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Pi Network’s PI Token Shows Bearish Signals Amid Upcoming Supply Release
Pi Network’s PI Token Shows Bearish Signals Amid Upcoming Supply Release
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network (PI) is facing heightened sell pressure as upcoming token unlocks risk increasing market supply. The cryptocurrency has been range-bound between $0.59 and $0.67 since mid-April, but technical indicators now point to potential downside.
PI recently tested range support at $0.58, with momentum indicators turning bearish. The RSI sits at 38 (below neutral 50), while the MACD shows fading bullish momentum.
Investors remain cautious as dilution concerns from future token releases impact sentiment. The project’s mobile mining feature, once a retail favorite, now faces its first true market test with increasing circulating supply.
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