Pi Network (PI) Faces Critical Juncture: Unlock Statistics May Spark Volatility Amid 80% Decline
Pi Network (PI) continues to underperform despite broader crypto market resilience, with analysts identifying a potential inflection point. The token currently trades near $0.61 after breaking below its 21-day moving average, signaling short-term bearish momentum.
Fundamental pressures exacerbate technical weakness. Since February’s Open Network launch and subsequent surge to $3.0, PI has plummeted 80% amid sustained token unlocks. market participants are now closely monitoring unlock statistics as a potential catalyst for increased volatility.