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The Network Pi native token is showing recovery signs after falling prices on April 8. It is currently negotiated at around $ 0.58, up almost 3% in the last 24 hours.
This rebound occurs after weeks of declining lateral movement. The main reason for this positive change seems to be the number in particular of Pi unlocking this week.
According to piscan data, only 1.5 million Pi tokens should be unlocked per day until April 11. The biggest unlocking event over the next 30 days is set for April 18, with around 9.8 million tokens worth $ 5.7 million at current prices entering circulation.
In total, around 160.74 million Pi tokens will be unlocked this month, with a current market value of $ 93.77 million. Many community members urge the PI Core team to initiate a token burning strategy to mitigate inflation problems and preserve long -term value.
Days of false hopes are over, see it at its nominal value!
The PI community must accept the current reality of PI.
The more deeply it dives, the more time it takes to bounce back at its top of all time.
The quick solution? The PTC should burn its fucking billions of pivines from these 20,000+ pi… pic.twitter.com/y0jhgqtqx5
– Dr Altcoin (@dr_picoin) April 5, 2025
Meanwhile, there are rumors on a potential list of PI on Binance. While Binance launched a community vote in February and 86% of voters favored the list, the exchange has not yet made an official announcement.
At the time of writing the editorial staff, PI has a market capitalization of 3.94 billion dollars, ranking 26th among the best cryptocurrencies, by CoinmarketCap.
On the 4 -hour PI price table, the relative resistance index (RSI) is currently at 46, suggesting neutral to essential conditions and a persistent dead end between bulls and bear. However, the recent Pointe de RSI refers to the growing interest of buyers.
Source: tradingView
Bollinger bands are tightening, showing signs of consolidation. A break in this beach could confirm the following directional movement. Merchants can cope with resistance around $ 0.60 (the intermediary strip) and a clear break above this level could lead to a strip of the band greater than $ 0.67.
Meanwhile, the MacD recently formed a bullish crossover, the MacD line bordering above the signal line. While the histogram remains modest, the green bars imply that the bullish momentum is constructed slowly.
Source: tradingView
Despite continuous volatility, experts are betting against long -term PI potential. Crypto popular analyst Moon Jeff predicted a dramatic rally at $ 3 by June 2025.
The analyst also pointed out that the 944K pi tokens will be unlocked today. The value of this unlocking is half a million dollars and could have a negative impact on the action of digital asset prices.
944K $ Pi will be unlocked today.
It is much less compared to what happens after April 15.
The unlocks will be enormous.
Simply take measurements. #Pinetwork pic.twitter.com/cgxrmht0tk– Moon Jeff 🪐 (@ cryptoad00) April 8, 2025
Moon Jeff advised investors to take their positions accordingly because more Pi tokens will be put back on the market by mid-April.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
post url: https://altcoin.observer/pi-network-recovers-3-eyes-on-the-hopes-of-burning-tokens/
