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Analysis: Pi Network Token (PI) Price Under Pressure, Short-Term Outlook Weak
Summary: According to TokeNews, Pi Network (PI) price has dropped by 0.73% in the past 24 hours, currently trading at $0.43-0.44. Over 2 million PI tokens have flowed into exchanges in the past 24 hours, increasing market supply by 0.25%. Technical indicators show a bullish crossover in MACD, but RSI remains in oversold territory at 35.85, ...
According to TokeNews, Pi Network (PI) price has dropped by 0.73% in the past 24 hours, currently trading at $0.43-0.44. Over 2 million PI tokens have flowed into exchanges in the past 24 hours, increasing market supply by 0.25%. Technical indicators show a bullish crossover in MACD, but RSI remains in oversold territory at 35.85, indicating significant short-term downward pressure. This month, Pi Network plans to unlock 2.33 billion tokens, which could exacerbate selling pressure if market demand does not increase simultaneously. The project team has stated they will accelerate mainnet and ecosystem development to boost market confidence.
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Link: Analysis: Pi Network Token (PI) Price Under Pressure, Short-Term Outlook Weak [Copy]
