Pi Network's been stuck in a holding pattern for 11 straight days above $0.2565, and honestly? The buzz is kinda dead. Even after co-founder Nicolas Kokkalis announced DEX, AMM pools, and token tools hitting the testnet post-Token2049, the market just went "meh." Here's what's actually happening: 13 million PI dumped from exchanges in 24 hours (that's 3% of CEX supply), but the price still won't budge. The thing is, only 5.24% of all circulating PI sits on exchanges right now—most of it's offline, which means there's still a ton of selling pressure lurking. Smart contracts are getting rolled out, Stellar's blockchain is upgrading to protocol 23, real DeFi is finally here... and yet traders are just consolidating. The chart's at a crossroads: hold above $0.2565 and we might see a bounce toward $0.2796 or even $0.3000. Break down though, and $0.2000 comes into play. After a 6% drop on Sept 26, momentum's the real question now. If retail interest keeps tanking, this consolidation could get ugly.

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