on Pi Day?
Pi Day (March 14) is a yearly event where the team may share updates. Many community members are hoping for news about listings or partnerships.
5. Is Pi Network a good investment?
This depends on your risk tolerance. Pi is still an experimental project with high volatility. Always do your own research and never invest money you cannot afford to lose.
Final Thoughts
The 22% drop in Pi Network’s price has put the token at a crossroads. With PI now hovering around $1.38, the $1.30 support level has become the key line in the sand. If it holds, there is potential for recovery toward $1.75 and $1.88. If it fails, a decline toward $0.75 is possible.
The upcoming Pi Day (March 14) may act as the next catalyst. Whether it brings major announcements or disappointment, one thing is clear: Pi Network remains one of the most talked-about projects in the crypto space.
For now, the best approach is cautious optimism. Watch the charts, keep an eye on official announcements, and remember that crypto is always unpredictable.
