The post Pi Coin Price Prediction For March 11 appeared first on Coinpedia Fintech News
The altcoin industry has suffered low cash inflow in the recent past as Bitcoin (BTC) price signals further short-term weakness. The intense pain in the stock market has trickled into the crypto market amid the ongoing U.S.-led tariff wars. Moreover, more than $950 million was liquidated in the crypto market during the past 24 hours, mostly involving long traders, thus escalating the odds of a long squeeze.
Pi Coin Price Prediction
Following the launch of the Open Mainnet, Pi Coin has been subjected to the crypto market forces in the past few weeks. The large-cap altcoin, with a fully diluted valuation of about $15.4 billion and a 24-hour average trading volume of around $535 million, dropped over 24 percent in the past seven days to trade about $1.38 on Tuesday, March 11, during the mid-London session.
From a technical analysis perspective, Pi Price has confirmed a reversal pattern after closing below the neckline of a head and shoulders (H&S) formation in the past two days. In the four-hour time frame, Pi Coin has been forming a bearish continuation pattern as the Relative Strength Index (RSI) continues to signal bearish divergence.
In the near term, Pi Coin will likely drop another 15-20 percent towards the support level of around $1.16. The short-term bearish sentiment will be invalidated if Pi Coin consistently closes above $1.77 in the coming weeks.
Future of Pi Network
The Pi Network has grown to a vast network of over 60 million users in the past years, largely due to its mobile mining infrastructure compared to the energy-intensive mining process of Bitcoin, Dogecoin (DOGE), and Litecoin (LTC).
With the rising adoption of decentralized financial (DeFi) protocols, the Pi Network is keen to build utility-driven web3 projects to actively engage the community. As a result, the decisions made by the core team in 2025 will significantly influence the fate of the Pi Network in the coming years.
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Pi Network aims to expand in Web3 and DeFi, with core team decisions in 2025 shaping its long-term adoption.
If the bullish sentiment sustains, this altcoin could reach as high as $80 this year.
