CoinVoice has learned that, according to TokeNews, data shows that the price of Pi Network (PI) has decreased by 0.73% in the last 24 hours, currently reported at $0.43-$0.44.

In the past 24 hours, over 2 million PI tokens have flowed into exchanges, increasing market supply by 0.25%. Technical indicators show that although the MACD has shown a bullish crossover, the RSI remains in the oversold zone at 35.85, indicating significant short-term downward pressure.

This month, Pi Network plans to unlock 233 million tokens. If market demand does not increase accordingly, it may further exacerbate selling pressure. The project team stated that they will accelerate the development of the mainnet and ecological applications to boost market confidence.[Original link]