Pi Network price today, March 29, 2025: The upward trend is unsustainable.
Pi Network's price today, March 29, 2025, increased by 2% compared to yesterday, currently standing at $0.83. The upward trend is not sustainable as technical indicators continue their downward trajectory.
Pi Network price today, March 29, 2025
The price of Pi on the OKX exchange on March 29, 2025, is fluctuating around $0.8147 to $0.8676 (equivalent to VND 20,840 to VND 22,190). As of the time of writing, the price of Pi on the OKX exchange has increased by 4.2% compared to yesterday, reaching VND 21,260.
Over the past 24 hours, Pi Coin has seen a slight increase of approximately 1%, reflecting the overall recovery of the cryptocurrency market. However, this upward momentum is considered unsustainable as technical indicators continue to show that the downward trend remains dominant.
Once considered one of the top potential altcoins, Pi is now struggling to maintain its position on the market capitalization charts. Over the past day, the price of Pi dropped to a new low of $0.77, bringing the total market capitalization down to just $5.6 billion. Compared to its peak last month, the token has lost over 70% of its value, and has fallen nearly 30% in the past week alone.
Analysts at bullstraders7 believe that the $0.60 level is the last crucial support zone for Pi Coin. If this level is broken, the token could face a further sharp decline, increasing investor concerns about the near future.
A large quantity of Pi tokens is about to be released to the market.
Another factor putting significant pressure on Pi's price is the amount of tokens that will soon be unlocked. According to data from PiScan, approximately 105.96 million Pi tokens, equivalent to $85 million, will be released into the market within the next 30 days. On April 3rd alone, the market will witness the largest unlock with 6.8 million tokens.
It is projected that a total of 1.6 billion Pi will continue to be unlocked throughout this year. This exacerbates the oversupply situation while investor confidence in the recovery remains weak, especially since Pi is not yet officially listed on major exchanges.
Despite a somewhat bleak short-term outlook, some traders remain optimistic. Trader Coinvo suggests that this is a good time to buy during a sharp price drop. He points out that the RSI divergence is signaling a strong buy, and the current Fibonacci support zone could help Pi recover. If this scenario occurs, the price of Pi could rebound to $5 in the near future.
