Recent price fluctuations in Pi Network are drawing investor attention. Despite the price drop below the psychological level of $0.8 to $0.79, positive long-term expectations remain.
Token Unlock and Market Response
The upcoming token unlock by Pi Network is generating significant discussion. An expected 105.96 million new Pi tokens will enter the market within the next 30 days, translating to an average daily increase of 3.5 million in liquidity. This surge could exert pressure on prices in the short term.
Experts Discuss Risks and Opportunities
Expert commentary continues to serve as a vital resource for investors. Well-known Twitter analyst bullstraders7 highlighted the risk of Pi Network’s price dropping to $0.6. Some experts, however, view these declines as buying opportunities. Coinvo, for instance, pointed out strong buying signals indicated by RSI deviations, which might strengthen the likelihood of price recovery.
Long-term Prospects and Investor Sentiments
Long-term investors still believe in the project. The strength of the Pi Network community and potential use cases turn this downturn into an accumulation opportunity for some investors. However, it's recommended to act flexibly and cautiously according to supply increases and market sentiment.
Despite the price drop, the long-term prospects for Pi Network remain positive. Investors are advised to consider both the current sentiment and the project's fundamental indicators.
