Key Insights :
- Pi Network (PI) price remained tight between $0.6450 and $0.6550. It saw a 0.44% daily decline with a trading volume of $60.74 million.
- Pi Network trades at $0.6491, with a market cap of $4.51B and volume dropping 11.57% in the last 24 hours.
- Pi must break above $0.6602 resistance to challenge higher targets at $1.23, $1.51, and $2.39 by 2025.
Pi Network price recently caught the attention of many traders and investors as it goes through a consolidation phase. After a strong downward trend, PI’s price movement raises questions about whether it can break new ground.
If market conditions remain favorable, the token could experience a strong rally. This surge may push its price beyond the $2 mark before the end of 2025.
Pi Network Price Holds Steady Amid Tight Consolidation
During the last 24 hours, Pi Network price experienced a 0.44% decrease. This brought its value to $0.6491. Market capitalization for the token amounts to $4.51 billion, backed up by approximately $60.74 million in daily trading activity.
The trading volume declined moderately by 11.57% since the previous session while maintaining its price of $0.6491. Current price stagnation occurs between $0.6450 and $0.6550, indicating restricted price movements without identifiable trends.
A minor bullish and bearish tension exists inside this trading area, and the market cap volume ratio matches 1.34%. A moderate level of liquidity defines the market condition, so larger price fluctuations might develop when trading volume reaches heightened levels.
Current bearish price trends continue to persist, and sellers continue to maintain control of the market. Markets should expect a big price or volume move to determine whether the Pi network price will reverse upward.
Futures Market Data Suggests Weakening Momentum for Pi Network
Coinglass data showed a sharp peak in Pi Network’s Futures Open Interest around March 13, followed by a steady decline. Open Interest rose gradually, then peaked, reflecting increased speculative activity before the market turned downward.
After the peak, both Open Interest and price began to decline steadily. The decrease in Futures Open Interest showed that traders started to close their positions, reducing market participants’ active interest.
Pi Network price displayed a temporary recovery but dropped to $1.20 on March 19. Trading momentum reached a decline, and speculative market interest started to fade based on these market movements.
The trading volume at 6.41 million indicates that market participants might be accumulating assets to wait for market clarity.
Price consolidations like this one generally result in significant market movements. However, Pi Network needs better price performance to validate these assumptions.
Critical Resistance Zones to Watch for Pi’s $2 Price Target
Pi Network’s 4-hour chart shows a consistent downtrend marked by Break of Structure (BOS) and Change of Character (CHoCH) points. After a steep decline, the price consolidates between the $0.57 and $0.66 range, a crucial zone for future movements.
Resistance remains strong around $0.6602, with a “Strong High” zone above that level. The appearance of Equal Highs (EQH) and Equal Lows (EQL) elements indicates growing market liquidity.
Numerous traders use these patterns as a warning sign before breakout occurrences. A bullish confirmation requires the price to exceed and sustain itself above the strong high region. If momentum changes, the primary targets at $1.2306, $1.5143, and $2.3949 may be triggered.
The bearish pattern structure will continue unchanged until a breakout happens and the risk for added downward price movement remains. The probability of Pi reaching $2 before 2025 will increase if it establishes a lasting position above its strong high area.
According to the charts, the ongoing Pi market stability offers two possible outcomes. These are between rally initiation and more downtrend development.