Pi Coin Price Prediction Has Turned Bleak, But This New Solana Layer-2 SOLX Is Closing in On $23M Raised

Pi Network has suffered a steep 13% decline among the hardest-hit tokens, trading near a critical support level of $1.10.

Pi Coin price has slipped 13% as the broader cryptocurrency market stumbles.

The crypto market is down 1.70% in recent trading, decreasing the total market capitalization to $2.70 trillion.

Later today, the Federal Reserve is due to conclude its two-day meeting, with the interest rate decision and the updated dot plot projections being keenly awaited.

Pi Network (CRYPTO: PI) price has tumbled 13% as the broader cryptocurrency market stumbles once again ahead of the pending Federal Reserve rate hike and fresh liquidity outflows from cryptocurrency exchange-traded products (ETPs). The broader crypto market is down 1.70% in recent trading, decreasing the total market capitalization to $2.70 trillion.

ETPs have seen $6.4 billion in outflows over the last five weeks alone, with Bitcoin (CRYPTO: BTC) products accounting for $5.4 billion of that total. As investors become more risk-averse, they are pulling capital out of speculative assets and shifting it into safer assets.

Later today, the Fed is due to conclude its two-day meeting, with the interest rate decision and the updated dot plot projections being keenly followed. No change to the 0.25% bottom of the 4.25%-4.50% target range is anticipated, but traders will be watching for any signals about future rate cuts.

Rumors of a gentler Fed approach are being credited with sparking a rebound in both the crypto and stock markets from the lows seen earlier in March. A more benign macro backdrop could be key to helping Pi Network and other altcoins break out of their recent trading ranges and stage a sustained move to new all-time highs later in 2025.

Here’s a look at the latest developments in the Pi Network story and where the price could head next.

What Happened: Pi Coin price has dropped 12% over the last 24 hours and is now trading at $1.11 at the time of writing, according to Benzinga Pro. At a low of $1.09, the token nearly breached a key support level.

If the bears manage to push the price through this support, it could continue to slide towards the next level of support at $1.05 or even $1.00.

On the other hand, if the bulls can regain control and drive the price above the $1.15 resistance, it could pave the way for a further rally to the $1.20 level.

Technical Analysis: The 20-day Simple Moving Average (SMA) is now trading below the 200-day SMA, forming a ‘death cross’ and suggesting that the bears are in control of the market.

The Relative Strength Index (RSI) is currently standing at 36, which indicates that the token is nearing oversold territory. However, it is still some way from reaching a level that would usually signal an impending reversal.

Trading volume has been low throughout March, which suggests that there is not much interest from either buyers or sellers at the moment.

What Next For Pi Coin Price Prediction?

The primary factor that is likely to influence Pi Network price trends over the coming days will be the Federal Reserve’s two-day meeting.

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As the broader crypto market continues to be met with strong selling pressure, and crypto ETPs also posted another week of significant outflows, it remains to be seen whether the reported interest from BlackRock, Inc. (NYSE:BLK) in launching a spot Bitcoin ETF will be sufficient to spark a bullish reversal.