🪙 Pi Network at a Crossroads — Whale Buys While Selling Pressure Rises 🔍
$PI is struggling to stay afloat amid rising CEX balances and token unlocks — but one whale just went big.
📉 Current Market Outlook:
Price falls 2%, trading near $0.4460 key support
Failed to follow the broader altcoin rally led by $BTC
MACD below zero, rising red histogram — bearish momentum
📊 Supply Pressure Builds:
Over 737K PI tokens added to exchanges in 24h 📈
385.21M PI currently held on CEXs
Unlock schedule:
🔓 July: 137.85M PI
🔓 August: 138.83M PI
🐋 Whale Activity:
A bold investor scooped up 5.3M PI ($2.38M) in just 3 days — betting on a turnaround while retail sells.
📉 Key Levels to Watch:
🔻 Support: $0.4460, then $0.400
🔺 Resistance: $0.473, then $0.500
⚠️ If $PI closes below $0.4460 on the 4H chart, downside risk increases.
🧠 Are we seeing smart money accumulate? Or more downside to come?
