Pi Coin maintains resilience even as Bitcoin, Cardano, Solana slump over impending Trump tariffs; can it keep the momentum up?

Pi Coin from Pi Network: Emotions are running high in the cryptocurrency market. The market witnessed a momentary upswing yesterday, before slipping into a downturn today, driven by geopolitical and economic developments. A major catalyst for the upswing was the announcement of a crypto strategic reserve by US President Donald Trump yesterday, which sent major tokens like XRP, Solana, and Cardano soaring.

However, the optimism has been short-lived as President Trump confirmed the imposition of 25% tariffs on Canada and Mexico, triggering a market-wide slump. Bitcoin, which briefly crossed the $84,000 mark, lost steam and struggled to reclaim lost momentum. Amid this turbulence, Pi Network has emerged as a resilient contender, displaying remarkable stability compared to its peers.

The main reason behind today slump is that the announcement of imminent tariffs have pushed investors to dump high-risk cryptocurrency coins and towards safe havens, like gold.

But the story of Pi is different, albeit slightly.

Since its inception, Pi Network has been vying for recognition in an increasingly volatile crypto space. Early on, its price surged close to $3 but failed to maintain the momentum. Nevertheless, Pi has continued its upward trajectory, overtaking Hedera to claim the 11th spot in global crypto rankings. This impressive leap has fuelled speculation that Pi Network could be the next major disruptor in the market. Despite the ongoing sell-offs and market corrections, Pi has maintained a bullish undertone, hinting at a potential breakout before the quarter closes.

Today, with a global cryptocurrency slump, as per data from CoinMarketCap, Pi Coin today is up almost 5%, trading at $1.75.

Technically, the PI price recently broke out of a falling wedge pattern, a sign of an impending rally. However, it has yet to validate its upward movement.

As per CoinMarketCap, analysts point to a critical local support zone between $1.60 and $1.62, which could serve as a launchpad for another push toward the $1.92 resistance level. It is already over $1.62.

Despite its growing prominence, Pi Network still faces a significant hurdle: its absence from major exchanges like Binance. In an era where memecoins secure listings within minutes, Pi’s prolonged delay has left many investors perplexed. Binance recently conducted a community poll where an overwhelming 86% of users supported Pi’s listing, yet it remains in limbo. This delay has sparked concerns about potential whale sell-offs, which could dampen its short-term growth.

One thing to note is that, although Pi Coin is up 5% at $1.75, it is still slightly over 2% down over the past 24 hours. Last week, it soared to an all-time high of $2.98 before, retracing by approximately 41%. This price volatility has left investors questioning the factors driving Pi’s fluctuations.

Market analysts suggest that a listing on major exchanges could be the catalyst needed for Pi to surge. CoinCodex predicts a 234.84% jump this month, with an estimated average price of $3.37—representing a 101.79% increase from current levels. In a highly bullish scenario, projections suggest Pi could reach as high as $5.64.

However, the good news is that, beyond speculative trading, Pi Network is steadily making inroads into real-world transactions. Businesses across the USA, China, Vietnam, Thailand, and India are now accepting Pi as payment, signaling its growing acceptance. Notably, China’s BYD Auto Service Company has already facilitated car sales using Pi, with nearly 100 vehicles purchased globally through the token. Such developments could cement Pi’s status as a legitimate digital asset rather than just another speculative instrument.

March could prove to be a pivotal month for Pi Network. Whether it secures a much-anticipated exchange listing or remains caught in regulatory uncertainties will likely determine its trajectory. With a market cap of $12.05 billion, a 24-hour trading volume of $871.99 million, and a fully diluted valuation of $173.91 billion, Pi Network stands at the cusp of either a major breakout or continued consolidation.

Investors and enthusiasts alike will be closely watching its next move.