Despite the broader crypto market experiencing a significant downturn, few tokens are as volatile as Pi Network (PI).

While Pi Network faces uncertainty, the Solaxy (SOLX) presale is gaining traction with nearly $1 million raised over the past 7 days as it approaches the $27 million mark.

The broader crypto market has seen a significant downturn, with its market cap losing $450 billion from March 3rd to today. However, few tokens have experienced as drastic a change as Pi Network (PI).

PI, which had reached an ATH of $2.98 in late February, is now facing a steep decline from the highs as the token comes crashing down. This shift in the crypto landscape has seen investors pivot towards more strategic investments, such as the upcoming Solaxy (SOLX) token.

As the project approaches the $27 million mark in presale funds raised over the past seven days, the project is gaining traction for its goal of improving Solana’s scalability by launching a Layer 2 blockchain.

However, investors don’t have long to enter the presale on the ground floor, as its dynamic pricing model will see the per-token price increase.

PI Loses Support At The $1.28 Level And Comes Crashing Down – Will A Further Downturn Follow?

After six years of development in a closer environment that saw Pi Network enthusiasts mine the token with a mobile-first approach, PI launched on February 20th, priced at approximately $1.24.

Although the token had a rocky launch, visiting the $0.65 level just hours after it went live, it reached its ATH of $2.98 on February 26th. While the price has only dropped since, the token enjoyed strong support at the $1.28 level, which it lost today.

Currently, PI is trading at $1.08 and is meeting resistance at the $1.24 level, which it revisited after the initial crash.

While uncertainty surrounds the token, crypto analyst Moon Jeff believes it is preparing for a further downturn, expecting PI to reach $0.8, which he sees as a strong buying zone.

$PI is trading below support. The next support is at $0.6-$0.7

I will be buying more at $0.8. #PiNetwork pic.twitter.com/ZHa2E78y3B

— MOON JEFF 🪐 (@CRYPTOAD00) March 18, 2025

PI’s 14-day Relative Strength Index (RSI) of 41.37 means the token is in a neutral-to-bearish zone, leaving room for a further dip in its price, as the token is neither overbought nor oversold.

With PI’s trading volume soaring by 71.35% during the sell-off indicating heightened volatility, there’s potential for the token to enter the oversold territory if the price continues to fluctuate, which could signal the beginning of future upward momentum.

Expert Sees 10X Potential In Solaxy And Commends The Project’s Focus On Community Growth

Solaxy is now reporting nearly $26.8 million raised with plenty of room for growth as the presale nears its final stage. The project’s marketing efforts, fueled by 15% of the total token supply, are also showing promising results, as Solaxy has over 82,700 followers across its X (Twitter) and Telegram channels.

The hype surrounding Solaxy is driven by its ambitious goal of launching a Layer 2 blockchain that will help Solana deal with its congestion issues by bundling transactions and processing them off-chain. This will also improve Solana’s scalability, leading to faster transactions and lower gas fees.

Jacob Crypto Bury, a member of the 99Bitcoins team of crypto experts, believes Solaxy is prepared for an explosive launch, highlighting the strength of its community.

The expert also noted Solaxy’s partnership with Best Wallet, which previously endorsed Pepe Unchained (PEPU). This project developed a Layer 2 solution for Ethereum and managed to increase its price by over 700% just 48 hours after launch.

If Solaxy manages to maintain this momentum, Jacob Crypto Bury believes it could be primed for a 10x surge, encouraging his audience to begin accumulating SOLX during the presale.

Solaxy Puts Investor Security First – Here’s How To Enter The Presale And Earn More SOLX Passively

As the Solaxy presale progresses through stages, the price of SOLX will increase, with the final stage set to bring it to $0.0169, according to the project’s whitepaper.

Currently, investors can purchase SOLX for $0.01666 using SOL, ETH, USDT, or a credit or debit card via the presale website, while those using Best Wallet can swap their BNB for SOLX.

In terms of security, the project has passed an audit by Coinsult, which confirmed that it follows the best smart contract security practices, with no issues found in its code. Additionally, 10%