Pi Network: It’s Not Looking Good, Folks—18% Plunge in Just 48 Hours!

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Oh dear, Pi Network appears to be having a bit of a crisis, plummeting by 18% in just 48 hours. What was once a glimmer of hope for recovery in March is now a distant memory, like your New Year’s resolutions. Investors are starting to get twitchy again as the market turns its back with a decidedly bearish frown. The Relative Strength Index (RSI) is still below the 50 mark, which is a polite way of saying, “No one is buying this stuff.” And without a doubt, if this downward spiral continues, Pi could be in for a rough ride ahead. 🚨

The risks of further declines are ever-present, as the RSI continues to hint at nothing but weakness. To add insult to injury, the Bollinger bands are tightening—yes, those bands are preparing to unleash a maelstrom of volatility. It’s like waiting for the storm to hit, but with fewer umbrellas. Not exactly a “buy the dip” situation, is it? And let’s not forget, the broader market’s mood swings aren’t exactly helping matters either.

Currently, Pi Network is limping along at $0.6085, still unable to break the $0.617 resistance after that sharp 18% drop. If this downward pressure persists, it’ll be like trying to break a brick wall with a rubber mallet. The next support level is at $0.519, but if things really go south, we could be seeing sub-$0.500 territory soon—one more nail in the coffin for investor confidence. 💀

On the other hand, if Pi can somehow muster the strength to claw its way back to the $0.617 level, well, it might just manage to turn things around and push toward $0.710. Stranger things have happened, like that time you thought you’d never get through a Monday. Who knows, maybe a flicker of hope will ignite a proper recovery. 🌟

Tokens Unlocks Scheduled

Now, in case you weren’t already worried, there’s more: Pi Network is unlocking millions of tokens throughout April. On April 16, they unleashed a staggering 2.8 million PI tokens. And this is just the beginning—brace yourselves, folks. The grand total for April? 108.9 million Pi tokens will flood the market. Yes, you read that right. That’s a whole lot of Pi. 🥧

And the token unlock parade continues, with anywhere between 5 to 6 million PI tokens being unlocked each day. Mark your calendars because April 20 will see another 5.74 million tokens unlocked, followed by 5.14 million on April 21, and another 5.91 million on April 22. It’s like an endless Pi party, and the token supply keeps growing. 🎉

Looking further into the future, Pi plans to release over 1.56 billion PI tokens over the next year, averaging 134 million tokens each month. The grand finale? A whopping 432.3 million tokens will be unleashed in December 2027. Can we even imagine the chaos? Oh, and remember, more tokens = more supply. And, just in case the demand doesn’t match up, the price might dip faster than your last attempt at dieting. 🍔

U.S. Expansion and Web3 Deals Fuel Hopes for Pi Network’s Breakout

In a desperate attempt to add some sparkle to the situation, Pi Network is making bold moves in the U.S. It’s become an affiliate member of Stanford and has made a splash in the real estate market through its adoption by Zito Realty in Florida. Is this the breakthrough moment? Maybe. Some are even speculating that the likes of JPMorgan and Bank of America might soon take notice. But who knows? Perhaps Pi is just trying to look important enough for a seat at the cool kids’ table. 🏦

Why is the price of Pi falling?

1. On average, 6.8 million Pi coins are being unlocked daily, with most of them heading straight to CEXs.

2. As a result, the available circulating supply on CEXs has increased from 354 million Pi to 368 million Pi in just a few days.

3. The…

— Dr Altcoin (@Dr_Picoin) April 16, 2025

Now, some rather ambitious forecasts are making the rounds, claiming that if top-tier banks start using Pi Network, the price could shoot up to a mind-boggling $30. Oh, and don’t forget Pi’s rapid ascent in the Web3 space, thanks to its partnerships with Banxa and the integration of Chainlink Data Streams. It’s all sounding very grand, but here’s the catch: Dr Altcoin suggests that Pi needs some serious upgrades to attract those big players. In other words, don’t start planning that yacht purchase just yet. 🚢

But, don’t completely lose hope just yet. Pi’s price could dip to as low as $0.30 or even lower due to too many sellers and weak demand. However, if things get their act together, a rebound could be on the cards by late August 2025, as token unlocks slow down. Keep your fingers crossed, folks. 🤞

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2025-04-17 16:28