Pi Network Price Today March 4, 2025: Continues to decrease due to the following 3 reasons
Pi Network price today, March 4, continues to decrease by 43% compared to the peak, currently at 1.73 USD. Pi Network price continues to decrease due to the following 3 reasons
Pi Network Price Today
Pi price on OKX exchange on March 4, 2025 is fluctuating around the price from 1.52 USD to 1.91 USD (equivalent to 38,910 VND to 48,920 VND). Thus, after 3 consecutive days, Pi price on OKX exchange decreased by 43% compared to the peak.
Pi Network was once a rising star in the cryptocurrency world, but just a few days after reaching its peak of $2.98/Pi, the price of Pi Coin plummeted to $1.73, a drop of 43%. This price level has many investors wondering about the future of Pi Network.
Pi Network Price Continues to Fall for the Following 3 Reasons
Expectations for listing on Binance
One of the main reasons why Pi Network is struggling is the delay in getting listed on the Binance exchange.
The Pi community was excited when Binance conducted a vote in mid-February, with 86% of users supporting the listing of Pi Coin.
However, nearly a week after the voting ended, Pi Coin has still not been listed. The prolonged wait has caused many investors to lose patience and start selling, putting downward pressure on the price.
2. 'Whales' and the "pump and dump" strategy
In the cryptocurrency world, 'whales' are people who hold large amounts of coins and have the ability to manipulate the market.
Currently, there are many suspicions that whales are implementing a 'pump-and-dump' strategy with Pi Coin. They buy in large quantities to push the price up, then sell massively to make a profit, causing the price of Pi Network to plummet.
The lack of decentralized applications (dApps) on Pi's Open Network further increases this volatility. If Pi Network can deploy more dApps, the value of Pi Coin could stabilize due to real-world usage.
3. The RSI (Relative Strength Index) is going down
Technical indicators are painting a bearish picture for Pi Network. Pi Coin price is in a descending channel, indicating that bears are in control.
The RSI (Relative Strength Index) is below 50 and making lower lows, signaling increasing selling pressure.
If this trend continues, Pi Coin could break the important support level at $1.49/Pi and even drop below $1, touching $0.7/Pi
Pi Network is going through a challenging period with a sharp drop in price and many uncertain factors. However, if the coin can overcome the current obstacles, such as listing on Binance and developing practical applications, it still has a chance to recover and grow in the future.
Investors need to stay alert, closely monitor the market and make decisions based on reliable information.
