PI Coin Surges 92% in 10 Days But Faces Bearish Chart Pattern

BTCC / BTCC Square / Global Cryptocurrency /

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2025-04-14 13:47:52

[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News - Pi Network’s price has rebounded sharply over the past ten days, soaring 92% from its yearly low. The tap-to-earn cryptocurrency PI reached $0.755 on April 14 - its highest level since March 29. However, technical analysts warn a concerning chart pattern suggests potential downside risk. Prior to this recovery, PI faced sustained selling pressure from early adopters (’Pioneers’) and market concerns about upcoming token unlocks. Notably, more than 1.56 billion PI tokens are scheduled to enter circulation within the next year, potentially creating significant supply dilution.

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