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Bullish
🔮 Pi Network Gains Ground — But Is a July Dump Lurking?
Pi Network rises after six days of losses, below $0.50.
The AI-powered Pi App Studio release on Pi2Day doesn't inspire optimism.
For July, Pi Scan predicts 19.2 million tokens to be released, raising supply drop risk.
After six bearish candles, Pi Network (PI) recovers 1% at press time on Wednesday. The technical picture is gloomy ahead of July's largest token unlock, and emotions are quiet after Pi2Day.
Largest Pi Network token unlock in July
PiScan data suggests that July 4 will unlock 19.2 million PI tokens, the greatest unlock of the month. Most token unlocks increase market supply, raising the danger of a sell-off in the days following.
As reported by FXStreet, July's token unlocks totaled 268.4 million PI tokens, the greatest monthly unlock till October 2027.
AI-powered no-code Pi2Day launched Pi App Studio.
Pi Network launched Pi App Studio, a no-code platform to expand its ecosystem, on Saturday's anticipated Pi2Day. Staking Pi tokens on the mainnet using Ecosystem Directory Staking boosts app rankings.
The Pi2Day announcements did not improve Pi Network's spot market performance despite other modest changes.
Pi network might lose $0.40.
Pi Network rises over 1% on Wednesday following six days of losses. Pi Network reached $0.6667 last week before surrendering gains and growing 5.94%.
The losing trend is nearing its lowest price of June 22 at $0.4711. A daily close below it might prolong the drop below $0.4000, a support level hit twice, on April 5 and June 13.
A daily close below $0.5031 is the lowest since February, raising the odds of a collapse below $0.4711.
If the market rebounds, PI may revert to $0.6600, the May 17 bottom, with a lower shadow candle.
#Pi #pi #PiNetwork #TrumpVsMusk #Write2Earn $SOL
Pi Network rises after six days of losses, below $0.50.
The AI-powered Pi App Studio release on Pi2Day doesn't inspire optimism.
For July, Pi Scan predicts 19.2 million tokens to be released, raising supply drop risk.
After six bearish candles, Pi Network (PI) recovers 1% at press time on Wednesday. The technical picture is gloomy ahead of July's largest token unlock, and emotions are quiet after Pi2Day.
Largest Pi Network token unlock in July
PiScan data suggests that July 4 will unlock 19.2 million PI tokens, the greatest unlock of the month. Most token unlocks increase market supply, raising the danger of a sell-off in the days following.
As reported by FXStreet, July's token unlocks totaled 268.4 million PI tokens, the greatest monthly unlock till October 2027.
AI-powered no-code Pi2Day launched Pi App Studio.
Pi Network launched Pi App Studio, a no-code platform to expand its ecosystem, on Saturday's anticipated Pi2Day. Staking Pi tokens on the mainnet using Ecosystem Directory Staking boosts app rankings.
The Pi2Day announcements did not improve Pi Network's spot market performance despite other modest changes.
Pi network might lose $0.40.
Pi Network rises over 1% on Wednesday following six days of losses. Pi Network reached $0.6667 last week before surrendering gains and growing 5.94%.
The losing trend is nearing its lowest price of June 22 at $0.4711. A daily close below it might prolong the drop below $0.4000, a support level hit twice, on April 5 and June 13.
A daily close below $0.5031 is the lowest since February, raising the odds of a collapse below $0.4711.
If the market rebounds, PI may revert to $0.6600, the May 17 bottom, with a lower shadow candle.
#Pi #pi #PiNetwork #TrumpVsMusk #Write2Earn $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
