I just reviewed what's been happening with Pi Network these days and things are getting interesting. It seems that the Pi cryptocurrency has been on many traders' radar lately, although the numbers aren't as bullish as they were a few months ago.

The project recently revealed that they completed major protocol migrations and have more changes in the pipeline. There's a whole theory in the community about what might happen around March 14 (the famous Pi Day), although honestly that already passed some time ago. Some speculated about major listings or announcements from the core team, but we already know how that ended.

What caught my attention is the price movement. The Pi cryptocurrency rose quite a bit recently, hitting local highs, but now it's more stable. A few days ago it was at $0.22-$0.23, now it’s around $0.17. Nothing catastrophic, but a notable correction.

What causes noise in the market is the flow of coins to exchanges. I’ve seen reports of millions of PI moving from personal wallets to trading platforms. This is usually interpreted as preparation to sell, although it doesn’t always mean an immediate drop. The RSI is also in an interesting territory, suggesting the asset might be exhausted after the previous rally.

This is not a prediction, just an observation. The Pi cryptocurrency still has its base of followers, but the momentum has shifted. We’ll be watching how it moves in the coming weeks.