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PI Token Faces Resistance at $0.40 as 167M Token Unlock Nears
PI Token Faces Resistance at $0.40 as 167M Token Unlock Nears
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's price struggles to hold above $0.40, dropping 3.2% to $0.384 as investors brace for significant token unlocks. Despite a 5.87% weekly gain, market sentiment remains cautious with 167 million Pi tokens (2.1% of circulating supply) set to unlock within 30 days—including a notable 10 million token release on August 16.
Exchange reserves now hold 411 million PI tokens (highest since February 2025), raising liquidation risks. Thin liquidity—evidenced by $66.44M daily trading volume—heightens slippage concerns. The $0.40 resistance level reflects trader skepticism, with short positions unwinding as PI tests the 23.6% Fibonacci retracement level.
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