PI’s price decided to take the scenic route down, dropping to a thrilling new low of $0.39 early Friday morning—because who doesn’t love a good bloodbath during Asian hours? An all-time low? Oh, you better believe it, and it’s not done yet. The market’s trembling like a Chihuahua in a thunderstorm. ⚡🐕
Meanwhile, the coin did give us a little hope—bounced a tiny bit to $0.40—like a rubber duck bobbing in a cesspool. This dip, however, is part of a larger drama unfolding: an impending release of 150 million PI tokens over the next 30 days. Fancy a fireworks show? Nope, just a slow-motion financial car crash.
150 Million PI Tokens – The Market’s Ticking Time Bomb
According to PiScan (the crystal ball of crypto doom), a whopping 150 million tokens, valued at around $64 million today, are being unleashed like a herd of caffeinated bulls over the next month. And yes, that’s a lot of cash—unless, of course, the market is too exhausted to care.
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Large token unlocks like this are basically a giant “sell now” sign written in invisible ink, especially when demand is lower than a diet on cheat day. Unless crypto fans suddenly get a fever for PI, we’re looking at a potentially faster descent—like a rollercoaster caught in a gravity well.
Technical indicators? Oh, they’re friendly—if you’re into doom and gloom. The Aroon DownLine is sitting at 100%, basically shouting “sell, sell, sell” with all the enthusiasm of a sleepy sloth. The market’s in a full-blown downtrend—think of it as PI’s version of a lazy Sunday afternoon.
And let’s talk about the MACD—because what’s more fun than a crossover? The blue line has crossed below the orange line (cue dramatic music), giving the bears a high-five and confirming that momentum has shifted faster than a bad mood on a Monday morning.
Translation? The selling pressure has loudly declared victory, and the bullish hype is hiding under a rock. It’s like watching your favorite team lose, but with more decimals and less emotion.
Could PI Rebound? Maybe. Or Not.
With all this doom, you’d think PI is toast. But wait! Its Relative Strength Index (RSI) is at 32.02—just a smidge above oversold territory (30). Think of it as a slightly dizzy boxer — still standing, maybe ready to throw a punch if someone throws a dollar bill their way. 💵🤼♂️
If buyers decide to step in—not likely—we might see PI crawl back up to $0.46. Anything’s possible if enough folks believe in the comeback story or if they’re just bored enough to buy the dip. Otherwise, back to the abyss with a possible revisit of $0.39, the wallet’s version of a Black Hole.
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2025-08-01 21:21