- PI token trades above $0.21 after rallying over 25% in the past 7 days as anticipation for the upcoming Pi Day on March 14 grows.
- PiScan recorded 3 million PI deposits to exchanges in 24 hours, suggesting near-term profit taking which could reverse the bullish trend.
Pi Network’s PI token traded slightly higher today, extending the rebound recorded throughout the previous week. The token gained nearly 4% on the day and held above the $0.2100 level at press time. That move followed a weekly rise of about 30%, keeping PI on a firm footing as traders turned attention to Pi Day on March 14.
The latest price action points to a market that is still leaning upward, even as some holders begin to lock in short-term gains. Data from PiScan showed that more than 3 million PI tokens were deposited in centralized exchanges over the last 24 hours. Exchange inflows often increase when traders are preparing to sell, and that can signal a near-term cooling phase after a sharp rise.
Pi Day is coming…
The Pi Network community is waiting for something big.
New updates, new possibilities, and maybe a major announcement.
Stay patient. Stay mining. The pioneers are building the future. pic.twitter.com/X5oi6fP8NC— PiCoin Fan (@Crypotcoinpi) March 5, 2026
In a previous update, CNF outlined Pi Network’s broader Mainnet strategy, which placed artificial intelligence among its priority areas alongside ecosystem growth and identity services. Pi Network has now expanded in that direction through a proof-of-concept with OpenMind. We reported that more than 421,000 nodes representing over 1 million CPUs could support opt-in AI computing tasks.
Inflows to Exchanges Point to Pi Token Profit-Taking
The increase in exchange deposits suggests that some retail participants are capitalizing on the recent rally to secure profits. After a strong weekly climb, that trend is common and does not always lead to a full reversal. In PI’s case, the token has so far absorbed that selling pressure without losing its recent support zone.
PI token continued to trade with a bullish bias after extending its recovery above the $0.2100 area. The token price is holding well above the 50-day EMA near $0.1812, a sign that buyers remain in control in the short term. Recent candles also show strong upward momentum from the February lows, with PI pushing toward the $0.2200 zone after a sharp breakout. As long as the price stays above the moving average, the current structure keeps the focus on further upside.
Meanwhile, the most crucial obstacle in the daily chart is at $0.2700. That level is an earlier rejection territory and might stall the subsequent higher leg as long as the buying force remains stronger.
Moreover, the Pi token’s MACD remained in favor of the bullish perspective as the signal lines remain in positive territory despite a slight drop in momentum following the recent rally.
This month, CNF noted that Pi Network completed its Protocol v19.9 migration and set Protocol v20.2 as the next step in its Mainnet upgrade roadmap. The update comes as node operators are required to stay current to remain connected ahead of Pi Day 2026.
Additionally, Pi Network tested AI image recognition with OpenMind by using idle node CPU power during its ongoing Mainnet upgrade phase. We recently covered that this trial comes ahead of the planned Pi Day DEX launch.
Credit: Source link
