Pi Coin (PI) Price Prediction for March: Here’s the Outlook

The PI price entered March on a positive note after a solid February, when the token gained roughly 25.7% over the month. That recovery came after a weaker start to the year and helped bring some bullish sentiment back to the project.

Even with that rebound, the PI price now sits in a tricky position. On one side, the network is making visible progress with upgrades and ecosystem development. On the other, steady token unlocks and exchange supply continue to create selling pressure. These two forces are pulling the market in opposite directions.

Currently, the PI price is in a tug-of-war. On one hand, the continuous development and technical progress fuel the optimism of the buyers. On the other hand, the continuous influx of fresh tokens into the market places a cap on the rate of appreciation of the asset.

Network Upgrades Push the Project Forward

March is turning out to be an important month for the Pi Network ecosystem. An important event is the upcoming Protocol v20.2 upgrade, which is scheduled for March 12. As part of this upgrade, the Testnet2 network is scheduled to shut down, after which the Pi DEX is expected to go live.

The Pi DEX enables P2P trading directly on the network, which brings the network one step closer to becoming a fully functioning network. Moreover, the shutdown of the Testnet2 network indicates that the network is no longer in its testing phase.

The year ahead also promises several upgrades for the Pi Network. For instance, the upcoming Protocol v23.0 upgrade, scheduled for Q2 2026, promises several upgrades based on the Stellar Core. Some of the upgrades that users can look forward to include better scalability and smart contract functionality.

Another important event that users can look forward to in the current month is the upcoming KYC Verifier reward system. As the name suggests, the system is designed to reward validators in the community for their services. This upgrade is important for the network, as the identity layer of the network is likely to gain strength.

The regulatory environment is also likely to have an impact on the PI price. For instance, if the network is able to achieve MiCA status in the EU, users can look forward to the possibility of the asset being listed on several exchanges in the region.

At the same time, supply pressure remains a real challenge. Roughly 4.6 million PI tokens unlock every day, and high exchange balances mean new supply regularly enters circulation.

PI Price Chart Shows a Key Resistance Battle

We took a look at the chart and PI has been steadily recovering from the long-term decline that was witnessed earlier this year. As can also be noted, the asset made a firm low at around $0.13, which laid the groundwork for the current rally.

As mentioned, the asset has been making higher lows, with the rising trendline providing support. As can be noted, the asset made a breakout in mid-February, with the price rising through resistance to quickly move towards the $0.20 mark.

As can also be noted, the 100-period MA, which is around the $0.173 mark, is now rising, providing support. As long as the asset is above this mark, the short-term momentum is said to be favorable.

Momentum indicators also show strong activity. The RSI is sitting near 63, which points to solid buying pressure, though it also puts the PI price closer to overbought conditions.

Right now, the biggest technical obstacle sits around $0.20–$0.205. This zone has rejected price several times and remains the main resistance level buyers need to break.

Read Also: Pi Coin Price Prediction As Pi Network Prepares Major Upgrade Ahead Of Pi Day

PI Price Prediction for March

If buyers manage to push the PI price above the $0.205 resistance with strong trading volume, the next upside targets could appear around $0.22 to $0.24 during March. A breakout there would confirm that the February recovery still has momentum.

If the resistance holds, the PI price may spend the rest of the month consolidating between $0.17 and $0.20. The rising trendline and the 100-period moving average around $0.17–$0.18 will be the most important support levels to watch.

A break below that zone could send the PI price back toward $0.15, where buyers previously stepped in earlier in the recovery.

For now, the PI price sits at an important decision point. The ongoing network upgrades and development of the ecosystem are also supporting factors for the long-term picture, although the pressure of the token unlock schedule is still in place. The market’s response to the March 12 upgrade may be significant in determining the next course of action.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Pi Coin (PI) Price Prediction for March: Here’s the Outlook appeared first on CaptainAltcoin.