{"id":7804,"date":"2025-05-28T17:18:00","date_gmt":"2025-05-28T16:18:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=7804"},"modified":"2025-05-28T17:13:47","modified_gmt":"2025-05-28T16:13:47","slug":"pi-network-token-release-concerns","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/pi-network-token-release-concerns\/","title":{"rendered":"Pi Network Token Release Sparks Concern : Should You Be Worried ?"},"content":{"rendered":"\n

A Market in Constant Evolution<\/h2>\n\n\n\n

The world of cryptocurrencies<\/a> is constantly evolving, and Pi Network<\/a><\/strong> is no exception to this dynamic. Although the token has shown mixed performance<\/strong> recently, with the price stuck in a narrow range, investors are keeping a close watch on upcoming events.<\/p>\n\n\n\n

Currently, PI is trading<\/a> at $0.7504<\/strong>, up only 0.2%<\/strong> for the day. Over the past seven days, the token has fluctuated between $0.7406 and $0.8586<\/strong>. It is still 74%<\/strong> below its all-time high of $2.99<\/strong> recorded in February.<\/p>\n\n\n

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\"Pi
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

Despite this price stagnation, trading volume has seen a significant increase<\/strong>. Over $145 million<\/strong> has been traded in the last 24 hours. This is a 16.2%<\/strong> increase from the previous day. This increased activity reflects a renewed, albeit cautious, interest from market participants.<\/p>\n\n\n\n

However, the focus is primarily on the upcoming wave of PI token unlocks. On May 26, 10 million PI<\/strong> were released, followed by 12 million<\/strong> on May 27. But the largest release is scheduled for May 28. 15 million tokens will enter circulation in a single day.<\/p>\n\n\n\n

In the months ahead, this trend<\/strong> does not seem to be weakening. According to on-chain data, 263 million tokens will be unlocked in June, 233 million in July, and 132 million in August. This abundance of new supply could exert additional pressure<\/strong> on prices. Especially as data indicates that more and more holders are transferring their tokens to centralized exchanges.<\/p>\n\n\n\n

Mixed Technical Outlook for PI<\/h2>\n\n\n\n

From a technical perspective<\/a>, PI is trading in a narrow Bollinger band range<\/strong>, with support at $0.53<\/strong> and resistance at $1.15<\/strong>. Although the direction is still uncertain, the price’s middle position suggests low volatility<\/strong> and a coiling pattern, which often precedes a breakthrough.<\/p>\n\n\n\n

Momentum indicators are largely neutral. The relative strength index, at 48.36<\/strong>, indicates a lack of clear direction, while the stochastic RSI, at 18.16<\/strong>, suggests short-term overbought conditions. The MACD has displayed a bearish momentum by crossing below its signal line at 0.0047<\/strong>.<\/p>\n\n\n\n

Most short and medium-term moving averages are above the current price and continue to act as resistance<\/strong>. A significant volume and breakout above $0.85<\/strong> could pave the way for a move towards $1.00<\/strong> and eventually $1.15<\/strong>.<\/p>\n\n\n\n

Conversely, if the support at $0.74-$0.75<\/strong> is not held, PI could retrace to the psychological level of $0.70<\/strong>, with further downside risk to $0.65<\/strong> or even the lower Bollinger band at $0.53<\/strong>. Sustained selling pressure could be exacerbated by the significant excess supply from the upcoming unlocks.<\/p>\n\n\n\n

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Buy Pi Network on Bitget !<\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n