PI Network的早期炒作在市场挑战中淡出

在移动开采和基于推荐的增长的初步兴奋之后，PI网络处于关键关键时刻。

The price of Pi Coin (PI) has risen by 8.40% in the past day, reaching $0.6244 as of 08:04 ET on August 24. This temporary spike is nevertheless lower than Pi Coin’s previous peak and falls behind in the week’s performance also, with a loss of 5.75%. Early adopters of the token are questioning its direction with the token being unable to hold gains.

过去一天，PI Coin（PI）的价格上涨了8.40％，截至8月24日，美国东部时间08:04达到0.6244美元。但是，这种临时尖峰仍然低于Pi Coin的先前高峰，并且在本周表现中也落后于5.75％。代币的早期采用者正在质疑其方向，代币无法获得收益。

This comes as the 24-hour trading volume for the token has also been seen to increase by 16.59% to $113.75 million.

这是因为代币的24小时交易量也增加了16.59％，达到1.1375亿美元。

The Relative Strength Index (RSI) is sitting at 38 and is close to overselling levels, and the Moving Average Convergence Divergence (MACD) indicator is poised to experience a bearish crossover. Further, the Chaikin Money Flow (CMF) indicates that there is capital outflow and ongoing selling pressure.

相对强度指数（RSI）位于38中，接近超售水水平，移动平均收敛差异（MACD）指标有望体验看跌的交叉。此外，Chaikin货币流量（CMF）表示存在资本流出和持续的销售压力。

Pi Coin has been trading in a tight range of $059 to $0.67, and a breakdown below such a channel can drive prices down towards $0.5192.

Pi Coin的交易范围为059美元至0.67美元，低于此类渠道的细分可以将价格降低到0.5192美元。

Unusually, the token is also set to face an influx of supply in the coming months. Having calculated a mean of 131 million tokens being unlocked every month over the next year, the supply may likely overpower demand unless urgent measures to stabilize the network are put in place.

不寻常的是，代币还将在未来几个月内面临供应的涌入。在计算出明年每月解锁的平均1.31亿个令牌后，除非采取紧急稳定网络的措施，供应可能会压倒需求。

Earlier this year, about 21.4 million Pi tokens were unlocked, which were valued at over $12 million.

今年早些时候，已解锁了约2140万个PI令牌，价值超过1200万美元。

Pi Network’s Early Hype Fades Amid Market Challenges

PI Network的早期炒作在市场挑战中淡出

Pi Network is at a critical juncture following the initial excitement of mobile mining and referral-based growth. Bitget Wallet COO Alvin Kan explains that much of the original enthusiasm has been eroded by limited accessibility on exchanges, minimal liquidity, and a lack of material use case.

在移动开采和基于推荐的增长的初步兴奋之后，PI网络处于关键关键时刻。 Bitget Wallet Coo Alvin Kan解释说，许多原始热情因交易所的可及性，最小的流动性和缺乏物质用例而受到侵蚀。

Early adopters were drawn to the possibility of profits and mining rewards, which appear to be diminishing.

早期采用者被吸引了利润和采矿奖励的可能性，这似乎正在减少。

Investor frustration is also evident in the relative performance of Pi compared to other large cryptocurrencies such as Bitcoin which rose during the general bull rally. Contrarily, Pi has diverged widely, with the currency falling c9lser to 15% in the past month alone.

与其他大型加密货币（如将在公牛集会期间上升的比特币）相比，PI的相对表现也很明显。相反，PI差异很大，仅在过去一个月中，货币C9LSER下降至15％。

Pi Coin Recovery Potential Amid Bearish Sentiment

pi硬币恢复潜力在看跌情绪中

Even with the bearish mood, there is still room for recovery in Pi. Market experts opine that a breakout above $0.8727, along with good volumes, could reverse the downtrend.

即使有看跌的心情，PI仍有康复的空间。市场专家认为，超过$ 0.8727的突破以及良好的量可能会扭转下降趋势。

This is, however, dependent on the network providing actual utility and increased synergy in both the retail and decentralized finance (DeFi) markets. A utility-first strategy complemented with significant partnership and exchange listing extensions may help regain trust.

但是，这取决于网络提供了实际实用性和在零售和分散融资（DEFI）市场中的协同作用。公用事业领先的策略与大量合作伙伴关系和交换上市扩展可能有助于重新获得信任。

In the meantime, Pi is currently a high-risk token susceptible to any further dip unless quick measures to correct these problems are undertaken.

同时，除非采取快速措施来纠正这些问题，否则PI目前是一个容易受到任何进一步浸入的高风险令牌。