Pi Network Price Today March 29, 2025: Unsustainable Uptrend

Pi Network Price Today 3/29/2025

Pi price on OKX exchange on March 29, 2025 is fluctuating around the price from 0.8147 USD to 0.8676 USD (equivalent to 20,840 VND to 22,190 VND. Thus, at the time of writing, Pi price on OKX exchange increased again by 4.2% compared to yesterday, reaching 21,260 VND

In the past 24 hours, Pi Coin recorded a slight increase of about 1%, reflecting the general recovery of the cryptocurrency market. However, this increase is considered unsustainable as technical indicators continue to show that the downtrend is still dominant.

Once expected to be one of the top potential altcoins, Pi is now struggling to maintain its position on the capitalization rankings. In the past day, Pi's price dropped to a new low of $0.77, bringing its total market capitalization to just $5.6 billion. Compared to its peak last month, the token has lost more than 70% of its value and has dropped nearly 30% in the past week alone.

Analyst bullstraders7 commented that the $0.6 level is the last important support zone for Pi Coin. If this level is broken, the token may face the risk of a deeper decline, making investors even more worried about the near future.

Pi Network Price Today March 29, 2025: Unsustainable Uptrend

A large amount of Pi tokens are about to hit the market

Another factor that is putting a lot of pressure on Pi’s price is the upcoming token unlock. According to data from PiScan, approximately 105.96 million Pi, equivalent to $85 million, will be released into the market over the next 30 days. On April 3 alone, the market will see the largest unlock of 6.8 million tokens.

A total of 1.6 billion Pi is expected to continue to be unlocked throughout this year. This makes the oversupply situation more serious while investor confidence in the recovery is still weak, especially when Pi has not been officially listed on major exchanges.

Despite the gloomy short-term outlook, there are some optimistic opinions from some traders. Trader Coinvo believes that this is the right time to buy on the deep dip. He points out that the RSI divergence is giving a strong buy signal and the current Fibonacci support zone could help Pi recover. If this scenario occurs, Pi price could recover to $5 in the near future.

Source: https://baonghean.vn/gia-pi-network-hom-nay-29-3-2025-da-tang-khong-ben-vung-10293985.html