The price of the PI network turns green with millions of coins.

Pi Coin shows signs of life, rising by 2 % today and is now trying to break the important $ 0.50 level. This comes after a long declining trend that started in May, when the symbol reached its climax at $ 1.65.

But what really draws attention is a big deal. According to what was reported, a person bought 2.8 million coins from PI and pulled them from Excination OKX. In total, over the past three days, about 12 million PI coins have been bought and pulled from OKX.

Currently, the central stock exchanges have about 356 million coins of PI, with OKX 19.7 million.

What is the following for the price of PI?

July can be a rugged month for PI. A large symbolic opening is scheduled, as about 318 million PI (at a value of about $ 160 million) were launched on the market. This sudden increase in the supply may add the pressure pressure and payment rates if the demand does not decrease.

Currently, the bulls defend the level of support of $ 0.47 as the bears continue to reject the emerging moves. The PI briefly crossed over the moving average for 20 days (about $ 0.56) last week, but it failed to penetrate the strongest resistance for 50 days at $ 0.66.

If the PI holds $ 0.47 and is able to climb again more than $ 0.50, it may target $ 0.57 and another $ 0.60. But if it is less than $ 0.47, the next negative goal will be $ 0.40.

Amid all this, Dr. Altcoin pointed out that the so -called GCV Group seems to forget one thing, the PI Core (PCT) team has already sold millions of PI currencies for less than two dollars each to raise money for the Network Ventures of $ 100 million. He said that even the patent cooperation treaty does not believe in unrealistic GCV price demands.