罗侯
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According to current market dynamics and on-chain data, Pi Network (PI) is facing multiple challenges recently, with significant divergence in short-term trends.
1. Unlocking pressure and selling risk.
In the next 30 days, 272 million PI (valued at approximately $540 million) are planned to be unlocked, combined with the current daily circulation of 9.05 billion, short-term selling pressure may intensify.
Historical data shows that the price once plummeted by 80% in a single day due to a liquidity trap at the beginning of the mainnet launch. If this large-scale unlocking triggers a chain reaction, it is not impossible to fall below the psychological barrier of $1.
2. Technical pressure is evident.
The current price is fluctuating between $1.38 and $1.45, continuously constrained by the 200-hour EMA ($1.49) and the strong resistance level of $1.70 at the daily level. If it cannot hold above the support level of $1.05, it may trigger stop-losses and accelerate the decline. However, the ADX indicator has dropped from 37.5 to 16, indicating a weakening of selling momentum.
3. Binance listing expectations are a key variable.
Although the Binance listing vote received 86% support, the exchange's review process is complicated. Any delays or rejections could trigger a secondary sell-off.
Conversely, if it successfully lists on Binance, improved liquidity may drive the price to challenge $3.5.
4. Market sentiment is polarized.
Bullish investors are betting on the mainnet upgrade on March 14 and Zito Realty accepting PI payments as positive news, while bears are concerned about the unlocking wave and the lagging ecosystem (currently only 127 dApps). The current long-short ratio is 0.83, indicating that the market remains cautious.
Personal opinion: The probability of falling below $1 in the short term is >50%, but if it can hold the support at $1.05 and successfully list on Binance, a rebound to the range of $2.5-$3 is expected.
It is recommended to observe the announcement of the mainnet upgrade on March 14 and the dynamics of the exchanges, and to participate cautiously in the game before the unlocking wave.#PiCoreTeam
If you want to delve into the cryptocurrency space but can't find a clue, and want to quickly learn about information asymmetry, click on the avatar to follow me and gain firsthand information and in-depth analysis!
1. Unlocking pressure and selling risk.
In the next 30 days, 272 million PI (valued at approximately $540 million) are planned to be unlocked, combined with the current daily circulation of 9.05 billion, short-term selling pressure may intensify.
Historical data shows that the price once plummeted by 80% in a single day due to a liquidity trap at the beginning of the mainnet launch. If this large-scale unlocking triggers a chain reaction, it is not impossible to fall below the psychological barrier of $1.
2. Technical pressure is evident.
The current price is fluctuating between $1.38 and $1.45, continuously constrained by the 200-hour EMA ($1.49) and the strong resistance level of $1.70 at the daily level. If it cannot hold above the support level of $1.05, it may trigger stop-losses and accelerate the decline. However, the ADX indicator has dropped from 37.5 to 16, indicating a weakening of selling momentum.
3. Binance listing expectations are a key variable.
Although the Binance listing vote received 86% support, the exchange's review process is complicated. Any delays or rejections could trigger a secondary sell-off.
Conversely, if it successfully lists on Binance, improved liquidity may drive the price to challenge $3.5.
4. Market sentiment is polarized.
Bullish investors are betting on the mainnet upgrade on March 14 and Zito Realty accepting PI payments as positive news, while bears are concerned about the unlocking wave and the lagging ecosystem (currently only 127 dApps). The current long-short ratio is 0.83, indicating that the market remains cautious.
Personal opinion: The probability of falling below $1 in the short term is >50%, but if it can hold the support at $1.05 and successfully list on Binance, a rebound to the range of $2.5-$3 is expected.
It is recommended to observe the announcement of the mainnet upgrade on March 14 and the dynamics of the exchanges, and to participate cautiously in the game before the unlocking wave.#PiCoreTeam
If you want to delve into the cryptocurrency space but can't find a clue, and want to quickly learn about information asymmetry, click on the avatar to follow me and gain firsthand information and in-depth analysis!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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