- Pi Network is facing downward pressure as it nears the $0.40 mark, with hype fading and a major token unlock approaching.
- While recent infrastructure upgrades show long-term promise, short-term sentiment remains cautious.
After a promising surge earlier this summer, Pi Network is now facing renewed uncertainty. Once hailed as the next big crypto breakout, the project appears to be stalling. With the token trading precariously close to the $0.40 level, many are asking: is a rebound still in the cards?
Early Pi Network Hype Fizzles as Reality Sets In
Excitement around Pi Network had been boosted by developer initiatives, ecosystem updates, and community-driven events like Pi2Day. These developments briefly lifted market optimism. However, the impact was short-lived. The price action has since failed to sustain upward strength, leaving investors increasingly cautious.
Analysts now warn that the market has likely priced in the recent positive news. Without fresh catalysts, traders appear reluctant to place bullish bets.
Pi Network Token Unlock Poses Short-Term Risk
Adding to the pressure is the looming unlock of over 276 million PI tokens in July—roughly 4% of the total supply. This increase in circulating tokens is expected to weigh heavily on price. With no major updates or product launches planned to counterbalance the added liquidity, the token may struggle to maintain current levels.
The $0.40 support zone is now under threat. Should it be breached, technical signals could invite opportunistic buying—but only if overall sentiment doesn’t decline further.
Infrastructure Upgrade Offers Glimpse of Long-Term Potential
Despite short-term headwinds, Pi Network isn’t without positive developments. The team’s new backend overhaul allows for easier deployment of Pi-based applications. By enabling direct hosting of developer apps, Pi is attempting to create a more attractive environment for innovation and user growth.
Still, while this shift could pay off in the future, it’s unlikely to shield the price from current market pressures.
Eyes on the Next Few Weeks
Pi Network’s path forward remains uncertain. With a large token unlock and fading hype, the next few weeks will be critical. If the network can hold above key support levels while continuing to improve its ecosystem, a recovery may be possible. Otherwise, further correction seems inevitable.
ALSO READ:Pi Network Upgrades .pi Domains with Focus on Web3 Development
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