Pi Network Price Outlook: July’s Massive Token Unlock Could Trigger More Losses
The post Pi Network Price Outlook: July’s Massive Token Unlock Could Trigger More Losses appeared on BitcoinEthereumNews.com. July could be a turbulent month for Pi Network as a huge release of tokens looms. Investors brace for potential impacts on prices. What does this mean for Pi and its holders? This article explores the outlook and identifies other tokens poised for growth amidst the impending shake-up. This analysis is supported by Outset PR, a performance-first communications partner for crypto projects, using media intelligence, narrative strategy, and traffic-driving outreach to boost attention where it counts. Massive PI Token Unlock & Supply Surge Starting July 4, Pi Network began releasing approximately 304.7 million PI tokens over a 30-day period, with the largest single-day unlock of 19.39 million tokens occurring on the first day . This influx represents the highest monthly unlock. Such a significant increase in circulating supply can lead to heightened selling pressure, especially if demand doesn’t match the new supply. Source: piscan Pi Network Price Struggles, but Growth Potential Remains Source: tradingview The current price of Pi Network hovers between a low forty cents and just over fifty cents. It faces resistance at just over fifty-five cents, with stronger resistance anticipated around sixty-five cents. Support is around thirty-nine cents, with a firmer floor nearby at thirty cents. Despite a recent 13% dip in one week and a drop of nearly 35% over the past six months, the coin’s potential remains. Should it break resistance, it could rise by over a quarter from current levels. With low momentum and a 10-day average slightly below its 100-day figure, Pi needs significant movement to entice investors and initiate a strong upward trajectory. Outset PR Crafts Communications Like a Workshop, Powered by Data Founded by renowned crypto PR expert Mike Ermolaev, Outset PR operates like a hands-on workshop, building every campaign with market fit in mind. Instead of offering random placements or…
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The post Pi Network Price Outlook: July’s Massive Token Unlock Could Trigger More Losses appeared on BitcoinEthereumNews.com.
July could be a turbulent month for Pi Network as a huge release of tokens looms. Investors brace for potential impacts on prices. What does this mean for Pi and its holders? This article explores the outlook and identifies other tokens poised for growth amidst the impending shake-up. This analysis is supported by Outset PR, a performance-first communications partner for crypto projects, using media intelligence, narrative strategy, and traffic-driving outreach to boost attention where it counts. Massive PI Token Unlock & Supply Surge Starting July 4, Pi Network began releasing approximately 304.7 million PI tokens over a 30-day period, with the largest single-day unlock of 19.39 million tokens occurring on the first day . This influx represents the highest monthly unlock. Such a significant increase in circulating supply can lead to heightened selling pressure, especially if demand doesn’t match the new supply. Source: piscan Pi Network Price Struggles, but Growth Potential Remains Source: tradingview The current price of Pi Network hovers between a low forty cents and just over fifty cents. It faces resistance at just over fifty-five cents, with stronger resistance anticipated around sixty-five cents. Support is around thirty-nine cents, with a firmer floor nearby at thirty cents. Despite a recent 13% dip in one week and a drop of nearly 35% over the past six months, the coin’s potential remains. Should it break resistance, it could rise by over a quarter from current levels. With low momentum and a 10-day average slightly below its 100-day figure, Pi needs significant movement to entice investors and initiate a strong upward trajectory. Outset PR Crafts Communications Like a Workshop, Powered by Data Founded by renowned crypto PR expert Mike Ermolaev, Outset PR operates like a hands-on workshop, building every campaign with market fit in mind. Instead of offering random placements or…
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