Few Days Left Until the End of Phase 2 of ZKP: Demand Explodes as PI and TAO Face Challenges

The cryptocurrency market continues to display divergent patterns in March 2026. While Pi Network battles selling pressure related to mainnet migration and Bittensor TAO resists in a zone of technical weakness, Zero Knowledge Proof is gaining increasing attention as Phase 2 approaches its end. The scenario illustrates how different projects experience distinct cycles, with some fighting for stability while others attract significant capital flows. Only days remain before ZKP’s initial opportunity window closes, creating genuine urgency among market participants.

Pi Network Falling: Mainnet and Continuous Sales Maintain Downward Pressure

The price of Pi Network revisits challenging levels, currently trading at $0.23 with a daily recovery of 3.73%. However, this slight improvement contrasts with the medium-term trend, where mainnet migration and successive selling flows keep the downward momentum. On-chain data (PiScan) shows that absorption levels on exchanges remain insufficient to neutralize the pressure from migrating over 33 million PI tokens to the mainnet.

Technical indicators suggest persistent fragility, with the asset significantly below its key moving averages (20, 50, and 200 days). This setup indicates that sellers maintain control in the medium term, while support levels nearby need to consolidate to reverse the negative sentiment. The combination of token mobility and an imbalance between supply and demand on exchanges creates a cautious environment for short-term investors.

Bittensor TAO: Technical Resistance and Selling Signals Dominate the Scene

Bittensor TAO is trading at $199.50, reflecting a 3.01% drop in 24 hours, despite a significant rebound from earlier levels ($156.70). This upward movement contrasts with technical indicators that continue to show structured selling momentum. The asset remains away from its main moving averages, signaling that the downtrend remains intact across multiple timeframes.

Technical oscillators — MACD, ADX, RSI, and Stochastic RSI — indicate oversold conditions, though this does not guarantee an immediate reversal. Technical resistance persists near $165, while critical supports around $149 need to hold to prevent accelerated losses. Development activity, including recent Staked TAO ETPs, provides some fundamental support, but regulatory uncertainties add risk to the short-term outlook. Traders are closely watching for any break of these key levels to determine next moves.

ZKP Counting Down: Days Left for Closure and Demand Explodes

The situation with Zero Knowledge Proof (zkPass) contrasts sharply with the challenges seen in PI and TAO. With only days remaining until the end of Phase 2, demand for tokens has surged notably, turning speculative interest into fierce competition for limited allocations. The project has already raised millions at a rapid pace, which analysts interpret as genuine validation of initial demand, unlike artificial spikes created by last-minute scarcity.

Supply dynamics act as an additional catalyst. During Phase 2, daily token allocations are limited to 190 million units, decreasing to 180 million in the next phase. As fewer days remain before the transition, competition intensifies and future access becomes more restricted. Informed investors seek to secure positions before availability diminishes further, creating a snowball effect on demand.

The current price of $0.08 reflects an early stage, but the accumulated momentum positions ZKP as one of the main options for exposure during the pre-sale phase. Unlike mature assets suffering cyclical corrections, zkPass’s tokenomics — with progressively tighter allocations — suggest that good-price entry windows could disappear quickly. The combination of transparent processes, accelerated fundraising, and supply limits creates an environment of genuine urgency.

Market Divergences: Who Thrives, Who Recedes

The March 2026 market clearly exemplifies how different projects navigate distinct cycles. Pi Network and Bittensor TAO face specific technical and sentiment challenges — migration and selling pressure in the first case, structured selling momentum in the second. These dynamics reflect market maturation, where established tokens must deal with complex supply/demand realities and institutional expectations.

Meanwhile, Zero Knowledge Proof embodies an early-stage opportunity with genuine demand and supply limits that amplify relative scarcity. With only a few days left before this window narrows further, timing truly matters for those assessing exposure. The divergence among these scenarios highlights how timing and project selection remain critical factors in crypto market allocation strategies.