Pi Network's PI Hits $0.20 on March 5 as Analysts Flag Three Bearish Signals

On March 5, Pi Network's PI token climbed around 15% to a three-week peak of $0.20, pushing its market value above $1.9 billion and into the top 50 crypto assets. At the same time, upcoming token unlocks, a growing exchange-held supply of about 365.5 million PI, and an RSI reading near 72 have raised concerns that selling pressure and a price pullback could follow. Some traders still anticipate further gains if PI can defend the $0.19 area, with individual targets stretching above $0.30 and even $1.