PI Network Coin（PI）在Binance上市拒绝后崩溃了75％，它可以恢复吗？

Pi Coin是排名第24的加密硬币，在早期矿工中建立了像邪教的追随者，已经面临着重大的衰落。

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的加密硬币，在早期矿工中建立了像邪教的追随者，已经面临着重大的衰落。这款硬币的期望很高，跌幅近75％，使投资者沮丧。许多多年来开采PI硬币的长期持有人现在在质疑他们的投资，因为市场不支持PI。加密投资者和分析师

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

Investographer分析了出了什么问题，Pi Coin可以从这种下降的螺旋中恢复。

The Hype and the Harsh Reality

炒作和严厉的现实

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，在短短一个月到一个半月内就大大宣传了大肆宣传。热情的投资者和长期矿工寄予厚望，期望硬币表现良好。但是，其市场业绩远低于预期。那些在Pi Coin及其生态系统中强烈相信的人现在正面临一个苛刻的现实。

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的价格上涨，其上市日期达到了近3美元。但是，兴奋是短暂的。到2月26日，硬币试图夺回3美元的大关，但很快就开始下降了。在短短几天内，PI硬币坠毁了近75％，下降到约0.74美元。目前，它徘徊在其历史最低点0.60美元的历史最低点，表明进一步看跌。

Why Is Pi Coin Crashing?

PI硬币为什么崩溃？

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.

根据分析师投资学家的说法，PI Coin下降的最大原因之一是Binance拒绝其上市。在Binance进行了有关是否列出PI硬币的民意调查后，社区寄予厚望。尽管Pi硬币持有人得到了强有力的支持，但Binance最终拒绝了上市。

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.

另一个关键因素是缺乏完全开放的主网。与真正分散的加密货币不同，PI硬币在高度控制和封闭的生态系统中运行。这限制了流动性，透明度和代币的自由贸易。用户不能自由购买，出售或转移其PI Holdings，从而导致对集中化的担忧。

Technically, what’s happening?

从技术上讲，发生了什么事？

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硬币正在接近关键技术水平。最近的支持水平为$ 0.60，而短期支持约为0.77美元。如果价格下跌低于$ 0.77，则可能会进一步降至0.70美元，甚至测试$ 0.60。从好的方面来说，主要阻力水平为1美元和1.20美元，需要破坏任何重大恢复。像RSI这样的主要指标也徘徊在超售区域周围，反映了熊阶段的继续。

Will Pi Rebound?

PI会反弹吗？

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硬币的未来在很大程度上取决于该项目是否可以解决有关权力下放和流动性的关注。如果买家介入，Pi Coin可能会打破抵抗力并攀升至1.22美元，如果Bullish Momentum继续进行，则有可能达到1.8050美元。但是，如果卖方控制权，价格可能会降至0.64美元，而在那儿不持有的价格可能会导致新的历史最低水平。