PI Network的（PI）代幣在過去24小時內下降了近16％，現在以1.14美元的價格交易

PI Network的代幣在過去24小時內下降了近16％，現在以1.14美元的價格易手，市值約為78.5億美元

Pi Network’s token (PI) has dropped nearly 15% in the past 24 hours, now changing hands at $1.14 at the time of writing. The crypto, launched on February 20, is 62% down from its all-time high of $2.99 and has been trading in the red for more than 20 days now. Since the start of March, Pi has not traded above $2 and has shed over 34% of its value in a fortnight.

PI Network的代幣（PI）在過去24小時內下降了近15％，現在在撰寫本文時以1.14美元的價格易手。該加密貨幣於2月20日啟動，比其歷史最高高點2.99美元下降了62％，現在已經以紅色交易了20天以上。自3月初以來，PI的交易尚未超過2美元，並且在兩週內降低了其價值的34％以上。

Although the project still has several followers on social media, investors are seemingly offloading their holdings, which could have increased downward pressure on the token’s value.

儘管該項目在社交媒體上仍然有幾個追隨者，但投資者似乎正在卸載其持股，這可能會增加令牌價值的下降壓力。

Pi Network’s token (PI) has dropped nearly 16% in the past 24 hours, now changing hands at $1.14 with a market capitalization of approximately $7.85 billion, according to CoinGecko. Pi’s circulating supply reportedly stands at 6.88 billion PI tokens.

根據Coingecko的數據，PI Network的代幣（PI）在過去24小時內下降了近16％，現在以1.14美元的價格易手，市值約為78.5億美元。據報導，PI的循環供應量為68.8億PI令牌。

The crypto, launched on February 20, is 62% down from its all-time high of $2.99 and has been trading in the red for more than 20 days now. Since the start of March, Pi has not traded above $2 and has shed over 34% of its value in a fortnight.

該加密貨幣於2月20日啟動，比其歷史最高高點2.99美元下降了62％，現在已經以紅色交易了20天以上。自3月初以來，PI的交易尚未超過2美元，並且在兩週內降低了其價值的34％以上。

Although the project still has several followers on social media, investors are seemingly offloading their holdings, which could have increased downward pressure on the token’s value.

儘管該項目在社交媒體上仍然有幾個追隨者，但投資者似乎正在卸載其持股，這可能會增加令牌價值的下降壓力。

Transparency is still in question, but profit-taking continues

透明度仍在疑問，但獲利仍在繼續

Naysayers of the Pi Network on X believe the project has some red flags that could be contributing to the sell-off. There are rumors on the social platform that say the top three holders collectively own 2.69% of the total supply, with the top 10 holders controlling the same percentage, which some community members believe is a little “alarming.”

X上PI網絡的反對者認為，該項目有一些危險信號，可能會導致拋售。社交平台上有傳言說，前三名持有人共同擁有總供應量的2.69％，前十名持有人控制著相同的百分比，一些社區成員認為這有點“令人震驚”。

Pi coin holders are gunning for a Binance listing, which has yet to happen even after 86% of the exchange’s users voted for the coin to be listed in a poll that started on February 18 and ended ten days later.

Pi硬幣持有人正在競爭二元清單，即使在交易所的86％的用戶投票贊成將硬幣列為2月18日開始並在十天后結束的民意調查中，該幣尚未發生。

According to analysts going by the username Alpha Crypto Signal on X, the token displayed signs of weakness over the weekend and predictably broke below a horizontal support level, which triggered a sharp sell-off.

根據X上用戶名Alpha Crypto信號的分析師的說法，令牌在周末顯示出虛弱的跡象，並且可以預見的是水平支撐水平以下，這引發了急劇的拋售。

The price has tanked across multiple timeframes since the beginning of this business week. On the 15-minute chart, PI is down 5.45%, trading just above the moving averages of 1.3343 and 1.3401. The 4-hour chart also shows a more profound bearish trend, with the token trading well below its 20-day Exponential Moving Average at 1.5688.

自本業務週開始以來，價格已經跨越多個時間表。在15分鐘的圖表上，PI下降了5.45％，略高於1.3343和1.3401的移動平均值。 4小時的圖表還顯示出更深刻的看跌趨勢，令牌交易遠低於其20天的指數移動平均線，為1.5688。

Miner sell-off after grace period ends

寬限期結束後的礦工拋售

According to some market analysts, Pi’s grace period expiration on March 14 triggered a minor sell-off. Prior to the deadline, Pi Network’s developers had urged users to complete the required steps to prevent losing a significant portion of their mined PI tokens.

根據一些市場分析師的說法，PI的GRACE時期到期3月14日引發了較小的拋售。在截止日期之前，PI Network的開發人員敦促用戶完成所需的步驟，以防止丟失其大部分採礦PI令牌。

After the grace period ended, mining rewards no longer accumulated under the previous terms, and miners appear to have started liquidating their holdings, adding more supply to the market. The developers’ warning may have also created some fear, uncertainty, and doubt (FUD) within the community, contributing to selling pressures and price decline.

寬限期結束後，採礦獎勵不再以前條款積累，礦工似乎已經開始清算其持股，從而增加了市場的供應。開發商的警告可能還會在社區內部引起一些恐懼，不確定性和懷疑（FUD），從而導致銷售壓力和價格下降。

According to TradingView contributor MyCryptoParadise, Pi’s technical analysis suggests that its bearish momentum could continue in the near term. The token has formed a head-and-shoulders pattern along the resistance trendline of a descending channel, a setup that typically signals further downside.

根據TradingView的貢獻者Mycryptoparadise的說法，PI的技術分析表明，其看跌勢頭可能會在短期內繼續進行。令牌沿著降頻道的電阻趨勢線形成了頭和露肩模式，這種設置通常會進一步發出偏低的信號。

This pattern was confirmed when PI coin broke below the neckline and closed a candle beneath it on March 14. Such a move often precedes significant price declines, increasing the likelihood of additional losses if buyers fail to step in at key support levels.

當Pi硬幣在領口下方打破並於3月14日關閉蠟燭時，這一模式得到了證實。如果買家未能以關鍵支持水平介入，則此舉通常在大幅下降的價格下降，增加額外損失的可能性。

Traders are now waiting to see if PI will retest the neckline. If the price remains below the $1.5 mark, it could indicate a continuation of the downward trend. Yet, a break above the resistance zone around $1.7, coupled with strong trading volume, could invalidate the bearish setup and lead to a potential rebound.

交易者現在正在等待查看PI是否會重新測試領口。如果價格仍低於1.5美元，則可以表明延續下降趨勢。然而，高於1.7美元的電阻區的突破，再加上強勁的交易量，可能使看跌的設置無效，並導致潛在的反彈。