PI網絡（PI）顯示了5月以後恢復的跡象

在5月經歷了湍流時期後，PI網絡（PI）顯示出恢復的跡象。

Pi Network (PI) is showing signs of recovery after experiencing a turbulent period in May. The cryptocurrency, which had plunged nearly 50% from May 12 to May 17, hitting a low of $0.69, has begun to rebound on the price charts.

PI Network（PI）在5月經歷了湍流期後顯示出恢復的跡象。從5月12日至5月17日起，加密貨幣跌至近50％，跌至0.69美元，已經開始在價格表上反彈。

At the time of writing, PI trades at $0.84, marking an 8% increase in the last 24 hours and a 30% gain over the past month. This recovery comes after a difficult period for the token. Daily trading volume has surged more than 150% to $548 million, indicating renewed market interest in the cryptocurrency. However, PI still sits 77% below its all-time high of $2.99 established in February.

在撰寫本文時，PI的交易價格為0.84美元，在過去的24小時內增長了8％，過去一個月增長了30％。在令牌艱難時期之後，這種恢復是出現的。每日交易量飆升了150％以上，至5.48億美元，表明加密貨幣的市場興趣增加了。但是，PI仍比2月建立的2.99美元的歷史最高高點低77％。

The technical outlook for PI presents a mixed but cautiously optimistic picture. The relative strength index sits in the neutral range at 54, meaning there is neither an overbought nor oversold condition present. Momentum indicators like the moving average convergence divergence show some weakness, displaying sell signals. However, the major moving averages for the 10, 20, 30, and 50-day periods are all trending upward.

PI的技術前景呈現出混合但謹慎的樂觀圖片。相對強度指數位於中性範圍為54，這意味著既不存在過多也沒有過多的狀況。諸如移動平均收斂差異之類的動量指標顯示出一些弱點，顯示出賣出信號。但是，10、20、30和50天的主要移動平均值都向上趨勢。

Chart by Benzinga

Benzinga的圖表

Despite the recent price gains, Pi Network continues to face several significant hurdles. Millions of users remain frustrated by mainnet migration and know-your-customer verification delays, which limit access and transfers, particularly in China. The token also lacks listings on major exchanges such as Coinbase or Binance. Even though the community voted overwhelmingly for a Binance listing, the token has yet to be added to the platform.

儘管最近的價格上漲，但PI網絡仍在面臨幾個重大障礙。數以百萬計的用戶對主網遷移和知識客戶驗證延遲感到沮喪，這限制了訪問和轉移，尤其是在中國。代幣還缺少有關Coinbase或Binance等主要交易所的清單。即使社區以絕大多數投票贊成二元上市，但令牌尚未添加到該平台中。

This lack of liquidity creates a ceiling for how much the price can rise without facing selling pressure. Another key obstacle is utility. In the absence of significant decentralized finance projects or decentralized applications, demand for PI remains primarily speculative. A rally to $1.35 just before the $100 million Pi Network Ventures fund announcement on May 14 quickly reversed, demonstrating how fragile market sentiment can be without real use cases.

這種缺乏流動性為價格上漲而不面臨銷售壓力而造成了上漲。另一個關鍵障礙是實用程序。在沒有大量分散的金融項目或分散申請的情況下，對PI的需求仍然主要是投機性的。在5月14日的1億美元PI Network Ventures Fund公告迅速推翻之前，集會至1.35美元，這表明市場情緒在沒有實際用例的情況下會是多麼脆弱。

Adding to the pressure, more than 1.47 billion PI tokens are scheduled to unlock over the next year. This could increase selling pressure unless balanced by token burns or rising demand.

除了壓力外，計劃在明年內開放超過14.7億個PI令牌。除非被令牌燃燒或需求增加，否則這可能會增加銷售壓力。

The buying pressure appears to be building, as shown by indicators like the Chaikin Money Flow (CMF) sitting above +0.05 over the past ten days. The Accumulation/Distribution (A/D) indicator has also trended higher, two signs of increased buying interest.

購買壓力似乎正在建設中，如過去十天中+0.05以上的Chaikin貨幣流量（CMF）之類的指標所示。累積/分佈（A/D）指標也呈上升趨勢，這是購買利息增加的兩個跡象。

On the 4-hour chart, a local resistance zone sits at $0.90. This represents a bearish order block that could prove challenging for bulls to overcome without a surge in demand.

在4小時的圖表上，當地電阻區為0.90美元。這代表了一個看跌秩序的塊，這可能使公牛在不增加需求的情況下克服挑戰。

If buyers hold support near $0.74 and push through resistance at $0.90, a move back toward $1 becomes possible, especially if trading volume remains strong or a major exchange listing occurs.

如果買家的支持接近$ 0.74，並以0.90美元的價格推動阻力，則可能會返回1美元，尤其是如果交易量保持強勁，或者發生重大交換上市。

However, if momentum fades and structural problems persist, PI could fall below $0.74 and trigger another downward trend, with the large upcoming token unlock adding to downward pressure.

但是，如果動量逐漸消失和結構性問題，PI可能會降至0.74美元以下，並觸發另一個下降趨勢，而即將到來的代幣則增加了下降壓力。

Speculative traders appear to be bidding on PI in the short term. Data shows that the Open Interest climbed by 17% alongside the 14% price increase in the last 24 hours, suggesting that traders might be willing to go long as short-term performance turns bullish.

投機交易者在短期內似乎是對PI的競標。數據表明，在過去24小時內，開放興趣攀升了17％，這表明交易者可能願意長期以來，只要短期績效轉為看漲。

These expectations might be aided by Bitcoin (BTC) seeking to set new all-time highs, potentially lifting the broader cryptocurrency market including PI.

比特幣（BTC）尋求設定新的歷史最高點，可能會提高包括PI在內的更廣泛的加密貨幣市場。

For now, PI continues its recovery attempt with bulls defending key support levels. The cryptocurrency’s next moves will likely depend on its ability to overcome resistance at $0.90 and address the underlying project challenges.

目前，PI繼續與公牛捍衛關鍵支持水平的恢復嘗試。加密貨幣的下一步行動可能取決於其克服抵抗力為0.90美元的能力，並應對潛在的項目挑戰。