PI網絡（PI）令牌顯示出50％後的恢復跡象

PI Network的本地令牌（PI）在最近幾周經歷了高波動性後顯示出恢復的跡象。加密貨幣跌幅近50％

Pi Network's native token (PI) is showing signs of recovery after experiencing high volatility in recent weeks. The cryptocurrency, which plunged nearly 50% from May 12 to May 17, has begun to reverse its downtrend on the price charts.

PI Network的本地令牌（PI）在最近幾周經歷了高波動性後顯示出恢復的跡象。從5月12日至5月17日起，加密貨幣猛增了近50％，已開始逆轉其價格表上的下降趨勢。

Over the last four days, PI has gained 20%, with a 14% increase in the last 24 hours alone. The token currently trades at $0.84, marking a 30% gain over the past month.

在過去的四天中，PI增長了20％，僅在過去24小時內增長了14％。代幣目前的交易價格為0.84美元，在過去一個月中增長了30％。

Trading volume has climbed substantially, surging more than 150% to reach $548 million. This development comes after the recent price drop to $0.69 on May 17.

交易量已經大大攀升，飆升了150％以上，達到5.48億美元。這一發展是在5月17日的價格下降到最近的0.69美元之後。

According to data from Coinalyze, bullish conviction is present but not overwhelming in the short term. Open Interest has risen by 17%, suggesting that speculative traders might be willing to go long as short-term performance turns bullish.

根據Coinalze的數據，看漲信念是存在的，但在短期內沒有壓倒性。開放興趣增長了17％，這表明投機性交易者可能願意長期以來的績效轉向看漲。

The funding rate remains just slightly above zero. Together, these metrics indicate that short-term expectations are positive but not overheated.

資金率略高於零。這些指標一起表明，短期期望是積極的，但沒有過熱。

Technical Analysis Points to Cautious Optimism

技術分析指出謹慎的樂觀

On the daily chart, PI has pulled back below the 78.6% Fibonacci retracement level based on its rally to $1.6 earlier this month. The token recently broke through the $0.745 level, a local high from April, which shifted the market structure in a bullish direction.

在每日圖表上，PI基於本月初的集會為1.6美元，將斐波那契回曲水平低於78.6％。該代幣最近破產了$ 0.745的水平，這是4月起的當地高點，這將市場結構朝著看漲的方向轉移。

The Relative Strength Index (RSI) sits in the neutral range at 54, indicating neither an overbought nor oversold condition. Major moving averages for the 10, 20, 30, and 50-day periods are all trending upward.

相對強度指數（RSI）位於中性範圍為54，表明既不是過分的也不是超賣狀況。 10、20、30和50天的主要移動平均值都向上趨勢。

The Chaikin Money Flow (CMF) has stayed above +0.05 for the past ten days, and the Accumulation/Distribution indicator has also trended higher. These are two signs of strong buying pressure, resulting from the trading volume surge on May 11 and 12.

在過去的十天中，Chaikin貨幣流量（CMF）一直保持在+0.05的高度，並且累積/分配指標也越來越高。這是5月11日至12日的交易量激增，這是強烈購買壓力的兩個跡象。

However, zooming in on the 4-hour chart reveals a local resistance zone at $0.9, which appears as a bearish order block. Volume indicators that were strongly bullish on the daily timeframe appear neutral on the 4-hour chart.

但是，在4小時的圖表上進行縮放揭示了一個局部阻力區為0.9美元，這是看跌訂單塊。在每日時間表上強烈看漲的音量指標在4小時圖表上顯得中立。

Project-Specific Challenges Could Limit Growth

特定項目的挑戰可能會限制增長

Despite the positive price action, Pi Network faces several obstacles that could hamper its recovery above $1. Millions of users remain frustrated by mainnet migration and Know Your Customer (KYC) verification delays, which limit access and transfers, particularly in China.

儘管採取了積極的價格行動，但PI網絡仍面臨幾個障礙，可能會阻礙其回收率高於1美元的障礙。數以百萬計的用戶仍然因主網遷移而感到沮喪，並了解您的客戶（KYC）驗證延遲，這限制了訪問和轉移，尤其是在中國。

The token is not listed on major exchanges like Coinbase or Binance. Even though the community voted for a Binance listing, the token has yet to appear on the exchange. Pi's market depth on platforms such as OKX remains below $100,000, limiting its growth potential.

代幣未在Coinbase或Binance等主要交易所中列出。即使社區投票贊成Binance上市，令牌尚未出現在交易所中。 PI在OKX等平台上的市場深度仍低於100,000美元，從而限制了其增長潛力。

Utility remains a concern. Without significant decentralized finance projects or applications, demand for PI is primarily speculative. A rally to $1.35 just before the $100 million Pi Network Ventures fund announcement on May 14 quickly reversed, highlighting the fragility of sentiment without real use cases.

公用事業仍然是一個問題。沒有大量分散的金融項目或應用程序，對PI的需求主要是投機性的。在5月14日的1億美元PI Network Ventures Fund公告迅速扭轉了$ 1.35的集會上，突出了沒有真實用例的情緒脆弱性。

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

預定在明年的14.7億PI代幣將解鎖，除非由代幣燒傷或需求增加，否則這可能會增加銷售壓力。

If buyers can maintain support near $0.74 and push through resistance at $0.90, a move back towards $1 is possible, especially if trading volume remains strong. However, if momentum fades and structural problems persist, PI could fall below $0.74 and trigger another downward trend.

如果買家可以維持$ 0.74的支持並將阻力推向0.90美元，則可以向1美元轉移到1美元，尤其是在交易量仍然強勁的情況下。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，並引發另一個下降趨勢。

Bitcoin's performance may also influence PI's trajectory, as BTC is currently setting new all-time highs. This positive market sentiment could help PI break past the $0.9 barrier in the coming days.

比特幣的性能也可能影響PI的軌跡，因為BTC目前正在設定新的歷史最高點。這種積極的市場情緒可以幫助Pi在未來幾天超越$ 0.9的障礙。