Is Pi Network on the Brink of Breakout or Breakdown?

Pi Network price is currently consolidating, with traders awaiting a significant influx of tokens to enter circulation. As of today, the price sits at $0.7397, barely moving over the past 24 hours, registering a gain of only 0.03%. This marks a sharp contrast from Pi’s February peak of $2.99, representing a staggering 74% drop. 24-hour trading volume stands at $103.55 million, experiencing a notable 13.72% decline compared to the previous day. This suggests cautious but renewed trader interest anticipating token unlocks in the coming days. These unlocks are crucial for Pi Network’s short-term outlook as they introduce new tokens into the market.