Pi Coin, the native cryptocurrency of the Pi Network, has been stuck at around $1.40 for the past 48 hours, unable to break past the $1.50 mark. As of March 12, 2025, Pi Coin is trading at $1.41, reflecting a modest 3.16% increase over the past 24 hours. Trading volume during this period has surged by 46%, reaching $402 million, indicating a rise in market activity.
The current price stability follows a sharp decline from its February 26 peak of $2.98, marking a 55% drop in the wake of a broader sell-off in the cryptocurrency market. Despite this downturn, Pi Coin is still up by 125% from its all-time low of $0.6152 on February 20, 2025.
Technical indicators show that Pi Coin is holding firm at key support levels, with the $1.50 resistance proving to be a critical threshold. Analysts suggest that if Pi Coin can sustain a breakout above this resistance, it could potentially recover toward the $2 mark. However, the next few days will be crucial to determining whether the coin can maintain momentum and continue its upward trajectory.
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