PI network, print and market uncertainty lock and slide below $ 0.60 in the middle of Cryptomode
The Pi Network (PI) continues to spare downwards, the coin is currently trading at $ 0.5869 – surprisingly from the highest level of February about $ 3 from the highest level of 81%. Over the last three months, the price has stables and decreased with the lack of early excitement, uncertainty, frustration and key change support around the project.
Only in the last 24 hours, the PI fell by 2.3%and tested its support levels of around $ 0.54. Currently, with more than 6.8 billion coins and a completely diluted valuation of over $ 6 billion, concerns about dilution of dilution are growing lusty. Analysts point to the continuous opening of coins as a major drag on the price. Recently, more than 126 million PI lock has been opened and more than 1.5 billion to be released in 2025.
Technically, the graph remains weak. The PI is traded under the key moving averages and does not show a significant sign of reversal. RSI indicators are sold in depth, but followed an important leap. According to Coingecko data, it lost about 70% of the coin value.
In the meantime, MACD remains strict in the fall zone, lower heights and lower lower ligaments strengthen the downward trend. Any significant improvement will require a clean break over $ 0.70 to read the next resistance close to $ 0.90 – but so far bulls have not emerged.
A broader problem with haunting the project is that it cannot secure lists in large stock exchanges. Binance’s PI Network added the ‘Voting to Liste’ campaign to concerns about legal harmony and transparency. The enthusiasm of the community – which was fully displayed during pifest – has not been translated into price support.
PI Network Mining Incentives User Trust Beans Bearing
Furthermore, the mining rate of the network decreased by 38% to 0.0029 pi/hour since the Mainnet launch. While this can theoretically increase long -term famine, in the current environment, users are essentially disappointed that they see the value of mined coin.
When confidence is shaken and the lack of recent catalysts, the PI network is under intense pressure. The upcoming open Mainnet launch can offer a life line, but a significant recovery in the short term is unlikely to be real benefit, without faster KYC presentation and strategic partnerships. For now, Pi Network’s price action reflects a harsh market reality: the vision alone will not stop bleeding.
