PI硬币面临着主要令牌解锁之前的关键水平

随着Pi Coin（Piusdt）在加密货币领域继续引起关注，交易者现在正在关注关键时刻：一个重要的令牌解锁

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）价格一直在4小时图表上显示出下降趋势的迹象。在今年早些时候努力退回$ 1.00的手柄之后，硬币的交易较低。

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，价格行动构成了0.60美元至0.70美元之间的范围，较低的水平显示出一定的优势。但是，随着一个主要的令牌解锁，在接下来的几周内可能会有更大的销售压力。

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.

如图所示，要注意的关键支持水平为0.60美元，0.53美元和0.46美元。另一方面，要考虑的关键阻力水平为0.70美元，0.82美元和0.95美元。

Token Unlock: 212 Million Pi Set to Hit the Market

代币解锁：2.12亿PI计划上市

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.

根据最新的链上数据，将在接下来的30天内解锁超过2.126亿PI令牌（约占总锁定供应的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.

这种大规模解锁是Pi Coin最近历史上最重要的事件之一，并且可以在未来几周内成为价格行动的关键驱动力。

Will the Token Unlock Push Prices Lower?

代币会降低推动价格吗？

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:

从历史上看，大规模令牌解锁会导致价格下降压力，尤其是当它们涉及早期持有人，内部人士或贡献者首次获得流动性时。根据梅西达里（Messari）和代币解锁等受人尊敬的研究公司的报告，其他生态系统中的类似事件经常引起短期抛售：

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，情况更加微妙。该项目仍处于早期公共阶段，主要的集中式交易所尚未完全集成可交易的PI代币（大多数清单作为IOUS运行）。因此，市场上销售的实际供应可能会造成不成比例的价格影响，尤其是如果持有人曾一旦赶来清算机会，则可能会产生不成比例的价格。

But Not All Unlocks Are Bearish

但是并非所有解锁都是看跌

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

尽管解锁通常会导致短期纠正，但更广泛的市场环境非常重要。如果PI网络团队与以下方式保持一致：

a good strategy for handling the new supply.

处理新供应的好策略。