PI Network Price Stalli Stalli in Adsid Trading Oposa

PI network token shows a bad momentum because its price and scope of trading still fall.

According to the data from the CRIPTO.NEVS price tragerPI Network (Write) The trading volume was over 35% in the last 24 hours, at about 46.8 million dollars. This is a significant reduction of over 800 million dollars at the beginning of the Mainet store.

Pi currently traded by about $ 0.59, 80% below their top of $ 2.99. In the past month, the token fell 11.4%, continuing a gradual decline that does not appear soon. In a shorter time frame, in the last 24 hours, 3.3% and 0.1% reduced in the last 24 hours.

The key reason of the drop is supply pressure. According to the screet dataThe network is set to unlock 231 million new PI tokens in May and another 222 million in June. During the next year, over 1.4 billion tokens, worth over $ 850 million, will enter the circulation. Due to the fall of demand and fewer local liquidity, this supply pressure can lead to further price drop.

The PI network faces operational and structural issues in addition to the challenges of tokenomy. The delays in verification from your users remain major bottlenecks, and millions of users continue to wait. In the update published 2. Maja, Verified users can now activate Mainnet wallets without full migration, potentially relieving some user frustration.

In terms of listPi is still unavailable on popular exchanges like bynance and waite. Although trading is available on the OCCS, Bitget and MEXC, a failure such as Bitmart’s Trading Pause and HTX’s outdated the underrun market trust.

The online development offers all promising Outlook. It is expected to release the SDK until June, which could facilitate the development of decentralized third-party applications and increase the actual activity on the chain.

On the technical page, PI is traded aside just below the resistance to $ 0.60 with mixed signals from the Momentum lamp. The relative power index is 40.87, which suggests that the market is weak, but not resale.

PI was constantly hovering below all significant average moving from 10- to 50-day span, indicating that the entire trend is still down. Currently, 20-day simple movement of average to $ 0.62 acts as imminent resistance.

A short-term recovery of $ 0.67 is possible if the price can be broken up and holds a level of $ 0.62. However, given the importance of the upcoming token unlocking and constant lack of institutional interest, the decline below $ 0.56 can cause PI to test new falls.