Pi Network’s 200% Surge Predictions Crumble as It Falls by 29%: $0.86 Support at Risk?

Pi Network’s token (PI) is experiencing a price decline due to delayed exchange listings, upcoming token unlocks, and regulatory uncertainty Technical indicators suggest that the digital asset is oversold and is potentially poised for a rebound. The Pi Network (PI) token has fallen steadily since its peak on February 26, recently dropping below the $0.86 support level. Some technical indicators suggest the token is oversold, raising hopes for a possible rebound. However, ongoing uncertainty about exchange listings and the impact of upcoming token unlocks continues to create doubt among investors. Mainnet and Exchange Listings Delay The Pi mainnet is live, but the absence of major exchange listings like Binance has hurt its momentum. This is despite 86% of the Binance community voting in favor of the coin to be listed on the platform. Binance has not listed Pi Coin due to several key concerns about the cryptocurrency’s fundamental structure. As per Binance, the network remains in a closed mainnet system, limiting its transactions and raising questions about its true market potential. Regulatory uncertainties remain a major challenge for Pi Network as well as the broader cryptocurrency market, as unclear legal compliance across different countries makes major exchanges cautious. Another issue is that the Pi Network is largely controlled by its core team, which goes against the idea of decentralization that most cryptocurrency platforms support. This lack of openness is one reason why major exchanges like Binance are hesitant to list the asset, as they prioritize security and transparency for their users. Token Unlocks and Selling Pressure Nearly 97 million PI tokens will unlock in the next 30 days, risking further price drops. As such, the community is worried about the decrease in the future Pi price. However, crypto analyst Dr. Altcoin has shared his opinion in an X post on how to stop these price decreases. The CEXs have been flooded with unlocked Pi coins, and the PTC will need to burn another 60 to 100 million coins from the circulating supply in the coming days in order to bring Pi back to $1. I am now more confident that Pi is going to return to $1 soon. DYOR! Reduced daily unlock rates could ease long-term selling pressure. If unlocks are managed carefully, the Pi price could stabilize. Technical Outlook: Signs of a Rebound? PI is forming a descending wedge, which is a pattern often preceding breakouts. The 4-hour RSI sits at 24.57, signalling extreme oversold conditions. Historically, such levels have led to sharp recoveries. If PI holds $0.8 support, a rally toward $1.40 or even $1.75 is possible. Some analysts warn that failure to hold $0.8 may push PI to $0.65 or $0.60 before finding strong support. Others, like crypto analyst Coinvo, point to a rare three-drive pattern that could trigger a 200% surge, retesting $3 if buying volume returns. “This bullish Three Drive pattern could be what sends the asset t in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “Pi Network’s token (PI) is experiencing a price decline due to delayed exchange listings, upcoming token unlocks, and regulatory uncertainty Technical indicators suggest that the digital asset is oversold and is potentially poised for a rebound. The Pi Network (PI) token has fallen steadily since its peak on February 26, recently dropping below the $0.86 support level. Some technical indicators suggest the token is oversold, raising hopes for a possible rebound. However, ongoing uncertainty about exchange listings and the impact of upcoming token unlocks continues to create doubt among investors. Mainnet and Exchange Listings Delay The Pi mainnet is live, but the absence of major exchange listings like Binance has hurt its momentum. This is despite 86% of the Binance community voting in favor of the coin to be listed on the platform. Binance has not listed Pi Coin due to several key concerns about the cryptocurrency’s fundamental structure. As per Binance, the network remains in a closed mainnet system, limiting its transactions and raising questions about its true market potential. Regulatory uncertainties remain a major challenge for Pi Network as well as the broader cryptocurrency market, as unclear legal compliance across different countries makes major exchanges cautious. Another issue is that the Pi Network is largely controlled by its core team, which goes against the idea of decentralization that most cryptocurrency platforms support. This lack of openness is one reason why major exchanges like Binance are hesitant to list the asset, as they prioritize security and transparency for their users. Token Unlocks and Selling Pressure Nearly 97 million PI tokens will unlock in the next 30 days, risking further price drops. As such, the community is worried about the decrease in the future Pi price. However, crypto analyst Dr. Altcoin has shared his opinion in an X post on how to stop these price decreases. The CEXs have been flooded with unlocked Pi coins, and the PTC will need to burn another 60 to 100 million coins from the circulating supply in the coming days in order to bring Pi back to $1. I am now more confident that Pi is going to return to $1 soon. DYOR! Reduced daily unlock rates could ease long-term selling pressure. If unlocks are managed carefully, the Pi price could stabilize. Technical Outlook: Signs of a Rebound? PI is forming a descending wedge, which is a pattern often preceding breakouts. The 4-hour RSI sits at 24.57, signalling extreme oversold conditions. Historically, such levels have led to sharp recoveries. If PI holds $0.8 support, a rally toward $1.40 or even $1.75 is possible. Some analysts warn that failure to hold $0.8 may push PI to $0.65 or $0.60 before finding strong support. Others, like crypto analyst Coinvo, point to a rare three-drive pattern that could trigger a 200% surge, retesting $3 if buying volume returns. “This bullish Three Drive pattern could be what sends the asset t” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.