#PI走势分析 PI has been trading sideways, and since the launch of the autonomous network, the coin has been testing the key resistance level of $1.9948 on the 1-hour chart while facing strong resistance.

According to Zenith Zoro, an analyst at CoinMarketCap, breaking above this level could push PI to $2.0364 in the short term. However, as bearish pressure mounts, the level could drop to $1.5682.
The PI has a Relative Strength Index (RSI) of 61 (neutral upper limit), suggesting that traders have been selling the coin, reducing the bullish momentum needed to break above the key resistance zone of $2.
Pi Network on-chain insights
Looking at the liquidation chart, traders seem to be optimistic about their long and short positions. However, high price volatility has frustrated traders, and many have been forced to exit their positions over the past two weeks. According to Coinglass, the token's open interest has fallen by 2.45% over the past 24 hours due to a large number of liquidations over the past two weeks. The long-short ratio is 0.83, indicating bearish momentum.
Market outlook and trends: Progressive Pi Network unlocking is expected to increase coins in circulation and affect future prices. The PI market oscillator and moving average give a "sell" signal during price fluctuations. With the massive unlocking event planned for March 17, the bulls face strong resistance.
According to James of Zito Realty LLC, the real estate company plans to accept PI as a payment method for homes. As the market speculates that PI may be listed on Bn, the token may face new buying pressure.
So, what's next?
In the positive market news, strong buying pressure above the key resistance level of $1.9948 could strengthen PI bulls, leading to a long-term breakout and an upward rally. Traders should keep an eye on predetermined unlocks, market trends, and price movements around key levels