Is Pi Coin going to reach one dollar? Or is a crash on the way? The market is filled with tension!

The current price of Pi Coin is $0.5883, down over 80% from its historical high. Nevertheless, its market capitalization still stands at $4 billion. Recently, the price has remained almost flat, with sluggish trading volume, indicating that the market has entered a 'accumulation phase'—this is the 'calm' before a rise according to Wyckoff theory.

However, the wave of token unlocks is intensifying selling pressure, with 10.4 million Pi unlocked today alone. In May, 231 million coins are expected to be unlocked, followed by 222 million in June, and over 1.4 billion Pi is expected to flood the market in the coming year, totaling more than $850 million. With the surge in supply, the market is clearly under pressure.

On the positive side, HTX hinted that Pi may go live, and other platforms such as Binance have also been found to be testing related pages, although the official confirmation is still pending. If Pi does list on mainstream exchanges, it could usher in a turning point, enhancing liquidity and trust.

Although the dream of 'Pi = $314159' is unrealistic, if the price breaks through $0.7932, the $1 mark may not be out of reach. Do you think Pi can withstand the selling pressure storm and achieve a comeback?