#PI# The native Token of the PI network, $PI, has recently performed poorly, dipping below $0.35, setting a new historical low (. As of writing, the price of $PI is $0.3578), attracting widespread follow from the Crypto Assets community. What concerns investors even more is that 150 million $PI Tokens worth approximately $64 million will be unlocked and enter market circulation in the next 30 days.

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Is the myth of PI broken? Technical indicators have all turned bearish! The unlocking of believers may lead to the coin price continuing to hit new lows.
The price dipped to a historical low, with 150 million tokens unlocked applying pressure.
The native Token of PI, $PI, has recently performed poorly, dipping to $0.35, setting a new historical low of (. As of the time of writing, the price of $PI is $0.3578), attracting widespread follow from the Crypto Assets community. Even more concerning for investors is the expectation that approximately $64 million worth of 150 million $PI Tokens will be unlocked and enter market circulation in the next 30 days.
Although PI has risen by 4% in the past 24 hours, recovering to $0.36, the market trend is still dominated by bearish sentiment. Technical analysis shows that this brief rebound lacks sufficient volume support, with trading volume decreasing by nearly 30% in the past day, currently around 112 million. The negative divergence phenomenon of price increase but volume decrease indicates that upward momentum lacks substantial buying support.
Market rumors suggest that another 276 million PI will soon be unlocked. Following the unlocking of 8 million PI in May this year, the price of PI immediately dropped by 25%. Given the lackluster trading activity and insufficient liquidity, PI may struggle to withstand such a large increase in supply.
The technical indicators are completely bearish, with the Parabolic SAR forming resistance.
From a technical perspective, all indicators for $PI show clear bearish signals. The points of the Parabolic SAR are located above the price, which is $0.47, forming a dynamic resistance level. When the points of the SAR indicator are above the price, it indicates that the market is in a downtrend, suggesting that bearish momentum is still ongoing.