Cryptocurrency Pi Network Sees Price Fluctuation Amidst Market Volatility

The cryptocurrency market is experiencing significant fluctuations, with Bitcoin's price under scrutiny due to the upcoming White House summit and Friday's nonfarm payroll data, while Pi Network's price has crashed by over 42% to $1.6 after the developers postponed the KYC grace period until March 14.

The Pi Network's price decline is part of a broader sell-off in the cryptocurrency market, which is facing regulatory concerns, tariff policies, and a $1.5 billion Bybit hack. Despite this, the coin's price may bounce back due to the formation of a falling wedge pattern on the hourly chart and potential listings on tier-1 exchanges, including Binance. The Pi Network Coin, which was launched on February 20, has seen a 300% surge in value and is listed on major exchanges like CoinDCX, OKX, and Bitget.

In contrast, Hedera Hashgraph's price has jumped after inking a partnership with Swift and has formed a combination of a falling wedge and a bullish pennant patterns, indicating a potential bullish breakout. Meanwhile, Bitcoin's price is facing risks, including a retest of the resistance level at $89,128 and a potential death cross formation, with the Awesome Oscillator moving below the zero line and the Relative Strength Index moving close to the oversold level.

As the cryptocurrency market balances on the edge of significant changes, traders are watching charts and news closely, with the White House's crypto summit potentially impacting Bitcoin and the Pi Network surging on Binance listing hopes. The Pi Network Coin's unique feature of allowing users to mine on mobile phones has attracted attention, and its price movements will be closely monitored in the coming days.