PI硬幣面臨著主要令牌解鎖之前的關鍵水平

隨著Pi Coin（Piusdt）在加密貨幣領域繼續引起關注，交易者現在正在關注關鍵時刻：一個重要的令牌解鎖

Pi Coin (PIUSDT) price has been showing signs of a downtrend on the 4-hour chart. After struggling to break back above the $1.00 handle earlier this year, the coin has been trading lower.

Pi Coin（Piusdt）價格一直在4小時圖表上顯示出下降趨勢的跡象。在今年早些時候努力退回$ 1.00的手柄之後，硬幣的交易較低。

Recently, the price action has been forming a range between the $0.60 and $0.70 levels, with the lower levels showing some strength. However, with a major token unlock on the horizon, there could be more selling pressure in the coming weeks.

最近，價格行動構成了0.60美元至0.70美元之間的範圍，較低的水平顯示出一定的優勢。但是，隨著一個主要的令牌解鎖，在接下來的幾週內可能會有更大的銷售壓力。

As the chart shows, the key support levels to watch out for are at $0.60, $0.53, and $0.46. On the other hand, the key resistance levels to consider are at $0.70, $0.82, and $0.95.

如圖所示，要注意的關鍵支持水平為0.60美元，0.53美元和0.46美元。另一方面，要考慮的關鍵阻力水平為0.70美元，0.82美元和0.95美元。

Token Unlock: 212 Million Pi Set to Hit the Market

代幣解鎖：2.12億PI計劃上市

According to the latest on-chain data, over 212.6 million PI tokens—approximately 4.14% of the total locked supply—are set to be unlocked over the next 30 days.

根據最新的鏈上數據，將在接下來的30天內解鎖超過2.126億PI令牌（約佔總鎖定供應的4.14％）。

This massive unlock is one of the most significant events in Pi Coin’s recent history and could act as a key driver for price action in the weeks ahead.

這種大規模解鎖是Pi Coin最近歷史上最重要的事件之一，並且可以在未來幾週內成為價格行動的關鍵驅動力。

Will the Token Unlock Push Prices Lower?

代幣會降低推動價格嗎？

Historically, large-scale token unlocks have led to downward pressure on prices—especially when they involve early holders, insiders, or contributors gaining access to liquidity for the first time. According to reports from respected research firms like Messari and Token Unlocks, similar events in other ecosystems have often triggered short-term selloffs due to:

從歷史上看，大規模令牌解鎖會導致價格下降壓力，尤其是當它們涉及早期持有人，內部人士或貢獻者首次獲得流動性時。根據梅西達里（Messari）和代幣解鎖等受人尊敬的研究公司的報告，其他生態系統中的類似事件經常引起短期拋售：

In Pi’s case, the situation is even more delicate. The project is still in its early public phases, and major centralized exchanges have not yet fully integrated tradable PI tokens (with most listings operating as IOUs). As such, the actual supply hitting the market could create disproportionate price impact—especially if holders rush to liquidate once given the opportunity.

就PI而言，情況更加微妙。該項目仍處於早期公共階段，主要的集中式交易所尚未完全集成可交易的PI代幣（大多數清單作為IOUS運行）。因此，市場上銷售的實際供應可能會造成不成比例的價格影響，尤其是如果持有人曾一旦趕來清算機會，則可能會產生不成比例的價格。

But Not All Unlocks Are Bearish

但是並非所有解鎖都是看跌

While unlocks often lead to short-term corrections, the broader market context matters greatly. If the Pi Network team aligns this unlock with:

儘管解鎖通常會導致短期糾正，但更廣泛的市場環境非常重要。如果PI網絡團隊與以下方式保持一致：

a good strategy for handling the new supply.

處理新供應的好策略。