The PI network gets attention again. Buzz on social media is rising rapidly, with the social dominance of PI that touches 0.276% – it is highest since 21 May. That is a big leap of this month’s low point of only 0.09%. This growing interest occurs just “Pi Day 2” on 28 June, those events such as the .pi domain auction and the Open Network Pifest. These events can help to push the price higher.
At the moment Pi is trading around $ 0.64, a decrease of approximately 2.35% for the month. It is at an important support level. In the charts there is a pattern formation of the triple soil-a sign that a big prize bouncer can happen soon. If PI can rise above $ 0.80, this can see a strong rally.
But not everything looks perfect
Some indicators are still negative and the trade volume is falling. If the price does not break $ 0.80, the downward trend can continue. Analysts also warn about Bearish divergence, which means that the price is rising, but the strength is falling – a possible sign of weakness.
One major update: More than 340 million Pi -Tokens will be unlocked for the next 30 days. This can cause more people to act and use PI, but it can also put pressure on the price.
Another big step happened recently – 200 million Pi -Tokens were pulled out of liquidity reserves and sent to a new wallet. Some experts think that this was a private “OTC” (freely available) deal, where large amounts are traded outside fairs. This led to talk about possible large investors who became involved.
Finally, there is the continuous debate about PI’s double value system. PI acts less than $ 1 on public markets. But within the network the Global Consensus Value (GCV) is set at $ 314,159 per coin – yes, actually. This enormous difference has led to confusion and debate. But data on chains shows that real users perform transactions at that high GCV level, which means that the model can nevertheless have a real-world use.