隨著更廣泛的加密貨幣市場面臨不穩定

PI網絡（PI）令牌最近幾天的價格大幅下降，降至0.608美元，標誌下降了17％。

Pi Network (PI) token has experienced a significant price drop in recent days, falling to $0.611, marking a 17% decrease. This decline comes as the broader cryptocurrency market faces instability following the Mantra (OM) token crash, which saw OM lose nearly 90% of its value before recovering slightly with a 30% bounce.

PI Network（PI）令牌最近幾天的價格大幅下降，下降到0.611美元，標誌下降了17％。由於咒語（OM）令牌崩潰後，更廣泛的加密貨幣市場面臨著不穩定的情況，這種下降是出現的，後者看到OM損失了近90％的價值，然後以30％的反彈稍微恢復。

PI is currently trading at its lowest point in the past week, although it remains higher than levels seen a few weeks ago. Despite a brief recovery attempt that reached $0.7822, the price has failed to maintain momentum and has been rejected at key resistance levels.

PI目前在過去一周的最低點上交易，儘管它仍然高於幾週前的水平。儘管短暫的恢復嘗試達到了0.7822美元，但價格仍未保持動力，並以關鍵阻力水平被拒絕。

The downward trend has been ongoing for several weeks, with the token forming a pattern of lower highs and lower lows on the daily chart. This pattern indicates a bearish market structure that has yet to show signs of reversing.

下降趨勢已經持續了幾週，令牌在每日圖表上形成了較低的高點和較低的低點模式。這種模式表明看跌的市場結構尚未顯示出逆轉的跡象。

Technical Indicators Point to Continued Weakness

技術指標指出持續弱點

Looking at the 4-hour chart, PI recently experienced a bearish market structure break when the price dropped below the $0.71 support level. This breakdown suggests that bears currently control the market direction.

從4小時的圖表中看，當價格下降到0.71美元以下時，PI最近經歷了看跌市場結構的破損。這種分解表明，熊當前控制著市場方向。

The Money Flow Index (MFI) on the 4-hour timeframe sits at 23, just above the oversold region, indicating strong selling pressure. Similarly, the Accumulation/Distribution (A/D) indicator has been stepping downward over the past two days, confirming weak buying volume.

4小時的時間範圍的貨幣流量指數（MFI）位於23歲的超越地區，表明銷售壓力很大。同樣，在過去的兩天中，累積/分佈（A/D）指標一直向下走，確認了較弱的購買量。

A key support zone has formed between $0.595 and $0.605, which has undergone multiple tests without yielding a definitive break. If this zone fails to hold, the next support levels to watch are $0.55 and potentially $0.52, where a market structure break might occur.

一個關鍵支撐區的形成在$ 0.595到0.605美元之間，該區域已經進行了多次測試，而沒有產生明確的突破。如果該區域未能持有，那麼要觀看的下一個支持水平為$ 0.55，可能發生了0.52美元，可能會發生市場結構中斷。

The Relative Strength Index (RSI) has twice dipped into oversold territory, suggesting potential short-term bottoms. These oversold conditions have aligned with MACD golden cross signals, hinting at brief bullish momentum within the broader downtrend.

相對強度指數（RSI）兩次浸入超售區域，表明潛在的短期底部。這些過多的條件與MACD Golden Cross信號保持一致，這暗示了更廣泛的下降趨勢中的短暫看漲勢頭。

However, these recoveries have been short-lived, as the price continues to face resistance from the downward-sloping trendline. The current RSI reading of around 53 implies slightly bullish short-term momentum, but no clear breakout is evident yet.

但是，由於價格繼續面對下降趨勢線的抵抗力，這些回收率一直是短暫的。當前對大約53次的RSI讀數意味著稍微看漲的短期勢頭，但尚無明確的突破。

Supply Concerns Weighing on Price

供應擔憂的價格

One of the main factors putting pressure on Pi Network’s price is the tokenomics structure. According to reports, over 1.5 billion PI tokens are scheduled to be unlocked this year, significantly increasing the circulating supply.

