Altcoins News
By James Thorp
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PI’s Post-Surge Decline. Pi Network’s PI token experienced a sharp rise on March 12, 2025, with the coin gaining 26.
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Bearish Market Sentiment. Market indicators suggest that the bearish sentiment surrounding PI will likely continue.
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Technical Analysis: Key Support Levels. Technical analysis further supports the view that PI could see additional losses in the near term.
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Funding Rates and Market Activity. A closer look at Pi Network’s derivatives market reveals that short-sellers are dominating.
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Conclusion: Bearish Sentiment Holds Strong. The combination of negative market sentiment, technical indicators, and centralization concerns…
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Pi Network’s token, PI, has been in a steady decline after an impressive rally earlier this month. Following a sharp 26.
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Pi Network’s PI token experienced a sharp rise on March 12, 2025, with the coin gaining 26.28% in a single day. However, the euphoria was short-lived.
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One of the key concerns in the market is the centralization of Pi Network’s coin holdings. The project holds a massive 82.
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Market indicators suggest that the bearish sentiment surrounding PI will likely continue. A quick look at the 4-hour chart shows a firm downtrend for the token.
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Additionally, the 20-period and 50-period moving averages on the 4-hour chart confirm the ongoing downtrend.
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A recent price bounce on March 21, 2025, saw PI briefly test the 78.6% retracement level at $1.14, but the token was quickly rejected, losing 28.38% since then.
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A closer look at Pi Network’s derivatives market reveals that short-sellers are dominating. The funding rate has remained persistently negative over the past week, signaling that…
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Open Interest in PI futures has remained flat over the past four days, indicating that market participants are mostly on the sidelines, awaiting a clearer market direction.
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The combination of negative market sentiment, technical indicators, and centralization concerns all point toward a continued decline for Pi Network’s PI token in the short term.
The Currency Analytics
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