📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
The native token of Pi Network, $PI, has recently performed poorly, with prices dipping below $0.35, a historic low (as of the time of writing, the price of $PI was $0.3578), attracting widespread attention from the cryptocurrency community. What worries investors even more is that 150 million $PI tokens worth approximately $64 million will unlock and enter market circulation within the next 30 days.
See original
The Myth of Pi Coin Shattered? Technical Indicators All Turn Bearish! Believers Unlocking May Cause Coin Price to Continue to Hit New Lows
Price drops to a historic low, 150 million tokens unlocked put pressure
The native token of Pi Network, $PI, has recently performed poorly, with prices dipping below $0.35, a historic low (as of the time of writing, the price of $PI was $0.3578), attracting widespread attention from the cryptocurrency community. What worries investors even more is that 150 million $PI tokens worth approximately $64 million will unlock and enter market circulation within the next 30 days.
Although PI has risen 4% in the last 24 hours, recovering to $0.36, bearish sentiment still dominates market trends. Technical analysis shows that this brief rebound lacks sufficient volume support, with trading volume plummeting nearly 30% in the past day, currently around $112 million. The negative divergence phenomenon of rising prices but declining volume indicates a lack of substantial buying support for the upward momentum.
Market rumors suggest another wave of 276 million $PI tokens unlocking is imminent. After the unlocking of 8 million tokens in May this year, the price of $PI immediately fell by 25%. Given the sluggish trading activity and lack of liquidity, it may be difficult for PI to withstand such a large increase in supply.
Technical indicators are fully bearish, with Parabolic SAR forming resistance.
From a technical perspective, all indicators for $PI show clear bearish signals. The Parabolic SAR's dots are located above the price at $0.47, forming a dynamic resistance level. When the SAR indicator's dots are above the price, it indicates that the market is in a downward trend, suggesting the bearish momentum continues.