PI is broken 18 % in 48 hours; It is possible that there is an additional decrease amid market pressure
The PI network is struggling because it has seen a 18 % sharp decrease in just 48 hours, which scanned its last attempt to recover from March. Investors invest again with the transformation of momentum. The relative strength index is still less than the 50 neutral sign indicating poor purchase pressure and the possibility of further decline. If this trend continues, PI may face more losses in the coming days.
The risk of more declines is still high because the relative strength index still does not show bullish signs. Bollinger also tightens, indicating that the PI network may soon face high price fluctuations. The broader uncertainty in the market increases the situation.
The PI network is currently trading at 0.6085 dollars still stuck under $ 0.617 resistance after a sharp decrease of 18 %. If the downward pressure continues, it will be difficult to get out of the resistance level. The next main support is $ 0.519, if the sales condenses, PI can decrease to less than $ 0.500, which enhances losses and affects the investor confidence.
If the PI network is able to restore the level of $ 0.617, it can free from the current decline and pay to $ 0.710. This can transform its momentum and raises the recovery, giving investors a new hope.
The symbols opened scheduled
It is worth noting that the PI network opens millions of symbols throughout April. On April 16, 2.8 million PI symbols were opened. This is part of a broader plan to open 108.9 million PI symbols during April.
The daily cancellation holes are scheduled to continue to move forward with amounts ranging from 5 to 6 million PI icons every day. Besides, on April 20, about 5.74 million icons will be opened, followed by 5.14 million on April 21 and 5.91 million on April 22.
More than 1.56 billion PI symbols are scheduled to open over the next year, at a rate of 134 million symbols that are released every month. The largest opening in December 2027 is scheduled to happen with the release of 432.3 million icons. The opening of the distinctive symbol can affect the market by increasing the supply and reducing the price of PI if the demand decreases due to internal and external factors.
American expansion and Web3 deal with fuel hopes to break the PI network
Although the distinctive symbol affected the feelings of transparency and affected the morale of the investors, the Pi Network is making bold movements in the United States, it has recently become a member of Stanford and entered the American real estate market by adopting it by Zito Realty, based in Florida. These developments have sparked speculation that major banks such as Jpmorgan and Bank of America may notice them.
There are estimates that if the highest banks start using the PI network, the price may rise to $ 30. The network acquires momentum in the Web3 space with major moves such as partnership with banxa and combine ChainLink data flows. Dr. Altcoin indicated that institutional adoption can support the price of PI Coin, on condition, it needs major promotions to attract big players.
It indicates that the price of PI may decrease to $ 0.30 or less due to a very large number of sellers and poor demand, but the bounce may begin in late August 2025 with slowing the distinctive symbol.
