Pi Coin Lost 9% in a Week Amid Daily Token Unlocks — Key Support and Resistance Levels
2 Articles
2 Articles
Pi Coin Lost 9% in a Week Amid Daily Token Unlocks — Key Support and Resistance Levels
This decline comes as daily token unlocks continue to introduce substantial amounts of PI into the circulating supply, adding sell-side pressure to the market. Token Unlock Dynamics Between May 31 and June 6, daily unlocks ranged from 7.35 million to 12.5 million PI tokens, translating to dollar values between $5.08 million and $8.65 million. These consistent inflows of new tokens increase available liquidity but also raise the risk of short-ter…
Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
As summer begins, Pi Coin is struggling to find upward momentum. After peaking near $3 in February, the price has collapsed by over 75%, now hovering around $0.69. According to Dey There, investor sentiment has turned increasingly cautious amid bearish technical signals, high-volume token unlocks, and rising exchange inflows. Stuck in a Bearish Channel Pi Coin has remained trapped between $0.688 and $0.816 over recent weeks. All major short-term…
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