The price of PI tokens is under pressure due to increasing token unlockings. Approximately 337 million PI tokens will be released into the market in the next 30 days.

The Relative Strength Index (RSI) is currently at a level of 33.54. This indicates that demand is weakening and that there is an ongoing downward trend in the price of PI. Additionally, PI's Smart Money Index (SMI) has decreased by 10% in the last 30 days; this is an indication that institutional investors are withdrawing from the token.

Last Friday, the price of PI fell to an all-time low of $0.40. Although it closed slightly higher at $0.58 by the end of the day, the downtrend continued over the weekend and into the new week.

Increasing Token Unlockings and Weakening Institutional Interest Threaten PI's Recovery

In the coming period, increasing token unlockings complicate the expectation of a strong price recovery for PI. According to PiScan data, the market will be filled with approximately 337 million PI tokens worth about $185 million in the next 30 days. This increase in supply creates serious downward pressure on already fragile price movements.

Token unlocking processes mean that locked or earned tokens are gradually released into the market according to a predetermined schedule. This creates continuous selling pressure on PI and negatively affects liquidity and demand as the token is not yet listed on major exchanges like Binance or Coinbase.

Additionally, the declining RSI level indicates that demand is weakening and there may be further declines in prices. RSI is an indicator that ranges from 0 to 100; above 70 is considered overbought, and below 30 is considered oversold. The current value of 33.54 for PI indicates that momentum is weakening and the downtrend continues.

The Smart Money Index (SMI) of PI indicates that institutional investor interest has decreased. SMI assesses the movements of experienced investors in the market; it shows increasing confidence and buying when it rises, and decreasing confidence and selling pressure when it falls. Currently, the SMI is at a level of 1.28 and has declined by 10% in the last 30 days.

Ongoing Selling Pressure on PI Price

Since May 21, the price of PI has been below a continuously falling trend line. This indicates that the market is under the control of sellers and that prices are making lower highs over time. Thus, a significant recovery attempt is being hindered.

The continued staying of the PI price below this trend line indicates that hesitation among investors and a lack of demand persist. If this trend continues, the price could decline again to the $0.40 level and even lower. However, if there is a revival in demand, the PI price could rise to $0.65.

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