19.04.2025 #100 million Pi Network (PI) tokens are about to be unlocked. with a market value of about US$60 million. The price may fall further?

100 million Pi Network (PI) tokens are about to be unlocked, with a market value of about US$60 million. The price may fall further? Hello everyone, welcome to this issue of crypto market analysis. Today we are following the latest developments in the Pi Network (PI) tokens. 🔓 The unlocking wave is coming, and market pressure is intensifying. According to PiScan data, 100 million PI tokens will be unlocked in April, which is about US$60 million at the current market price. This could exacerbate the already weak market sentiment in the recent past and lead to further price declines. Among them, 9.5 million tokens will enter the circulation market today, worth about US$5.76 million. This is just part of the 1.56 billion PI tokens planned to be released in the next 12 months. 📉 Technical indicators show that the selling pressure is enhanced. From a technical perspective, multiple indicators show that the market is under selling pressure: BoP (buying and selling power indicator): Currently, it is negative value of 0.75, indicating that the seller is dominant. CMF (Chaikin Fund Flow Index): It has been negative since the price fell on February 26, and is currently -0.17, indicating that funds continue to flow out. These indicators together point to the short market sentiment and prices may continue to fall. 📊 Latest K-line chart analysis (insert the latest PI token K-line chart here to show price trends and key technical indicators) From the chart, we can see that the PI price is currently lower than the 20-day exponential moving average (EMA), which is at US$0.70, forming a dynamic resistance level. If the price fails to break through that resistance, it may continue to decline, and even test the all-time low of $0.40. However, if market demand rebounds, prices are expected to break through the 20th EMA and launch an impact on US$0.95. --- 📌Summary At present, PI tokens are facing supply pressure brought by unlocking, and technical indicators show that selling pressure is strengthened, prices may continue to fall. Investors need to pay close attention to market trends and operate with caution. If you like this analysis, please like, subscribe and turn on the notification bell. We will continue to bring you the latest crypto market trends! --- Please note that investment is risky and you must be cautious when entering the market. The above content is for reference only and does not constitute investment advice.