Pi Network (PI) Crashes by 70% in 2 Months: Is There Any Hope Left?
2025-07-08 11:36:47
Main Idea
The PI token has experienced a significant price drop since mid-May, with potential further declines in the short term, while the community remains divided on its future prospects.
Key Points
1. The PI token's price has fallen by approximately 70% since mid-May, currently valued at around $0.45.
2. Around 16.4 million PI tokens are scheduled to be unlocked on July 10, which may impact the token's supply and price.
3. The community is divided on PI's future, with some seeing it as having hit 'rock bottom' while others remain optimistic about potential price surges.
4. The asset's Relative Strength Index (RSI) has dropped to almost 30, indicating potential oversold conditions.
Description
TL;DR PI has plunged by double digits since mid-May, with millions of tokens set to unlock soon. This looming influx increases the selling pressure, which could be among the main factors behind the continued decline. While some analysts predict further losses, others remain optimistic and expect a surge toward $5. Meanwhile, PI’s RSI has dipped to near 30, signaling oversold conditions, which could be a precursor of a bullish reversal. PI’s ‘Main Problem’ Pi Network’s PI remains one of the poore...
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- Pi Network (PI) Crashes by 70% in 2 Months: Is There Any Hope Left?2025-07-08 11:36:47