The 276 Million Pi Tokens About to Hit the Market… and What That Could Mean for Your Wallet

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Hold onto your hats, folks! PI is about to unlock over 250 million tokens in June. Yep, you heard that right. Get ready for some serious selling pressure that could make your portfolio cry.

Technical indicators are giving us the cold shoulder, with investor interest shrinking faster than a snowman in the desert. PI might just slip down to its all-time low of $0.40, and guess what? It could even go lower! 😱

Pi Network Gets Ready to Unleash the Beast: June Token Unlock

So 🤑

Market participants are already on edge, with prices weak and trading volume lower than a limbo bar at a party. And now, with all these tokens about to hit the market? Well, let’s just say it’s like pouring gasoline on a fire. 🔥

And it’s not just the market that’s in trouble. Technical charts show that PI is in a constant freefall. The Relative Strength Index (RSI) is sliding down the hill, stuck below 50 at 40.49. Looks like the PI party is starting to fizzle out. 💀

For those not familiar with RSI, think of it like a mood ring for the market: when it’s above 70, everyone’s happy and buying, but when it’s below 30, people start selling like there’s no tomorrow. And PI? Well, it’s not looking so hot right now.

But wait, there’s more! The Aroon Down Line is sitting pretty at 86%. Translation? PI is in a freefall, hitting new lows like it’s a hobby. Bearish vibes all around. 😬

If you needed more evidence, the Aroon Down Line tells us that PI’s price has been tanking with no signs of stopping. Basically, it’s like a train wreck, but one that everyone is watching in slow motion.

PI Price Slips Toward $0.40 – Will It Break Down, or Is There Hope?

As of now, PI is hanging on by a thread at $0.63. But with the selling pressure mounting, the bears might just push it down to its all-time low of $0.40. Is it the end of the line? 🚂💥

If that support level doesn’t hold up, well, get ready for new lows. It could get ugly. 🐻

But hey, there’s always hope! If demand for PI suddenly spikes like a surprise plot twist in a movie, the bears might just run for cover, and PI could bounce back, heading toward $0.86. Stranger things have happened. Or have they? 🤔

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2025-06-02 22:37