Pi Coin (Pi Network/PI) seems to be defying the market trend. While most crypto assets are facing price dips, PI has registered a 3.1% rally in the last 24 hours, according to CoinGecko data. The coin’s price has also risen by 16.5% in the 14-day charts. PI’s rally is surprising, given that Bitcoin (BTC) fell below the $63,000 mark earlier today, and most other assets are following BTC’s trajectory. Despite PI’s rally, the asset is down by 10.6% in the weekly charts, nearly 10% over the previous month, and 90% since February 2025. Let’s discuss if Pi Coin can continue its price rally or will the asset succumb to market forces.
Can Pi Coin Sustain Its Price Rally?
Pi Coin’s anomalous rally could be due to the network recently celebrating the first anniversary of its Open Network. Moreover, the network had recently announced a host of updates for the ecosystem. The developments may have elevated investor sentiments. Moreover, retail investors may have bought the dip, leading to a price rally.
While Pi Coin’s price rally is commendable, it is unlikely that the rally will continue to defy the larger market trend. PI’s price will likely fall victim to the larger bearish forces that are currently governing the crypto landscape. The recent updates are likely not enough to keep the asset’s price afloat. The asset’s technicals also do not look very good. PI’s RSI (Relative Strength Index) is at 36, and buying pressure seems to be cooling off.
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CoinCodex analysts also paint a bearish picture for Pi Coin. The platform anticipates the asset to face a price correction over the next few days, hitting $0.1168 on March 4, 2026. Dipping to $0.1168 from current price levels will entail a correction of about 31.25%.
