The altcoin market has recently experienced reduced investment as Bitcoin's price suggests further short-term weakness. The broader stock market downturn, exacerbated by ongoing trade tensions, has negatively impacted the cryptocurrency market. Significant liquidations, exceeding $950 million in the past 24 hours, primarily affecting long positions, increase the likelihood of a long squeeze.

Pi Coin Price Prediction

Since the launch of its Open Mainnet, Pi Coin has been subject to market forces. This large-cap altcoin, with a fully diluted market capitalization of approximately $15.4 billion and a 24-hour average trading volume of around $535 million, fell over 24 percent in the past week, trading at approximately $1.38 on Tuesday, March 11.

Technically, Pi Coin has confirmed a bearish reversal pattern after closing below the neckline of a head and shoulders (H&S) formation. The four-hour chart shows a bearish continuation pattern, reinforced by bearish divergence in the Relative Strength Index (RSI).

In the short term, Pi Coin is likely to decline another 15-20 percent, targeting support around $1.16. This bearish outlook would be invalidated if Pi Coin consistently closes above $1.77 in the coming weeks.

Future of Pi Network

The Pi Network has cultivated a large user base exceeding 60 million, largely due to its mobile mining approach, contrasting with the energy-intensive mining of Bitcoin, Dogecoin, and Litecoin.

With the growing adoption of decentralized finance (DeFi), the Pi Network aims to develop utility-driven Web3 projects to engage its community. The core team's decisions in 2025 will significantly shape the Pi Network's future.