Pi Network Price Today March 1, 2025: Slight decrease due to profit taking
Pi Network price today, March 1, decreased by 18.8%, currently at $2.27. Pi's RSI has decreased from a peak of 95 to 52.2, indicating that profit-taking is taking place.
Pi Network Price Today
Pi price on OKX exchange on March 1, 2025 is fluctuating around the price from 1.89 USD to 2.77 USD (equivalent to 48,180 VND to 70,800 VND). Thus, compared to yesterday, Pi price on OKX exchange decreased by about 18.8%.
Pi Network (PI) is attracting a lot of attention thanks to its impressive price increase of 232% in just 7 days, approaching the $3 level. However, technical indicators show that the bullish momentum may be slowing down.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100.
When RSI exceeds 70, the market is considered overbought, and the price may correct downwards. Conversely, RSI below 30 signals an oversold market and a possible price recovery.
Pi's RSI (Relative Strength Index) has dropped from a peak of 95 to 52.2.
The RSI's decline from extreme overbought levels suggests profit taking is underway, and the PI may enter a short-term consolidation or price correction phase.
If PI maintains its bullish momentum, the price could break above $3 and target $3.50. However, if the trend reverses, PI could test the first support level at $1.69. If this level is broken, the price could drop to $1.42 or even $0.80, which would represent a 68% correction from the recent high.
Binance Community Supports Listing Pi Network
According to a recent survey by Binance, the world's largest cryptocurrency exchange, 86% of participants expressed support for listing Pi Network (PI). This is a positive sign for the possibility of integrating PI into Binance's platform, although the final decision still rests with the exchange management team.
Since its official listing, Pi Network has maintained significant interest from the community. Notably, the price of PI continues to increase even when the general cryptocurrency market is in a sharp decline. This makes PI one of the few cryptocurrencies that can go against the trend compared to Bitcoin.
The exchanges that listed PI have all made significant profits. They have attracted a large number of new users, mainly PI miners, to trade. With a trading volume of up to 4 billion USD per day, these exchanges also earn a large amount of transaction fees.
Given the obvious benefits, it is not impossible that Binance will participate in listing PI, despite the controversies surrounding the project. Organizing community opinion surveys is Binance's way of probing the market and limiting negative feedback from users.
