Pi Network (PI) has skyrocketed more than 70% in the last 24 hours, propelling its market capitalization to $16 billion and its volume to more than $2.3 billion in the last 24 hours.

Despite reaching new all-time highs near $3, this technical divergence suggests a volatile path ahead for PI. Traders are watching closely as the token navigates between bullish momentum that could drive it toward $4 and warning signs that might trigger a pullback to support levels as low as $1.7 or even $0.79.

Pi Network DMI Shows the Uptrend Is Very Strong

The Pi Network’s Directional Movement Index (DMI) is showing remarkable momentum, with its Average Directional Index (ADX) surging to 57.7 from just 12.3 a day ago.

The ADX is a key technical indicator that measures the strength of a trend regardless of its direction. Readings below 20 generally indicate a weak trend, 20-40 suggest a moderate trend, and values above 40 signal a strong trend.

This dramatic increase in Pi’s ADX from weak to very strong territory indicates a significant intensification in the underlying trend’s strength.

Complementing this ADX surge, Pi’s Positive Directional Indicator (+DI) climbed sharply to 40.9 from 14.6 two days ago, while its Negative Directional Indicator (-DI) plummeted to 1.1 from 19.4 in the same period.

When +DI is significantly higher than -DI, as is currently the case with Pi, it confirms a strong bullish trend. The combination of a high ADX value with a wide spread between +DI and -DI suggests Pi Network is experiencing a particularly powerful uptrend with minimal selling pressure.

If these technical signals maintain their current configuration, they could indicate continued upward price movement for Pi in the near term, as the market appears to be under strong buying control with minimal resistance.

PI BBTrend Is Negative Despite the Price Surge

Despite the ongoing price surge, Pi’s Bollinger Bands Trend indicator (BBTrend) has plummeted to -11, marking a dramatic decline from its reading of 51.2 just three days ago, after hovering between 1 and 3 yesterday.

The BBTrend indicator is a specialized technical tool that measures price movement relative to Bollinger Bands. It essentially quantifies how price is trending within these volatility-based channels.

Positive readings indicate upward price movement relative to the bands, while negative values suggest downward movement or reversion toward the middle band.

This sharp decline to -11 in Pi’s BBTrend could signal that the current uptrend is becoming significantly overextended and potentially vulnerable to a correction or consolidation phase.

When BBTrend turns notably negative after a price surge, it often indicates that the asset has moved too far too quickly and is now trading at levels that may be unsustainable in the short term.

This technical warning sign suggests that Pi might experience a pullback toward its middle Bollinger Band, a period of sideways consolidation, or at minimum, a deceleration in its upward momentum.

Can Pi Network Reach $4 In March?

Pi Network price reached new all-time highs just hours ago as its price approached the $3 mark for the first time.

With this strong upward momentum, Pi could potentially continue its ascent, breaking through the $3 psychological barrier and testing higher resistance levels at $3.5 or even $4 in the near term.

This impressive rally demonstrates growing market interest and buying pressure that could sustain further upside if the positive sentiment persists.

However, as indicated by the negative BBTrend reading, this rally may be overextended and at risk of reversal. Should the downward technical signal materialize into price action, Pi could experience a substantial correction, initially falling to test support at $1.7.

If this level fails to hold, further declines to $1.42 become likely as selling pressure intensifies.

In a scenario where a strong downtrend takes hold, Pi’s price might experience an even more dramatic pullback to $0.79, which would represent its lowest level in five days and a significant retracement from current highs.

March 2025 could bring significant price movements among top Real-World Assets (RWA) altcoins. ONDO is attempting a recovery after a sharp decline, while TRADE struggles at its lowest levels since November 2023.

Meanwhile, OM is surging to new all-time highs, solidifying its position as a dominant force in the RWA ecosystem. XDC is showing signs of a rebound after trading below $0.1, and BKN is gaining momentum with a 20% increase, driven by its asset tokenization platform.

Ondo (ONDO)

ONDO has been down almost 20% in the last seven days, although it’s attempted a recovery in the last 24 hours. Its market cap now stands at $3 billion, a significant drop from the more than $5 billion it reached in the last days of January.

Even with this correction, ONDO remains one of the biggest RWA coins, although Mantra recently surpassed its market cap.

If ONDO can regain its momentum from previous months, it could test the resistance at $1.09. Breaking through this level could see it rising to $1.25 next, and if the uptrend gains enough strength, it might even reach $1.44.

This potential rally could be fueled by ONDO’s stronghold in tokenized credit markets, a dominance noted by Dave Rademacher, Co-Founder of OilXCoin, who emphasized ONDO’s strategic position.

“ONDO has carved out a dominant role in tokenized credit markets, securing backing from major players,” Rademacher told BeInCrypto.

Polytrade (TRADE)

TRADE is down more than 43% in the last 30 days, with its market cap now standing at $12 million. It is currently trading at its lowest level since November 2023, reflecting a significant loss in momentum.

Polytrade offers a platform for users to find, buy, and trade RWA assets across more than 10 chains. According to their website, the marketplace hosts over 5,000 assets.

If TRADE can regain an uptrend, it could test resistances at $0.34 and $0.38. If the bullish momentum is strong enough, breaking through these levels could push TRADE to as high as $0.48.

Although Polytrade remains a small player and a few major players dominate the RWA ecosystem, there is considerable room for disruption coming from other players.

Pat Zhang, Head of WOO X Research, highlights this potential:

“Leading RWA projects will likely evolve into infrastructure, while innovation in RWAFi will drive new opportunities. The biggest players are positioned to maintain dominance, but challengers will continuously push for disruption. Whether market share remains concentrated or becomes more distributed will depend on the pace of innovation and overall RWA growth,” Zhang told BeInCrypto.

