Pi Network plummets 50% but still aims for $2.5? The great token unlock + long and short battle officially begins!

Pi Network has recently experienced a rollercoaster market! On May 13, it surged to a high of $1.70, only to plummet more than 50% in just two days, now barely standing at $0.81, struggling to survive. Its market cap has also dropped from $9 billion to $6 billion, and its ranking has temporarily fallen out of the top 20.

With a massive unlock approaching, can Pi hold on?

Pi Network is facing a tough battle. In the next 30 days, over 270 million Pi are expected to be unlocked, with a market value of approximately $230 million, averaging 9.1 million released daily. The most critical day will be May 28, when 15.1 million Pi will flood in, potentially bringing strong selling pressure.

Technical signals are subtle, the long and short game intensifies

Currently, the RSI is at 53, indicating neutral market sentiment, but the MACD has begun to emit a slight 'buy' signal, with bullish momentum faintly appearing. However, without significant good news, it will be quite difficult for Pi to return to $1.5 or higher.

Pi Network announces decentralization, can it stabilize morale?

Pi's official announcement of the permanent shutdown of the central coordinating node marks a step towards true decentralization. While this is a positive development, its impact is expected to be slow, depending on whether there are truly viable applications to follow through.

Aiming for $2.5? It depends on these conditions

Analysts state that if Pi attracts strong developers to create useful ecological applications and successfully lists on mainstream exchanges, hitting $2.5 by the end of the year is not a pipe dream. But before that, it must first overcome the 'unlock' hurdle!

Conclusion: Pi Network is undergoing a real test period; will it be reborn from the ashes or return to silence? The answer will be revealed within this month!