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Pi Network Braces for Major Token Unlock as Price Swings Continue
Pi Network Braces for Major Token Unlock as Price Swings Continue
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin’s market stability faces a critical test with its largest token unlock event approaching in the next 30 days. The cryptocurrency has struggled to maintain momentum after an initial surge, with prices dropping from $1.67 to $0.77 at current levels.
Historical data reveals extreme volatility: Pi launched at $3 before crashing 80% to $0.60 on its first trading day, then rallied back to $3 within 34 days. This recovery proved temporary as early investors took profits at the peak, creating persistent sell pressure.
Technical analysis identifies key resistance levels at $0.94, $1.20, and $1.66. Traders are watching whether the upcoming unlock could push prices toward the $0.65 support level, potentially retesting the asset’s all-time low.
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