Mantra (OM)

OM is the clear winner in the RWA ecosystem over the last 30 days, with its price surging nearly 60% and its market cap reaching a new all-time high of $8.66 billion on February 22.

This impressive rally has positioned OM as a dominant force within the sector, attracting significant attention from investors. However, despite this momentum, questions remain about its sustainability.

If OM’s uptrend continues, it could test the resistances at $7.96 and $8.42. Breaking through these levels could push OM to new highs above $9 for the first time, solidifying its position as a leader in the RWA space.

However, if the momentum fades, OM could test the support at $7.26, and if that level is lost, it could decline further to $6.29. In the event of strong selling pressure, the price could drop as low as $5.70 or even $5.27.

“OM has strong momentum, but its sustainability is uncertain. Quantitative firms like Manifold Trading accumulated OM at lower prices, and if they take profits, the price could decline sharply. OM’s long-term growth depends on whether these early large-scale buyers hold or exit,” said Zhang.

XDC Network (XDC)

XDC is a mainnet that powers some of the most relevant RWA applications in the market. Despite trading below $0.1 for the last two weeks, it made a strong rebound attempt in the last 24 hours, showing signs of renewed momentum.

However, XDC price is still down roughly 14% over the last 30 days, reflecting the broader market’s volatility.

With this recent rebound, XDC’s market cap is back above $1.3 billion, signaling that investor interest remains strong.

If the uptrend continues, XDC could test the resistance at $0.098. Should this level be broken, XDC could push above $1 again, potentially sparking a more sustained rally.

However, if the previous downtrend resumes, XDC could test the first support at $0.072. If this support is lost, the price could decline further to $0.059.

Brickken (BKN)

Brickken is a platform for asset tokenization, with more than $250 million in Total Tokenized Value. It allows companies to tokenize franchises, real estate, venture capital, and more. As institutions increasingly enter the RWA ecosystem, regulation is expected to play a pivotal role in shaping its future.

“Regulatory uncertainty has been the biggest anchor holding back institutional adoption of RWAs in the US. But now, we’re seeing signs that the tide is shifting. Pair that with a new US administration that’s signaling a more pro-crypto stance, and we could be looking at a much-needed regulatory reset,” said Dave Rademacher, Co-Founder of OilXCoin.

Rademacher also pointed out the importance of regulation in addressing sector-specific challenges:

“If multiple jurisdictions create supportive frameworks for RWAs, the sector will diversify, with new entrants competing across different asset classes. In the end, RWAs are shaping up to be more like traditional finance – where a handful of major players lead, but there’s plenty of room for sector-specific challengers.”

BKN has been up more than 20% in the last 24 hours, reaching its highest levels since the beginning of February. If this bullish momentum continues, BKN could rise to test the next resistance at $0.33.

Breaking through this level could see it climb to $0.38 and potentially reach $0.43, which would push it above $0.4 for the first time since January 14.

However, if the positive momentum fades and a correction occurs, BKN could test the support at $0.24. If that support is breached, the price could drop to $0.21 or even as low as $0.18, marking its first dip below $0.20 since September 2024.

The SEC dropped its long-running investigation into Gemini today, bringing no charges. This week alone, the Commission has dropped three other investigations and is also closing active lawsuits.

However, co-founder Cameron Winklevoss does not seem satisfied with this reconciliatory gesture. He suggested stiff penalties for the Commission to discourage another Gensler-style crypto crackdown in the future.

No Charges for Gemini

The SEC, one of the US largest financial regulators, has been on a spree recently. In the last week, it dropped investigations against Opensea, Robinhood, and Uniswap, but it isn’t done there.

Cameron Winklevoss, co-founder of Gemini, announced today that the SEC also shuttered an investigation against his firm.

“On Monday, the SEC informed our litigation counsel that it has closed its investigation into Gemini and will not be pursuing an enforcement action against us. While this marks another milestone to the end of the war on crypto… it does little to make up for the damage this agency has done to us, our industry, and America,” Winklevoss claimed via social media.

Winklevoss claimed that the SEC sent Gemini a Wells Notice under a year ago, but its investigation never involved formal charges.

Recently, the Commission has been dropping legal battles at a fast rate, settling with Coinbase and preparing an agreement with Tron in a civil fraud case. The SEC is also stalling its long-running suit against Ripple, but it’s technically active.

None of these reconciliatory measures seem to have moved Winklevoss much. Last month, Gemini had to pay a $5 million fine to the CFTC, and the SEC gave its business partner Genesis a $38 million fine.

Both firms were sued in 2023. In today’s statement, Winklevoss took an extremely hostile stance towards the regulators responsible:

“How many years of innovation were kicked down the road at the expense of Americans? We will never know. Unless there is a cost and price to be paid for this behavior, it will happen again. Everyone involved in these actions should be fired immediately and in a public way. Their names, roles, and the actions they participated in should be posted,” he said.

Some of his other suggestions include making the SEC pay Gemini 3x the cost of its legal bills, banning its employees from employment at federal agencies for life, and other “serious consequences for bad faith actors.”

For Winklevoss, the SEC’s investigation into Gemini is an outright policy failure that must be ferociously corrected.

This plays into a fundamental dilemma that the crypto industry is facing in light of its newfound political influence. The SEC was a powerful opponent under Gensler, but it’s on our side now.

Under new leadership, it has shown downright enthusiasm for making new regulations. In other words, it could be a powerful tool moving forward.

Therefore, the dilemma is this: should crypto try to use the Commission or destroy it? For Gemini and Coinbase, the SEC under Gensler engendered enough hostility that destruction seems preferable.

However, putting pro-industry Commissioners at its helm was a major accomplishment. It may be shortsighted to throw away years of work.