BTCC
/
BTCC Square
/
Global Cryptocurrency
/
PI Coin Surges 92% in 10 Days But Faces Bearish Chart Pattern
PI Coin Surges 92% in 10 Days But Faces Bearish Chart Pattern
20
3
[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.
By:
Previous
JPMorgan Adds GBP Support to Blockchain Payments Service Kinexys
Next
Beijing Urges End to US Tariffs, Citing Global Economic Shock Risk