給PI網絡價格施加壓力的主要因素之一是令牌結構。據報導，今年有超過15億個PI令牌被解鎖，大大增加了循環供應。

This supply inflation comes at a time when Pi Network has yet to secure listings on major exchanges like Binance or Coinbase, limiting potential demand growth. The imbalance between increasing supply and stagnant demand creates ideal conditions for continued price declines.

這種供應通貨膨脹是在PI網絡尚未確保諸如Binance或Coinbase等主要交易所的列表的時候，從而限制了潛在的需求增長。增加供應和停滯需求之間的不平衡為持續價格下降的理想條件帶來了理想的條件。

The lack of transparency around token economics has also contributed to market uncertainty. Community members have expressed doubts about both the project’s future viability and its current market value, with calls for clearer, more consistent updates from the Pi Core Team.

令牌經濟學周圍缺乏透明度也導致了市場不確定性。社區成員對該項目的未來可行性及其當前的市場價值表示懷疑，呼籲PI Core團隊更清晰，更一致的更新。

What’s Next for Pi Network?

PI網絡的下一步是什麼？

While the overall outlook appears bearish, some potential catalysts could help stabilize Pi Network’s price. Implementing a token burning mechanism that reduces circulating supply could help address inflation concerns and potentially drive up demand.

儘管整體前景似乎看跌，但一些潛在的催化劑可以幫助穩定PI網絡的價格。實施降低循環供應的令牌燃燒機制可以幫助解決通貨膨脹問題並有可能提高需求。

Securing listings on major exchanges would significantly boost liquidity and accessibility for potential investors. This would help bridge the gap between increasing supply and limited demand.

確保重大交易所上市將大大提高潛在投資者的流動性和可及性。這將有助於彌合供應增加與需求有限之間的差距。

For traders following PI, key levels to watch include resistance at $0.63 and $0.66, with a breakout above $0.71 potentially signaling a shift in market structure. On the downside, a break below $0.595 could accelerate selling pressure, with some analysts predicting a drop as severe as 55%, potentially testing the $0.3945 level.

對於PI之後的交易者，要觀看的關鍵水平包括阻力為0.63美元和0.66美元，突破超過0.71美元，可能表明市場結構發生了變化。不利的一面是，低於$ 0.595的休息可能會加速銷售壓力，一些分析師預測下降到55％，可能會測試0.3945美元的水平。

Trading volume patterns will be critical to observe, as high-volume breakouts above resistance or breakdowns below support would provide stronger confirmation of the next price direction.

觀察交易量模式將是至關重要的，因為高批量的突破超過阻力或支持下方的分解將為下一個價格方向提供更強有力的確認。

tldr; Pi Network (PI) token price has fallen to its lowest level in recent days, hitting $0.611 following a 17% decline from highs of $0.7822. The token is now trading at its weakest point in the past week, although it remains elevated compared to troughs seen a few weeks ago.

tldr; PI Network（PI）代幣價格最近幾天下降到其最低水平，在0.7822美元的高點下降17％之後，達到0.611美元。該令牌現在在過去一周的最弱點上交易，儘管與幾週前的低谷相比，它仍然有所增加。

This decline comes amid broader cryptocurrency market instability following the Mantra (OM) token crash, which saw OM lose nearly 90% of its value before recovering slightly with a 30% bounce.

在咒語（OM）令牌崩潰之後，較廣泛的加密貨幣市場不穩定性，這種下降是出於趨勢，後者看到OM損失了其價值的近90％，然後以30％的彈跳稍微恢復。

The technical outlook on PI remains bearish, with the token forming a pattern of lower highs and lower lows on the daily chart, indicating a downtrending market structure that has yet to show signs of reversing.

對PI的技術前景仍然看跌，令牌在每日圖表上形成了較低的高點和較低低點的模式，表明尚未顯示逆轉跡象的下降市場結構。

The MFI on the 4-hour chart is sitting at 23, just above the oversold region, which could suggest strong selling pressure. The Accumulation/Distribution indicator has also been stepping down over the past two days, confirming weak buying volume.

4小時圖表上的MFI位於23歲，正好位於超售地區上方，這可能表明銷售壓力很大。在過去的兩天中，累積/分銷指標也一直在辭職，確認了較弱的購買量。

Key support is seen at $0.595 to $0.605

關鍵支持的價格為$ 0.595至$ 0.605