The uncertain future of Pi Network: Approaching the abyss?

PI Network (PI) is currently still "stuck" around the $0.47 threshold, clearly reflecting the lack of buying momentum amid the context of investors closely watching every small fluctuation in the market.

Although this price range is temporarily maintaining stability, the outlook for sustaining it seems fragile. In the next month, the market will witness over 300 million PI tokens being unlocked – a large enough number to trigger a serious supply shock. Previously, similar unlock events have led to deep corrections, especially when the demand is not strong enough to absorb the surge in supply.

Concerns are growing as on-chain data and social media sentiment are both turning negative. Analytics platforms have recorded a widespread pessimistic trend within the PI investor community. In contrast, some posts still nurture hopes for a breakout that "creates the largest green candle in crypto history," but clearly, these expectations are more emotionally driven than based on solid fundamentals.

The project development team is currently working hard to reshape the narrative of the network, aiming to break free from the shadow of a purely speculative asset. One notable initiative is the Pi App Studio – a platform aimed at promoting practical applications around the PI ecosystem. However, as of now, these efforts have yet to create a clear momentum or sufficient levels of acceptance to help PI escape the prolonged selling pressure.

Technically, PI is approaching the "price squeeze" zone – a tight accumulation phase, which is often seen as a sign of an impending strong volatility. If the bulls cannot defend the important support level at $0.47, analysts warn that this token could quickly slide back to the historical bottom around $0.40. Conversely, if support is maintained, combined with clear progress in practical application deployment, PI could completely reignite market interest and open up opportunities for sustainable recovery.

The PI/USDT chart on the 4-hour frame | Source: TradingViewOverall, the coming weeks will be a test not only for price defense capabilities but also a measure of the reliability of the long-term vision that the development team has outlined for this project.

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