PI网络（PI/USDT）看到了2％的反弹，但是它会恢复吗？

停滞数周后，Pi Coin（PI/USDT）在过去24小时内略有2％的反弹，其交易价格约为0.637美元。

Pi Coin (PI/USDT) saw a slight 2% bounce in the last 24 hours, trading at around $0.637. While that move may look minor, traders are beginning to question if this is a sign of recovery, or the last gasp before a deeper correction.

Pi Coin（PI/USDT）在过去24小时内略有2％的反弹，交易约为0.637美元。尽管这一举动看起来可能很小，但交易者开始质疑这是恢复的迹象，还是在更深入的更正之前喘气。

Bearish Divergence Signals Momentum Weakness

看跌差异信号动量弱点

Chart Analysis - Pi Network

图表分析-PI网络

Looking at the technical structure on the 4-hour chart, there was some hope for a bottom when Pi touched the $0.60 level. Often, in oversold markets, such Fib round numbers offer support.

查看4小时图表上的技术结构，当Pi触及0.60美元的水平时，人们对底部有一些希望。通常，在超售市场中，这种FIB圆形数字提供支持。

However, despite bouncing three times from that zone, the Stochastic oscillator showed lower lows, signaling weaker buying strength with each attempt.

然而，尽管从该区域弹跳了三遍，但随机振荡器显示出较低的低点，每次尝试时的购买强度较弱。

This divergence between price and momentum is a bearish signal, suggesting that sellers were stepping in more aggressively despite the shallow recovery in the token.

价格和动量之间的这种差异是一个看跌信号，表明尽管令牌的恢复较浅，但卖方逐步逐步介入。

Why Is Pi Coin Not Moving Despite Its Massive User Base?

为什么Pi硬币尽管其大量用户群不动？

Pi Network boasts over 50 million users and a global mining community, which is an incredible feat. But there’s an uncomfortable truth that traders need to consider.

PI Network拥有超过5000万用户和一个全球采矿社区，这是一项令人难以置信的壮举。但是，交易者需要考虑一个令人不安的事实。

The token is not live on a fully functioning mainnet. What’s trading on platforms like OKX isn’t the final, transferable version of Pi. It’s an IOU, a proxy for what may exist later when the network launches.

令牌不存在于功能齐全的主网上。 OKX之类的平台上的交易不是最终可转让版的PI。这是一个IOU，是网络启动后可能存在的代理。

This disconnect between perception and reality keeps the coin stuck. There’s no real utility yet, and the lack of transparency on how the token will be integrated into the ecosystem keeps it in no-man’s land.

感知与现实之间的这种脱节使硬币陷入困境。目前还没有真正的效用，并且缺乏透明度，即将令牌将如何整合到生态系统中，将其保存在无人区的土地上。

Is Pi Network A Good Investment In 2025?

PI网络是2025年的良好投资吗？

This is where optimism starts to fray. Pi’s most loyal supporters are beginning to ask a harder question: Is this project really building something solid, or just spinning a well-crafted narrative?

这是乐观开始陷入困境的地方。 PI最忠实的支持者开始提出一个更棘手的问题：这个项目真的建立了扎实的东西，还是只是在旋转精心制作的叙述？

Without transparency, on-chain data, or real-world utility, Pi doesn’t offer much to stand on beyond hope and community momentum.

没有透明度，链接数据或现实世界实用程序，PI并不能超越希望和社区势头。

And in crypto, that kind of hype doesn’t hold up forever. Eventually, traders want to see on-chain signals of buying pressure, not another round of FOMO.

在加密中，这种炒作并不能永远坚持。最终，交易者希望看到购买压力的链链信号，而不是另一轮FOMO。