{"id":637390,"date":"2025-03-21T09:58:10","date_gmt":"2025-03-21T09:58:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=637390"},"modified":"2025-03-21T09:58:10","modified_gmt":"2025-03-21T09:58:10","slug":"pi-network-price-prediction-pi-coin-plummets-21-as-solana-layer-2-solaxy-explodes-past-27-million-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/pi-network-price-prediction-pi-coin-plummets-21-as-solana-layer-2-solaxy-explodes-past-27-million-in-presale","title":{"rendered":"Pi Network Price Prediction: PI Coin Plummets 21% As Solana Layer 2 Solaxy Explodes Past $27 Million In Presale"},"content":{"rendered":"

Pi Network price has plummeted 21% in the last 24 hours to trade at $0.89486 as of 3:30 a.m. EST on a 48% pump in trading volume to $546 million.<\/p>\n

Pi Network Price May Continue Its Downward Trend<\/h2>\n

The Pi\/USDT trading pair<\/a> currently trades at $0.89486, reflecting a -2.27% decline within the observed 1-hour timeframe. The chart shows a well-defined descending triangle pattern, generally a bearish formation characterized by lower highs, indicating that sellers dominate.<\/p>\n

A noticeable area of price consolidation occurred around the $1.00 psychological level, which is a temporary support. After multiple tests of this support, the price eventually broke downwards, confirming a Break of Structure (BOS) that has marked the continuation of the prevailing downtrend, adding to the bearish sentiment.<\/p>\n

Additionally, an order block (OB) is seen near $1.20, previously serving as a key resistance. Order blocks are often regions where institutions or large traders placed significant sell orders, and the price struggled to break above this level before continuing downward.<\/p>\n

\"Pi<\/p>\n

PIUSDT Analysis Source: Tradingview<\/p>\n

Selling Pressure Mounts, Eyes On $0.80 Support Level<\/h2>\n

The presence of Fair Value Gaps (FVGs) shows that the market could undergo a temporary retracement to fill these gaps, offering short-term relief before continuing its downward trend. If the price attempts to retest the $1.00 level, traders should closely monitor for signs of rejection or weakening momentum.<\/p>\n

The Relative Strength Index (RSI) is currently at 21.79, firmly in the oversold territory. A previous dip brought the RSI below 15.02, further emphasizing the extreme selling pressure. While such low RSI readings often suggest a potential for a short-term bounce or corrective move, it is important to wait for confirmation of a reversal.<\/p>\n

The immediate downside target could be the next support level, around $0.80, especially if the bearish momentum persists. On the other hand, if the market undergoes a relief rally, the $1.00 level might serve as the first major resistance.<\/p>\n

A successful break above this could lead to further upside attempts, potentially testing the $1.20 order block. Meanwhile, the Pi Network price remains bearish, and further declines are possible if the selling pressure continues.<\/p>\n

Solana Layer 2 Solaxy Explodes Past $27.3 Million In Presale<\/h2>\n
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While the Pi Network price keeps falling, Solaxy (SOLX)<\/a> is gaining attention, raising over $27.3 million in its presale. Positioned as Solana’s first Layer 2 solution, Solaxy is stepping up to tackle the network’s congestion problems.<\/p>\n

These issues are mainly driven by the growing popularity of SOL-based meme coins, as developers continuously launch new tokens to ride the trend. Even US President Donald Trump has introduced his own meme coins on the blockchain.<\/p>\n

To address this, Solaxy will use rollups, a scaling solution that processes and bundles transactions off-chain. Once bundled, these transactions will be sent to Solana’s blockchain for final approval and storage, reducing network congestion and improving overall efficiency.<\/p>\n

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Solaxy ( $SOLX<\/a>)- #Solana<\/a> Layer 2 #memecoin<\/a> with high staking rewards.
Raised $10M+ in presale, ongoing until March 31, 2025.
Pros:
Aligns with Solana + memecoin trend.
Public security audit.
Decent SMM performance.https:\/\/t.co\/xHEqmN9z0h<\/a> pic.twitter.com\/XSZxybjBSg<\/a><\/p>\n

— Rayford Nelson (@RayfordN97369) March 13, 2025<\/a><\/p><\/blockquote>\n