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 ($80,422.73)) 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 ($0.16)), and Litecoin (LTC ($87.93)).
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.
