Pi Coin, the native token of Pi Network, has been facing significant price stagnation over the last 48 hours, hovering just below the $1.5 mark. As of March 12, 2025, Pi Coin is priced at approximately $1.41, showing a slight 3.16% increase in the last 24 hours. Despite this modest uptick, the cryptocurrency has struggled to break past the $1.5 resistance level.
Trading volume has surged significantly, reaching $402 million in the past 24 hours, a 46% increase, signaling heightened market interest. However, Pi Coin’s performance remains relatively stagnant following a major drop from its peak price of $2.98 on February 26, 2025. This sharp decline represents a 55% decrease, largely due to a broader sell-off across the cryptocurrency market. Despite the recent downturn, Pi Coin remains up 125% from its all-time low of $0.6152 recorded on February 20, 2025.
Technical indicators suggest that Pi Coin is holding steady near key support levels, with the $1.50 resistance proving difficult to overcome. If it can break above this level and maintain momentum, a rally towards the $2.00 mark could be possible. However, the next few days will be crucial in determining whether Pi Coin can regain its bullish trajectory.
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