Pi Network Price Today March 19, 2025: Risk of Dropping to $1
Pi Network price today March 19, 2025 continues to decrease by 13.5% compared to yesterday, currently at $1.15. .pi domain name and security concerns
Pi Network Price Today
Pi price on OKX exchange on March 19, 2025 is fluctuating around the price from 1.09 USD to 1.36 USD (equivalent to 27,700 VND to 34,610 VND). Thus, according to the time of writing, Pi price on OKX exchange decreased by 13.5% compared to yesterday, reaching 29,370 VND
Pi Network (PI) price has dropped 34.7% in the past two weeks, with a further 13.5% loss in the last 24 hours. This decline is largely due to increased negative sentiment following a sharp sell-off that occurred shortly after the KYC deadline.
On February 26, 2025, Pi Network's market capitalization reached a record high of $19.2 billion, but has since fallen to $9.2 billion due to increased selling pressure. In particular, the launch of .pi domains has also created controversy, contributing to the growing negative sentiment.
If the downtrend continues, PI price could test the support level at $1.23. Failure to hold this level would put PI at risk of falling below $1.20 for the first time since February 22, 2025.
Technical indicators show that sellers are in control of the market. PI's ADX (Average Directional Index) is currently at 18.3, maintained since yesterday, indicating that the current trend is not strong enough to reverse.
The +DI (bullish trend strength indicator) has fallen from 23 to 16.1 over the past two days, while the -DI (bearish trend strength indicator) has risen from 19.6 to 26.2. The widening gap between the two lines suggests that sellers are in control of the market, reinforcing the bearish trend.
.pi domain names and security concerns
.pi domains operate entirely within Pi Network’s internal blockchain environment. This means that users cannot access them directly using regular browsers, but must use the Pi Browser or through the “pinet.com” extension.
Some users on Reddit have expressed concerns that the domain name system operates like a LAN (intranet), raising questions about security, access, legal oversight, and user autonomy.
Another issue is the lack of regulatory oversight, as the Pi Core Team has full control over the domains. In particular, the Google.pi domain auctioned for 2,050 PI has raised concerns about trademark infringement.
