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Pi Network at Crossroads: 20% Drop Looms Despite Bullish Momentum
Pi Network at Crossroads: 20% Drop Looms Despite Bullish Momentum
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Three months after its highly anticipated open mainnet launch, Pi Network has reached significant milestones, including breaking into the top 20 cryptocurrencies by market capitalization. Boasting over 60 million users and increasing social media engagement, the project initially maintained price stability through expanding real-world adoption and exchange listings.
However, recent market volatility and substantial token unlocks have introduced heightened risk. While the PI token’s recovery from the $0.7 support level indicates potential reversal, bearish technical signals persist. Analysts are debating whether bullish sentiment can outweigh mounting liquidity pressures to prevent a possible 20% correction.
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