PI Network Coin（PI）在Binance上市拒絕後崩潰了75％，它可以恢復嗎？

Pi Coin是排名第24的加密硬幣，在早期礦工中建立了像邪教的追隨者，已經面臨著重大的衰落。

Pi Coin, the 24th-ranked crypto coin that had built a cult-like following among early miners, has faced a significant downfall. The coin, which saw high expectations, has plunged by nearly 75%, leaving investors disheartened. Many long-term holders who mined Pi Coin for years are now questioning their investment as the market is not in favor of Pi. Crypto Investor and analyst

Pi Coin是排名第24的加密硬幣，在早期礦工中建立了像邪教的追隨者，已經面臨著重大的衰落。這款硬幣的期望很高，跌幅近75％，使投資者沮喪。許多多年來開採PI硬幣的長期持有人現在在質疑他們的投資，因為市場不支持PI。加密投資者和分析師

Investographer analyzed what went wrong and can Pi Coin can recover from this downward spiral.

Investographer分析了出了什麼問題，Pi Coin可以從這種下降的螺旋中恢復。

The Hype and the Harsh Reality

炒作和嚴厲的現實

Pi Coin was officially launched recently, gaining massive hype within just a month to a month and a half. Enthusiastic investors and long-term miners had high hopes, expecting the coin to perform well. However, its market performance has fallen far below expectations. Those who believed strongly in Pi Coin and its ecosystem are now facing a harsh reality.

Pi Coin最近正式推出，在短短一個月到一個半月內就大大宣傳了大肆宣傳。熱情的投資者和長期礦工寄予厚望，期望硬幣表現良好。但是，其市場業績遠低於預期。那些在Pi Coin及其生態系統中強烈相信的人現在正面臨一個苛刻的現實。

Initially, Pi Coin saw a price surge, reaching nearly $3 around its listing date. However, the excitement was short-lived. By February 26, the coin attempted to reclaim the $3 mark but soon began its steep decline. In just a few days, Pi Coin crashed by nearly 75%, dropping to approximately $0.74. Currently, it hovers close to its all-time low of $0.60, indicating further bearish momentum.

最初，Pi Coin的價格上漲，其上市日期達到了近3美元。但是，興奮是短暫的。到2月26日，硬幣試圖奪回3美元的大關，但很快就開始下降了。在短短幾天內，PI硬幣墜毀了近75％，下降到約0.74美元。目前，它徘徊在其歷史最低點0.60美元的歷史最低點，表明進一步看跌。

Why Is Pi Coin Crashing?

PI硬幣為什麼崩潰？

According to analyst Investographer, one of the biggest reasons for Pi Coin’s decline is Binance’s rejection of its listing. The community had high hopes after Binance conducted a poll on whether to list Pi Coin. Despite the strong support from Pi Coin holders, Binance ultimately refused the listing.

根據分析師投資學家的說法，PI Coin下降的最大原因之一是Binance拒絕其上市。在Binance進行了有關是否列出PI硬幣的民意調查後，社區寄予厚望。儘管Pi硬幣持有人得到了強有力的支持，但Binance最終拒絕了上市。

Another critical factor is the lack of a fully open mainnet. Unlike truly decentralized cryptocurrencies, Pi Coin operates in a highly controlled and closed ecosystem. This limits liquidity, transparency, and the free trade of tokens. Users cannot freely buy, sell, or transfer their Pi holdings, leading to concerns about centralization.

另一個關鍵因素是缺乏完全開放的主網。與真正分散的加密貨幣不同，PI硬幣在高度控制和封閉的生態系統中運行。這限制了流動性，透明度和代幣的自由貿易。用戶不能自由購買，出售或轉移其PI Holdings，從而導致對集中化的擔憂。

Technically, what’s happening?

從技術上講，發生了什麼事？

Pi Coin is approaching key technical levels. The nearest support level is at $0.60, while short-term support lies around $0.77. If the price breaks below $0.77, it could fall further to $0.70 and even test $0.60. On the upside, major resistance levels stand at $1 and $1.20, which need to be broken for any significant recovery. Key indicators like RSI are also hovering around oversold zone reflecting the bear phase to continue.

PI硬幣正在接近關鍵技術水平。最近的支持水平為$ 0.60，而短期支持約為0.77美元。如果價格下跌低於$ 0.77，則可能會進一步降至0.70美元，甚至測試$ 0.60。從好的方面來說，主要阻力水平為1美元和1.20美元，需要破壞任何重大恢復。像RSI這樣的主要指標也徘徊在超售區域周圍，反映了熊階段的繼續。

Will Pi Rebound?

PI會反彈嗎？

The future of Pi Coin largely depends on whether the project can resolve concerns surrounding decentralization and liquidity. If buyers step in, Pi Coin could break resistance and climb to $1.22, with a chance of reaching $1.8050 if bullish momentum continues. However, if sellers take control, the price might drop to $0.64, and failing to hold there could lead to a new all-time low.

PI硬幣的未來在很大程度上取決於該項目是否可以解決有關權力下放和流動性的關注。如果買家介入，Pi Coin可能會打破抵抗力並攀升至1.22美元，如果Bullish Momentum繼續進行，則有可能達到1.8050美元。但是，如果賣方控制權，價格可能會降至0.64美元，而在那兒不持有的價格可能會導致新的歷史最低水平。