The team behind Pi Network keeps pushing its ecosystem forward with protocol v24 now live and v25 dropping later in June. While these upgrades haven’t lifted PI price yet, the charts are hinting at a shift. 🖤
Are Bears Losing Control?
PI started trading back in February last year and the hype pushed its valuation up to around $3 before it crashed. Right now it sits near $0.12 after a 96% drop from that high, hovering close to the all-time low.
Bearish pressure is still here, but three signals point to a possible bounce. The monthly RSI has crashed to 2.6, which screams deeply oversold and often precedes a reversal, while anything above 70 usually warns of a pullback.
Exchange balances also eased from a recent peak above 550 million down to 545 million, cutting some selling pressure.
Today marks the biggest unlock of nearly 15 million tokens, but the daily average drops to 4.8 million over the next four weeks, which should ease supply pressure and open room for recovery.
Same Rumor, Different Day
Pi holders keep whispering about a Binance listing as the big catalyst. Last year the exchange polled users and most wanted PI, yet nothing happened. Now some speculate an announcement could land on June 28, aka Pi2Day, alongside fresh ecosystem moves. Speculation is everywhere but manage those expectations. 🌙💀
Just another echo from the void by iconofsin.eth 💖
