Bitcoin

would

<ul class="wp-block-list"> 
 <li>Pi Network (PI) falls 7.06% to $0.9322, market cap of $6.3B.</li> 
 <li>Trading near the lower band, indicating high selling pressure.</li> 
</ul> 
Pi Network (PI) has extended its downward trend, dropping 7.06% in the last 24 hours to $0.9322. Its market cap <a href="https://coinmarketcap.com/currencies/pi/" target="_blank" rel="noreferrer noopener nofollow">stands</a> at $6.3 billion, reflecting the same percentage decline, while 24-hour trading volume surged 57.46% to $303.63 million, indicating increased market activity. 
Despite a broader crypto market recovery, PI struggles to regain lost ground. The token has dropped nearly 60% from its previous highs, raising concerns among investors. Technical indicators suggest further downside pressure unless buying momentum strengthens. 
<h3 class="wp-block-heading" id="h-can-pi-network-recover">Can Pi Network Recover?</h3> 
PI faces immediate resistance at $1.00. A breakout above this could push the price toward $1.20, a key psychological level. However, the <a href="https://thenewscrypto.com/cardano-breaks-key-support-fx-guys-4m-presale-sparks-fomo/" target="_blank" rel="noreferrer noopener">support</a> at $0.90 remains crucial. If this level is breached, PI could drop further to $0.80 or lower. 
The RSI stands at 37.93, nearing oversold conditions. Typically, an RSI below 30 indicates extreme overselling, which could trigger a short-term bounce. However, the RSI moving average is at 39.61, confirming weak buying pressure. Unless the RSI moves above 50, a sustained recovery is unlikely. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="473" src="https://thenewscrypto.com/wp-content/uploads/2025/03/PIUSDT_2025-03-24_18-25-48-1024x473.png" alt="" class="wp-image-131926" srcset="https://thenewscrypto.com/wp-content/uploads/2025/03/PIUSDT_2025-03-24_18-25-48-1024x473.png 1024w, https://thenewscrypto.com/wp-content/uploads/2025/03/PIUSDT_2025-03-24_18-25-48-300x139.png 300w, https://thenewscrypto.com/wp-content/uploads/2025/03/PIUSDT_2025-03-24_18-25-48-768x355.png 768w, https://thenewscrypto.com/wp-content/uploads/2025/03/PIUSDT_2025-03-24_18-25-48-1536x710.png 1536w, https://thenewscrypto.com/wp-content/uploads/2025/03/PIUSDT_2025-03-24_18-25-48.png 1824w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
</figure> 
CMF is at -0.04, indicating weak capital inflows. A positive CMF reading would suggest renewed investor confidence, but the current negative value reflects ongoing outflows. If CMF drops further, it could confirm <a href="https://thenewscrypto.com/solana-price-takes-a-bearish-turn-after-past-weeks-recovery-will-bulls-resurface/" target="_blank" rel="noreferrer noopener">bearish</a> dominance. 
PI’s price is moving near the lower Bollinger Band, a sign of high selling pressure. If the bands expand, volatility could increase, leading to sharper price swings. A move toward the middle band would indicate stabilization. 
The BBTrend indicator remains negative, reinforcing the bearish outlook. To reverse this trend, PI must reclaim the $1.00 resistance <a href="https://www.tradingview.com/chart/xTeB2FRP/?symbol=BINANCE%3ABTCUSDT" target="_blank" rel="noreferrer noopener nofollow">level </a>with strong volume support. Until then, downside risks remain high. A recovery depends on reclaiming key resistance levels and improving market sentiment. If buyers fail to step in, PI could continue its downward trajectory toward $0.80 or lower. 
Highlighted Crypto News Today <a href="https://thenewscrypto.com/metaplanets-bitcoin-holdings-reach-291m-now-holds-3350-btc/" target="_blank" rel="noreferrer noopener">Metaplanet’s Bitcoin Holdings Reach $291M, Now Holds 3,350 BTC</a>

Why Is Pi Network (PI) Crashing Today?

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