Pi Coin, the cryptocurrency that’s actually tied to the Pi Network, has honestly been under some serious downward pressure lately, you know? With the broader cryptocurrency market facing a lot of volatility right now, the Pi token has basically dropped by like 22% over the past 30 days, and also saw an additional 8% decline in just the last 24 hours alone, which is pretty significant.

This whole situation has definitely made a lot of investors, and I mean a lot of them, start to wonder if Pi Coin could possibly fall below that really critical $1 mark sometime soon, which would be a big deal. Given the current state of the crypto market these days, where investment risks are basically at an all-time high, and I mean really high, many people are definitely left questioning whether Pi Coin can actually recover from this or if we’re just looking at even more losses ahead in the coming weeks.

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Understanding Pi Coin’s Plummeting Value Amid Market Volatility

So, what exactly has caused this sharp drop in Pi Coin’s value? Well, there are honestly a bunch of different factors at play here, to be honest. Increased selling pressure, along with the negative sentiment following the KYC deadline situation, appears to be one of the main—and likely the biggest—reasons.

The Pi Network, which at one point actually had a market cap of like $19.2 billion or so, has now unfortunately seen that valuation drop all the way down to about $9.2 billion as of March 2025, which is pretty dramatic if you think about it. That’s basically a pretty steep correction, right? This situation has left many investors, particularly newer ones, feeling cautious and somewhat nervous about the token’s future prospects.

Pi Coin Going Bearish: What the Data Shows

Looking at the latest and greatest technical analysis, it’s clear that Pi Coin is currently stuck in a bearish phase. The Average Directional Index (ADX), which is used to measure trend strength, is sitting at 18.3 right now. That tells us the trend is pretty weak. Meanwhile, the +DI (Positive Directional Indicator) has fallen to 16.1, and the -DI (Negative Directional Indicator) has risen to 26.2. The gap between these two indicators is widening, which suggests that sellers are definitely in control, reinforcing that downtrend.

On top of that, the Chaikin Money Flow (CMF), which tracks buying and selling pressure, has also dipped to a value of -0.14 — which is its lowest level in a week. This negative reading really highlights the sustained selling pressure and also the levels of weak accumulation, so it looks like the bearish outlook is still in play unfortunately.

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Key Support and Resistance Levels

As of right now, Pi Coin is hovering around the $1.23 value which is also its support level. If this level breaks, the token could drop below $1.20 for the first time since February 22. On the flip side, resistance levels are also sitting at $1.57 and $1.82 in value. If Pi Coin somehow manages to break above those levels, that could also signal a potential reversal. That said, considering the current market conditions, it’s hard to imagine that happening anytime soon.

Market Sentiment and External Factors

A few external factors have only worsened the negative sentiment surrounding Pi Coin. There’s been some criticism over the launch of .pi domains, and of course, the broader instability of the crypto market hasn’t helped either. Additionally, the sell-off that followed the mainnet migration also added to the downward pressure on the token.

Investors are definitely starting to worry more about the risks tied to Pi Coin, especially with how unpredictable the cryptocurrency market can be right now. Add in the dreaded regulatory uncertainty and security risks, and it’s clear why Pi Coin’s been struggling to regain any momentum whatsoever.

How’s Pi’s Future Looking?

Right now, the future is unclear. If the downward trend keeps up, Pi Coin could drop to the $1 support level—or even below it for the first time. On the flip side, if it manages to climb past the $1.57 resistance level, there’s also a chance that it could push even higher, potentially reaching $1.82 or even $1.98 in value. It’s of course a waiting game, and the next moves will depend on how the market behaves.

At the time of writing, though, investors should keep a close eye on the key technical indicators. Investors feel the same way about the overall market sentiment. The Pi Network’s ability to handle external criticisms and stabilize its ecosystem will play a huge role in determining where the token goes from here.

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