Pi Network Price Prediction: Pi Coin Crashes Below Key Support as Pioneers Slam Mainnet Delays—Will It Reclaim Above $1.50?

The Pi Network price has encountered a turbulent period, with its value plunging below a crucial support level.

Pi Coin recently hit a low of $1.3340, marking a staggering 55% decline from its February peak of $3.

This downturn has left the community questioning the Pi cryptocurrency’s future, particularly as Pioneers voice frustrations over ongoing Pi mainnet migration issues.

With the broader Pi Network market experiencing volatility and Pi Network Coin facing increasing scrutiny, will the token be able to reclaim the $1.50 level? Let’s break down the factors contributing to its current struggles and what lies ahead.

Why Is Pi Network’s Price Crashing?

Several key reasons are driving Pi Coin’s recent decline, ranging from concerns over token unlocks to broader market weakness and bearish technical indicators.

Token Unlock Fears Weigh on Pi Crypto Value

One of the most significant concerns is the potential dilution caused by upcoming token unlocks. Pi Network’s circulating supply currently stands at 7.22 billion tokens, with a total supply of 100 billion. This means roughly 93 billion tokens are yet to be released, a factor that could put immense selling pressure on the Pi Coin market.

The market faces strong selling pressure with 93 billion Pi Coins yet to be released. Source: ExplorePi

For March alone, 188 million tokens are scheduled for release, with 1.4 billion set to enter circulation throughout the year. The majority of token unlocks are expected to occur between 2027 and 2028, leading to fears of devaluation. A growing circulating supply without sufficient demand often results in price declines, and investors appear to be reacting preemptively by offloading their Pi Network Coin holdings.

Crypto Market Downtrend Adds to Pi Crypto Price Woes

Pi Network’s struggles are further exacerbated by the broader crypto market downturn. Bitcoin, the industry’s bellwether, has seen significant declines, with the total market capitalization of digital assets dropping 3.65% to $2.75 trillion.

Pi Network Coin was trading at around $1.42 at press time. Source: TradingView

Recent events in the U.S., including former President Donald Trump’s crypto summit, have led to uncertainty in the market. While the summit highlighted potential regulatory shifts, investors responded with a “sell-the-news” reaction, causing market-wide sell-offs. Pi Network, like many altcoins, has followed Bitcoin’s lead, adding to its already fragile position.

Bearish Technical Indicators Signal Further Downside for Pi Coin Trading

From a technical perspective, Pi Coin’s price action suggests further weakness. The token recently breached a crucial neckline at $1.50, confirming a bearish Head and Shoulders pattern.

Key indicators reinforce this downtrend:

• Moving Averages: Pi Coin is trading below its 50-period moving average, indicating a shift in momentum.

• Relative Strength Index (RSI): The RSI is trending downward, reflecting weakening buying pressure.

• MACD: The Moving Average Convergence Divergence (MACD) is also pointing lower, signaling sustained bearish momentum.

Unless buyers step in with strong support, these indicators suggest that Pi Coin may continue to decline in the near term.

Community Backlash Over Mainnet Pi Migration Issues

Beyond price struggles, Pi Network is facing criticism from its community over persistent Pi mainnet migration issues. The network recently set a March 14 deadline for users to complete their Know Your Customer (KYC) verification and migrate to the Pi Network wallet. Those who fail to meet this deadline risk losing their Pi currency holdings, except for coins mined in the last six months.

Investors question how the Pi team can set a deadline for millions of miners when mainnet migration is handled manually. Source: CommanderX on TradingView

However, many Pioneers have reported unresolved technical issues preventing them from transferring their Pi cryptocurrency to the mainnet. One user, Jaro Giesbrecht, expressed frustration on X (formerly Twitter), stating, “The Pi network has done nothing to help solve this problem. It is a very common problem.”

Another user echoed similar concerns: “~80% of my balance shows as unverified, although all of my security circle has completed KYC. No additional actions are listed to be taken in order to clear this up. Furthermore, nobody got back to me on a support ticket I opened weeks ago.”

With widespread complaints emerging, some Pioneers are calling for an extension of the deadline until these technical issues are fully addressed.

Where Is Pi Network Headed Next?

Bearish Scenario: A Drop Below $1.00?

If the current downtrend persists, Pi Coin could break below the critical $1.00 support level. A drop below this psychological barrier may trigger further panic selling, pushing the Pi Coin exchange rate toward post-listing lows.

Pi Network price could retest the $1.23 support before rebounding for a bullish move above the $1.50 resistance. Source: DailyPiBySte on TradingView

Bullish Rebound: A Return to $1.50 and Beyond?

Despite the bearish outlook, some analysts remain optimistic, particularly with Pi Day (March 14) approaching. Historically, significant events in the Pi Network ecosystem have led to short-term price rallies. If the Pi token price can reclaim and sustain above $1.50, it could signal renewed buying interest, potentially paving the way for a recovery toward $2.00.

Final Thoughts

Pi Network is currently facing one of its most challenging periods. The combination of increasing Pi Coin supply, market-wide weakness, and community frustrations over Pi Coin wallet migration has contributed to its sharp decline. While long-term fundamentals remain intact, short-term price action suggests heightened volatility.

Whether this dip presents a buying opportunity or signals further downside remains uncertain. For now, investors should closely monitor upcoming token unlocks, broader market trends, and key technical levels before making their next move on Pi cryptocurrency value.