最近的PI网络价格崩溃失去了动力，但是技术和基本因素表明最终是看跌的突破

从技术上讲，硬币形成了看跌佳肴的模式。从根本上讲，人们担心它是一条幽灵连锁店，其集中化意味着顶级交流很可能不会很快列出。

The recent Pi Network price crash has lost momentum, but technicals and fundamental factors point to an eventual bearish breakout, potentially to its lowest point in April.

最近的PI网络价格崩溃失去了动力，但是技术和基本因素表明最终是看跌的突破，可能是4月份的最低点。

Pi Network Price Technical Analysis: Bearish Pennant Forms

PI网络价格技术分析：看跌甲甘南佳式形式

The eight-hour chart shows that the Pi Network price has slumped since May 12, when it surged to $1.6631 ahead of the ecosystem news.

八个小时的图表显示，自5月12日以来，PI网络价格在生态系统新闻之前飙升至1.6631美元。

Now, Pi Coin has dropped below the 50-period moving average.

现在，PI硬币已降至50个周期的移动平均线以下。

More importantly, the ongoing consolidation is part of the formation of a bearish pennant pattern. A pennant is made up of a vertical line resembling a flagpole and a triangular pattern.

更重要的是，持续的巩固是看跌甲甘南类模式的形成的一部分。三角旗由类似旗杆和三角形图案的垂直线组成。

A bearish breakout will point to a drop to the key support at $0.5580, the lowest swing on April 9 and 30. Losing that support level will point to more downside to its April low of $0.40, down by 45% from the current level.

看跌的突破将指向钥匙支持下降的价格为0.5580美元，这是4月9日和30日的最低挥杆。失去支撑水平将表明其4月份低点为0.40美元，比当前水平下降45％。

The bearish Pi Coin price forecast will become invalid if the coin manages to rise above the psychological point at $1.

如果硬币设法以1美元的价格上升，看跌的PI硬币价格预测将无效。

Pi Coin Exchange Listings Unlikely to Happen Without Major Changes

PI硬币交换清单不太可能没有重大更改

The Pi Network price may also keep falling because the much-anticipated listing by top exchanges like Binance and Upbit is unlikely to happen unless the developers implement changes.

PI网络价格也可能会继续下跌，因为除非开发人员实施更改，否则不太可能发生众多交流的备受期待的清单。

This view is based on the fact that Pi Network is a highly centralized cryptocurrency where the obscure Pi Foundation has so much power. As shown below, the foundation holds at least 72.7 billion tokens valued at over $53 billion in seven wallets.

这种观点基于以下事实：PI网络是高度集中的加密货币，晦涩的Pi基金会具有很大的力量。如下所示，该基金会至少拥有727亿个代币，价值超过530亿美元的七个钱包。

The foundation also holds more tokens in thousands of wallets. All this exposes holders to risk since these wallets are not audited. Also, the Pi Coin price would likely crash if the foundation dumped the tokens willingly or if hackers infiltrated the wallets. Most exchanges will unlikely list a crypto project with all this centralization.

该基金会还拥有数千钱包中的代币。由于未审核这些钱包，因此所有这些都使持有人面临风险。另外，如果基金会愿意抛弃令牌，或者黑客渗透了钱包，则PI硬币价格可能会崩溃。大多数交易所不太可能列出所有这些集中化的加密项目。

Pi Network Token Unlocks

PI网络令牌解锁

Further, Pi Coin price may also struggle because of the ongoing token unlocks.

此外，由于持续的令牌解锁，PI硬币价格也可能会挣扎。

Data shows that the network will unlock 271.18 million tokens in the next 30 days. The daily average of these unlocks is over 9 million. It will unlock 1.49 billion tokens in the next 12 months.

数据显示，该网络将在接下来的30天内解锁2.718亿个令牌。这些解锁的每日平均值超过900万。它将在未来12个月内解锁14.9亿个令牌。

With Pi having a maximum supply of 100 billion and a circulating supply of 7.9 billion, it means that the supply will grow by over 92 billion over time. Unlocks increase the supply, which is risky, especially when there is no demand to buy it.

随着PI的最高供应量为1000亿，循环供应量为79亿，这意味着随着时间的推移，供应将增长超过920亿。解锁会增加供应量，这是有风险的，尤其是在不需要购买的情况下。

Pi is a Ghost Chain

PI是鬼连锁店

A ghost chain is a blockchain network that has no developers building applications.

幽灵链是一个没有开发人员构建应用程序的区块链网络。

While Pi’s mainnet launched with 100 apps, most of them have not become popular. Also, it is too early to predict whether the projects that will be funded by the $100 million Pi Network ventures will succeed.

虽然Pi的Mainnet启动了100个应用程序，但其中大多数并没有流行。同样，现在预测由1亿美元的PI Network Ventures资助的项目还为时过早。

Therefore, with no apps in the network, chances are that the Pi Network token will not have any utility.

因此，由于网络中没有应用程序，因此很有可能PI网络令牌将没有任何实用程序。