Pi Network Faces Continued Sell-Off Amid Token Unlock Concerns

Pi Network (PI) continues its downward trend, hitting $0.7012, its lowest since February 25, marking a 76% decline from its all-time high. This sell-off erased $14 billion from its market cap, dropping it from nearly $20 billion to $4.76 billion.

🔻 Key Factors Driving Pi's Decline:🔹 Upcoming Token Unlocks – Over 124M PI tokens will be unlocked this month, with supply dilution expected to increase.🔹 Rising Inflationary Pressure – Total circulating supply could reach 8.2B PI within a year, contributing to selling pressure.🔹 Lack of Major Exchange Listings – No Tier-1 exchange has listed Pi since the mainnet launch in February.

📊 Technical Outlook:Pi Network remains in a downtrend, trading below the 50-day moving average, signaling bearish control. However, a falling wedge pattern is forming, hinting at a potential reversal. If a catalyst—like a major exchange listing—emerges, PI could retest the $1.00 psychological level in April.

👀 Will Pi Network recover, or will selling pressure push it to new lows? Let’s discuss!

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