Pi Token Dey Face Ongoing Resistance for $0.9 Amid Volatility, Weak Utility, and Anticipated Token Unlocks
Pi Network token (PI) dey struggle to maintain recovery after sharp drop, despite recent price and trading volume surge. After 20% price jump and 150% increase for daily trading activity, PI still dey under critical $0.9 resistance level and far from all-time high. Technical indicators show mixed outlook: MACD still positive plus small buy signals, but e show say buying momentum dey weak, demand low and some sell signals dey. Many big wahala still dey like low market depth, delay for mainnet migration, slow KYC verification and no major exchange listings like Binance and Coinbase. Speculative interest still dey dominance, no plenty real-world use or strong DeFi activity dey support token. One big risk na di upcoming unlock of 1.47 billion PI tokens for next year, fit cause more selling pressure if demand no increase or token burn no happen. Regulatory concerns and centralized governance issues still open. Traders suppose dey monitor sharp technical resistance for $0.9, liquidity trends, and sentiment changes—especially as external things like Bitcoin price fit cause volatility. Risk management important as both upside and downside fit happen for PI short term.
Neutral
Pi token price and trading volume recent jump show say traders dey interested again, but e momentum dey weak as resistance at $0.9 never break. Technical indicators split, some dey show say recovery fit happen, others dey warn say demand dey go down and e fit cause people to sell. Key fundamental problems — like small market size, slow mainnet and KYC progress, and no major exchange listing — dey hold strong upward move. The upcoming unlock of 1.47 billion PI tokens fit cause more selling unless new people start to want am. As speculative moves dey dominate and real use no strong, traders suppose dey careful and put risk management first. Balance between possible rise and fall risk justify neutral view for PI short term.