🦥 Pinetwork has once again broken through 0.6 and is heading towards 0.4, the final support level.

If the support at 0.4 is breached, the price of $PI could drop to 0.3 - 0.2 - 0.1 or some level that no one can predict. Therefore, everyone should have a reasonable risk management plan.

🔎 Recently, the FOMO with $PI has decreased significantly along with the price, trading volume has dropped from over 3B when the Pi price was around $3 to just below 100M now.

Those who FOMOed early have seen their investments shrink by two-thirds or more, causing their money to dwindle along with their trust over time and the price trajectory.

The price of $PI has also been in a sideways range around 0.6, no longer in a continuous downtrend like the period from $3 to 0.4.

👉 Therefore, it is possible that 0.4 has become the bottom for Pi, or if it breaks, it is unlikely to go down too deep again.

But the important thing is that time does not allow everything to be delayed too long. There will come a time when the project will have to unlock for those who are waiting and have not been paid Pi at all.

🧨 This is quite a significant issue because if the delays continue and the price does not increase, it will cause the community to lose faith in the project. If they start paying out Pi, it will increase the circulating supply and create selling pressure because not everyone who is paid will continue to lock or hold. Moreover, once they receive Pi, people will likely buy less.

📌 We cannot know where the price of Pi will drop to before it stops, nor can we predict when it will increase again.

Therefore, everyone should have an investment plan and appropriate risk management instead of jumping into any boat. As long as there is money, there is opportunity; but if you go all-in and the opportunity arises later, you will feel powerless.

📎 This is just my personal opinion; no one can predict anything, so I don't dare to advise anyone. If anyone wants to buy, just go ahead, or else you might blame it for hindering your wealth 😅.

What do you all think? Please feel free to contribute your opinions in the comments below.