From the chart, it can be seen that on the 21st, there was nearly 20 million PI unlocked, and today there has been a large amount of selling pressure. On the 22nd and 23rd, nearly 12 million was unlocked daily, resulting in significant selling pressure. On March 2nd, I mentioned that at that time, before any unlocks, with a circulating supply of 1.7 billion, there would be support around 1.6. After hovering around 1.6 for a few days, it made a false breakout upwards, breaking 1.7, and the situation has been declining since then. The next support level to watch is around 0.5. If this level cannot hold, it will definitely break below 0.1.
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