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Pi Network Faces Critical Test: Can PI Price Withstand 275M Token Unlock After 28% Drop?
Pi Network Faces Critical Test: Can PI Price Withstand 275M Token Unlock After 28% Drop?
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s price has dropped 28% to $0.84, significantly lower than its recent peak of $1.56. Despite this, technical indicators show bullish potential, with the token breaking above its 50-day moving average and exceeding Bollinger Bands—a strong volatility signal.
According to CoinGecko, PI has gained 151% this week, but upcoming token unlocks pose a major challenge. Over the next month, 275 million PI tokens will enter circulation, including a 12.8 million release today (May 15). The crypto community is closely watching to see if Pi Network can maintain its momentum amid these inflationary pressures.
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