Pi Coin price is now at $1.39 after plunging 19% last week. But this shouldn’t be too worrying for holders since this coin is doing fairly well compared to other top altcoins.
Just in the last 24 hours, Ethereum and DOGE both lost around 8% in value while Pi Coin price remained mostly flat.
Well, the situation on the market is negative, with stock and crypto markets crashing. However, usually in crypto, when the crowd thinks we’re going one direction, we end up in the opposite one.
So, we might either see a boring day today or a slight reversal with Bitcoin managing to stay above $80k, but Ethereum below $2k at press time.
Pi Coin found support at the $1.40 level but still trades way below its All-Time High (ATH) of around $3.
Looking at Pi Coin’s technical indicators, the Relative Strength Index (RSI) currently sits at 45, indicating that the coin is in neutral territory – neither oversold nor overbought. This suggests there’s room for movement in either direction, though the balanced RSI combined with stable price action despite market turbulence points to potential resilience.
Read also: Is the Bull Run Over? Crypto Market Crashes, Bitcoin Price Dips Below $80k
Pi Coin Price Prediction for March 11
Based on current market conditions, Pi Coin will likely maintain its position around the $1.35-$1.45 range today. With the broader market showing signs of stabilization, Pi might see minor fluctuations but shouldn’t experience dramatic price movements.
If Bitcoin manages to hold above the $80k level, Pi Coin could potentially test the $1.45 resistance. However, a break below $1.35 might signal further downside toward the $1.30 level.
Traders should keep an eye on overall market sentiment, as continued sideways movement from Pi against declining major cryptocurrencies suggests relative strength that could translate to gains once market conditions improve.
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