Pi Network is under pressure from falling prices and uncertainty. Overview of the current situation and future predictions.
Price State and Predictions
Recently, the price of the Pi token has hovered near the $0.50 mark, positioning it close to its all-time low of $0.40. This sharp decline raises concerns among token holders.
Technical Indicators and Pressure
Indicators such as the Relative Strength Index (RSI) are at 35, suggesting oversold conditions. Technical signals also show signs of bullish pressure building. The squeeze momentum indicator begins to show black dots, indicating potential consolidation before a price movement.
Risks and Upcoming Events
A key event for the Pi Network community will be the celebration of Pi2Day on June 28. However, there is also the risk associated with the unlocking of 337 million tokens, which may add pressure to the price. If price levels cannot be maintained, further declines are possible.
Pi Network finds itself in a challenging market with price volatility and potential risks ahead. Upcoming events will be crucial in influencing public sentiment and price stability.
