Pi Network don reach new low as big PI token unlocks fit cause further fall
Pi Network PI token don drop reach new low after market sharply correct, now e dey trade near all-time low. On-chain data (PiScan) and project schedule show say big, concentrated token unlocks dey come in the next days: about 18.9M PI, 23.6M PI and 16.9M PI for three consecutive dates — plenty pass previous monthly releases and the recent ~8.5M monthly average. Combine with earlier report wey talk say PI don lose over 90% from peak, the new unlock schedule go increase circulating supply by tens of millions tokens inside short time. Token unlocks go make those coins immediately tradable so dem fit cause strong sell-side pressure while demand weak and market sentiment negative. Technicals before been bearish: PI dey trade below major EMAs and key support (around $0.152), with RSI for oversold — this one mean limited near-term downside but higher volatility until supply pressure reduce. Potential Kraken listing dey roadmap and if dem confirm am e go be big bullish catalyst, because exchange listings fit sharply boost liquidity and demand. For traders: expect more volatility and possible further downside for PI short-term. Monitor on-chain unlock dates and flows, exchange deposit/withdrawal movements, order-book depth, and any official exchange listing announcements. Key short-term support dey near recent lows (~$0.13–$0.152); you need confirmed major exchange listing or sustained reclaim of $0.152 to flip momentum upward.
Bearish
Di kombain ripot dem dey show say di outlook for PI na mostly bearish. Big, concentrated token unlocks go increase di short-term circulating supply sharply by tens of millions of PI, and unlocked tokens fit dey tradable immediately — this one dey raise di chance say sellers go put pressure while demand dey weak. Di technical indicators wey dem mention (price under key EMAs and support, RSI for oversold) dey confirm near-term downside risk and higher volatility. Even though oversold condition fit limit immediate losses and confirmed major exchange listing (e.g., Kraken) for be strong bullish catalyst, e never confirm yet. So di immediate price impact likely negative: traders suppose expect elevated volatility, possible continued price drops toward recent lows (~$0.13–$0.152), and close attention to on-chain flows and any exchange-listing news wey fit reverse di trend.