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Analysis: The price of Pi Network token (PI) is under pressure, with weak short-term trends. Data shows that the price of Pi Network ( PI ) has dropped by 0.73% in the last 24 hours, currently reported at $0.43-0.44. Over the past 24 hours, more than 2 million PI tokens have flowed into exchanges, increasing market supply by 0.25%. Although technical indicators show a bullish crossover in MACD, the RSI remains in the oversold range, indicating significant short-term downward pressure. This month, 233 million tokens are scheduled to be unlocked, which could exacerbate selling pressure if market demand does not improve. The project team stated that they will accelerate the development of the mainnet and ecological applications to boost market confidence.
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