Pi Network investors are in a worried expectation with recent price decreases. Crypto currency, recently hanging under the psychological threshold of 0.8 dollars fell to around 0.79 dollars. While there is a depreciation of approximately 3 %on a daily basis, market sensitivity seems weakened. The idea that the price can go down even further in the near future increases the uneasiness of investors. Although the price decreases, long -term optimistic expectations are still on the table. However, especially the upcoming token lock opening and increasing supply pressure causes investors to reconsider their short -term positions.
Token lock opening and market response
The Opening of the Token Lock, which Pi Network will realize in the coming period, is being discussed intensively among investors. According to estimates, approximately 105.96 million new Pi Token will enter the market in the next 30 days. This means an average increase of liquidity of 3.5 million units per day. Such a wave of supply can put pressure on the price in the short term.
Token lock opening affects not only short -term supply but also investor psychology. The sales pressure that the increasing number of tokens can create in the market causes investors to develop more cautious and short -term strategies. Many investors think that the price can re -test $ 0.77.
On the other hand, Pi Scan data shows that a much larger lock opening is at the door. A total of 1.6 billion pi coin is expected to be released. This number means a new supply of 129 million on a monthly basis and can force the market balances in the long term. Some analysts say that this process will be a period in which the confidence in the project will be tested.
Experts discuss risks and opportunities
Analyst comments continue to be an important resource for investors who want to clarify the market view. Bullstraders7, an analyst on Twitter, stressed that the Pi Network price has a risk of decreasing to $ 0.6 levels. Such a scenario can bring serious losses for short -term investors. However, some experts see these decreases as an opportunity to buy.
For example, Coinvo said that a strong purchase signal has occurred, drawing attention to the deviations in the Pi Network’s RSI indicator. According to Coinvo, the current price range is compatible with Fibonacci support levels, which reinforces the likelihood of recovering the price. In other words, although the market is in a downward trend, technical signals point to different scenarios.
Long -term investors are still confident in the project. In particular, Pi Network’s community power and potential usage areas make this decline an opportunity for some investors. However, it is stated that investors should act flexible and careful according to supply increase and market sensitivity.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
