PI Network price faces three key risks in front of Pi Day

PI Network remains in the deep bear market and faces significant risks before the many planned Pi Days.

PI coin (Write) He dropped over 45% of his highest level in February, bringing his market hat to over $ 11.7 billion and fully diluted to $ 164.35 billion.

Token will be in the center of attention on Friday, while the world celebrates Pi Daywho recognize a mathematical constant constant π (PI). Pi Day is marked 14. Marta every year, harmonization with PI (3.14). This event could cause increased interest in token.

However, PI Network faces several potential risks that may affect its price in the coming days.

First, popular exchanges Tier-1 has yet to indicate and after becoming one of the largest coins in the crypto industry. Binance, which had a popular Survey on Pi Network List He did not confirm when it would happen.

Other major platforms like a twin, Kraken, Upbit and Coinbase also did not specify the pionac. The list on coinbas and Kraken will open the token to the American market, while the Upbit will increase its exposure in South Korea.

Second, the PI network faces significant risks of dilution in the future, because its circulating offers is 7.1 billion of a total offer of 100 billion. Over 188 million new tokens will be published this month, while over 1 billion will be published later this year. Unlocking tokens are bears because they represent new tokens, which lead to dilution.

PI Network price formed two risk forms

Third, there are signs that the price of PI coins formed two risk forms that can lead to no longer brought in the next week. He formed a head and shoulders, which often leads to more missing. This form is composed of head, two shoulder and neckline.

Recently, the token formed a pattern pattern of wedge, a popular bear sign. This pattern consists of two ascending and convergent trendline, and a malfunction occurs when they are close to their estuary.

Therefore, there is a risk that the token will fall, it is potentially moving below the psychological point to $ 1.