The value of Pi Network’s token (Pi) dropped almost 30% in the last day, reaching a low of $0.193. Pi Network is a cryptocurrency designed for mobile devices, built using the Stellar Consensus Protocol. It aims to be energy-efficient and easy to use by combining ‘Security Circles’ with traditional computer nodes for participation.
Pi Network’s blockchain is built using technology similar to Stellar, specifically a modified version of Stellar’s core protocol.
As a crypto investor, I’ve been looking into Pi, and it’s important to understand it’s *not* just a token built on Stellar. It’s actually its own blockchain, but it cleverly uses Stellar’s underlying tech to confirm transactions. Think of it as building a new road, but using some of Stellar’s construction equipment to get the job done.
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As of today, Pi’s price has fallen by 29.03% in the last day, reaching $0.1966. It’s also down 16% over the past week.
Pi’s value decreased after starting the week by climbing to $0.2978 on March 13. This unexpected fall happened after the Pi Network token was listed on the Kraken exchange on Friday.
Pi’s price jumped to $0.2978 when news of its listing was released, but it quickly dropped along with the rest of the market, ultimately erasing all of those initial gains due to a ‘long squeeze’.
It seems a group of traders who had bet on prices going up were forced to quickly close their positions, likely causing a rapid price drop.
A “long squeeze” happens when prices suddenly fall, causing investors who expected prices to rise to sell their holdings. This selling then pushes prices down even further.
Pi day fails to boost price
It’s Pi Day today, March 14th, but unfortunately, the value of the Pi cryptocurrency has continued to drop, now reaching $0.193.
Pi Day is a yearly celebration of the number pi (π). It’s held on March 14th because 3.14 are the first three digits of pi. The first Pi Day was celebrated in the United States.
As an analyst, I’ve been tracking Pi, and it really started gaining momentum around mid-February. It bounced back from a low of $0.1322 and then steadily climbed, breaking through several key resistance levels. First, it moved past $0.174, then $0.23, which also happens to be where the 50- and 200-day moving averages are. Ultimately, this positive trend pushed the price above $0.29.
The recent upward trend for Pi has ended, and the price has dropped below its 200-day moving average of $0.23. If the price continues to fall, the next likely support level is $0.174, which corresponds to the 50-day moving average.
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2026-03-14 20:33