Analysis: Pi Network Token (PI) Faces Price Pressure and Short-Term Weakness

According to ChainCatcher, citing TokeNews, data shows that the price of Pi Network (PI) has dropped 0.73% in the past 24 hours, currently trading at $0.43–$0.44.

Over the past 24 hours, more than 2 million PI tokens have flowed into exchanges, increasing market supply by 0.25%. Technical indicators show that although the MACD has formed a bullish crossover, the RSI remains in the oversold zone at 35.85, indicating significant short-term downward pressure.

This month, Pi Network plans to unlock 233 million tokens. If market demand does not rise accordingly, selling pressure may intensify further. The project team stated that they will accelerate mainnet and ecosystem application development to boost market confidence.