Pi Coin Recovery Rally Failed, Is There Any Hope for the Altcoin?
Pi Network (PI) experienced a failed recovery rally, trading around $0.20 after a 35.74% decline, with indicators suggesting continued selling pressure.Summary
Pi Network (PI) is currently trading around $0.20 as of March 21, 2026, following a significant 35.74% drop from a recent peak near $0.2700. Despite a modest daily bounce, technical indicators suggest the recovery may be unsustainable. The Squeeze Momentum indicator shows accelerating bearish momentum, while the Money Flow Index (MFI) indicates a sharp unwinding of buying pressure. The price currently hovers just above a critical support level at $0.1907, with further declines potentially targeting $0.1779 and $0.1600. A sustained move above $0.2070 would be needed to signal a correction is over, but continued selling from newly liquid token holders could challenge this support. The recent Kraken listing and Protocol 20 upgrade have not provided significant upside amid broader market pressures.
(Source：BeInCrypto)