Pi Token Under Pressure as Supply Rises, But Core Team Stays Confident
Main Idea
Pi Token's price has declined significantly, but the core team remains optimistic about its long-term potential despite analyst uncertainty and upcoming token unlocks.
Key Points
1. PI is down over 85% from its all-time high of $2.995, currently trading at $0.4411.
2. The Pi core team projects a bullish trend, with PI potentially trading between $0.55 and $3 from 2026 to 2030.
3. A double-bottom pattern has formed around the $0.4 price level, but breaking below this could trigger further declines to $0.35.
4. Analysts have mixed predictions for July, ranging between $0.31 and $0.45, highlighting market uncertainty.
5. Upcoming token unlocks will release 276 million Pi tokens (3.7% of circulating supply), potentially increasing selling pressure.
Description
PI is down over 85% from its all-time high of a few months ago. Bear pressure persists for Pi with a potential to continue in the short term. The Pi core team foresees a bullish trend in the long term. In the face of ongoing market uncertainty and a steep decline in its token value, the Pi core team has reiterated its confidence in the blockchain project as a top industry player. In its latest publication , the team highlighted Pi Network’s fundamental achievements, making optimistic projections...
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