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The price of Pi Network (PI) today, March 10, 2025, stands at $1.46 or around 23873 IDR, a decline of 8.33% in the last 24 hours.
The price of Pi Network (PI) is today, March 10, 2025, at 13,873 IDR or $1.46, down 8.33% in the past 24 hours.
Despite this, PI still shows high volatility as it tests strong resistance at 32,702 IDR ($2). Increased selling pressure and decreased trading volume make it difficult for bulls to push prices higher.
In addition, on-chain data from Coinglass showed a 2.45% drop in Open Interest, and a 0.61% increase in Long/Short Ratio.
This signals that more traders are exiting the market due to high volatility, and there was a greater presence of short positions.
According to data from CoinMarketCap, the price of Pi Network (PI) is $1.46 today, March 10, 2025, having decreased by 8.33% in the last 24 hours.
The price chart shows quite volatile price movements in the past day. PI reached a high of $1.63, but fell to a low of $1.25 before rising again and stabilizing at around $1.46.
Despite the price decline, trading volume in the last 24 hours increased sharply by 138.92%, reaching $935.78 million USD. This indicates high PI trading activity in the market.
Pi Network’s market capitalization currently stands at $10.59 billion, a decrease of 7.78% compared to the previous day. In terms of community sentiment, 91% of users are still bullish, showing optimism for Pi Network’s future despite the price correction.
Pi Network (PI) has dominated the list of most trending cryptocurrencies on CoinGecko, sparking heated speculation among traders. At the time of writing, PI’s price is $1.79 with a 40% drop in trading volume in the last 24 hours.
According to the latest analysis from AMBCrypto, PI’s price movement shows a sideways consolidation pattern, which indicates market uncertainty. Since the launch of the mainnet, PI has continued to test the resistance level at $1.9 in the one-hour chart.
If it can break out, analysts expect the price to rise to $2 in the short term. However, due to increased selling pressure, failure to break this resistance could lead to a price correction towards $1.5.
Data from Coinglass shows that the high volatility of the past two weeks has caused many traders to exit their positions. This massive liquidation has resulted in PI Open Interest decreasing by 2.45% in the last 24 hours, signaling diminishing market participation in PI futures.
After a sharp increase on March 9, there was a slight decrease of 0.61% in Long/Short Ratio, which measures the balance between bullish and bearish traders.
At the time of writing, the Long/Short Ratio stands at 0.83, which indicates that bearish pressure still dominates the market. If there is no significant increase in buying interest, PI could struggle to maintain its position above $1.79 and potentially experience further correction.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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