The cryptocurrency market is seeing a lot of activity as Pi Network faces price movement, with major token unlocking event in March. Despite not being listed on major exchanges, Pi Network has gained a huge following, and with the unlocking event on the horizon, the crypto community is watching closely to see how it will impact Pi’s price.
Pi’s Price Struggles Amid Resistance
Pi Network has recently faced rejection near the $2.01 mark, raising concerns about a potential downside movement. If the bearish trend continues, Pi’s price could fall toward key support levels around $1.5855. On the flip side, a breakout above the $2.01 resistance could push the price toward $2.23.
Technical indicators suggest that Pi Network is at a critical juncture, and the market’s next moves will depend on whether Pi can break past the resistance or if sellers will continue to exert pressure.
Executive Order Boosts Market Sentiment
Meanwhile, the broader cryptocurrency market has been impacted by recent news. President Donald Trump signed an executive order creating a strategic Bitcoin reserve, which is expected to boost the overall crypto market. This development has drawn attention to Bitcoin’s potential as a store of value, akin to gold, and could signal the U.S. government’s shift toward cryptocurrencies. While Pi Network is not directly tied to Bitcoin, such macro trends often spill over into altcoins.
What’s Next for Pi Network?
With the upcoming token unlock event and ongoing market volatility, many are asking: what’s next for Pi Network? As the Pi community remains strong and committed to long-term holding, it could help mitigate the short-term impact of the unlock. However, if Pi fails to break past the $2 resistance, a downside move toward $1.58 could be in store. A few experts also suggest that Pi could soon hit the $10 mark.
