PI网络面临持怀疑态度，因为它的象征性斗争延迟了主网承诺

该项目最初被誉为开拓无障碍移动采矿，目前与用户参与度减弱和有限的公用事业相努力。

Pi Coin, originally touted for its accessible mobile mining and vast user base, faces mounting skepticism as its token struggles to gain ground amid delayed Mainnet promises.

Pi Coin最初因其可访问的移动开采和庞大的用户群而被吹捧，因为它在Mainnet承诺延迟的情况下，其代币努力获得地面而面临怀疑。

The project, which boasts millions of users, is now grappling with waning user engagement and limited utility. As miners increasingly liquidate their holdings and major exchanges remain absent, the Pi Network's future hinges on delivering tangible use cases to transition the token's price from a speculative asset to a functional ecosystem.

该项目拥有数百万用户，现在正在努力努力减弱的用户参与度和有限的实用程序。随着矿工越来越多地清算其持股和主要交易所，PI网络的未来取决于提供有形用例以将令牌的价格从投机资产过渡到功能生态系统。

A Deep Dive into the Pi Network's Ecosystem and Adoption Challenges

深入了解PI网络的生态系统和采用挑战

The Pi Network's closed ecosystem, designed to restrict token mobility, has created an environment of artificial scarcity without fostering organic demand. In contrast to open networks where developers independently build utilities, the Pi project features a top-down approach, yielding few real-world applications.

PI网络的封闭生态系统旨在限制令牌移动性，它创造了一个人为稀缺的环境，而无需促进有机需求。与开发人员独立构建实用程序的开放网络相反，PI项目采用自上而下的方法，几乎​​没有现实世界的应用程序。

The team's emphasis on KYC compliance and controlled distribution clashes with the permissionless ethos of decentralized finance, further alienating critical segments of the crypto community. While millions engaged in mining Pi casually during its initial stages, converting this user base into active participants requires demonstrating value beyond speculative trading.

该团队强调KYC合规性和控制分销的冲突与无许可的分散财务精神，进一步疏远了加密货币社区的关键部分。虽然数百万在其初始阶段随便从事采矿，但将该用户群转换为活跃的参与者需要表现出超出投机交易的价值。

Centralized governance and unclear node incentives threaten the long-term sustainability of the network. Early miners, who hold a majority of the token supply, are placing increasing sell pressure as they monetize years of accumulated tokens.

集中治理和不清楚的节点激励措施威胁着网络的长期可持续性。持有大部分代币供应的早期矿工，随着数年的积累代币的货币货币货币化，他们施加了越来越多的卖出压力。

Moreover, the lack of transparent roadmaps for interoperability or partnerships with other Layer 1 solutions threatens to isolate the Pi Network. The project's fate ultimately depends on bridging the gap between its mobile-first community and actionable blockchain utility, a challenge that cannot be solved by simply shifting the Mainnet launch date.

此外，缺乏用于互操作性的透明路线图或与其他第1层解决方案的合作关系有可能隔离PI网络。该项目的命运最终取决于弥合其移动领先社区与可操作的区块链公用事业之间的差距，这一挑战仅通过简单地移动主网发布日期就无法解决。

The 1-hour chart of the Pi Network (PI/USDT) shows a strong recovery from the $0.42–$0.47 support zone after a failed breakout led to a sharp selloff and new lows.

PI网络（PI/USDT）的1小时图表显示，突破失败导致抛弃和新的低点，从0.42– $ 0.47的支撑区恢复了强劲的恢复。

As the chart above, which was analysed by vallijat007 and published on TradingView, shows, price action rebounded aggressively, forming a bullish breakout from the descending wedge pattern.

如上图，由Vallijat007分析并在TradingView上发表，显示了价格行动积极反弹，从而从下降的楔形模式中形成了看涨的突破。

Since then, the PI price has been consolidating between the $0.55 support and $0.68 resistance, with multiple rejections observed near the resistance level. Currently, the price is testing the $0.64 zone, showing signs of a breakout attempt.

从那时起，PI价格一直在$ 0.55的支持和0.68美元的电阻之间巩固，并且观察到多次拒绝接近电阻水平。目前，价格正在测试0.64美元的区域，显示了突破尝试的迹象。

Relative strength index (RSI) is at 70, indicating overbought conditions, which may precede a pullback if the buying pressure fades. However, previous instances of RSI entering overbought territory were followed by short-term consolidations rather than major price reversals.

相对强度指数（RSI）为70，表明过分买卖条件，如果购买压力逐渐消失，则可能在回调之前。但是，以前的RSI进入过多的领土的实例之后是短期合并而不是主要价格逆转。

The MACD is bullish, having recently formed a golden cross and with the histogram bars rising, which suggests that momentum may support a push toward the $0.70 resistance. A breakout above this level could have the potential to propel PI towards $0.80, while failure might return the coin to the $0.60–$0.58 area.

MACD是看好的，最近形成了一个金十字架，直方图杆升起，这表明动量可能会支持朝着0.70美元的电阻推向。超过此水平的突破可能有可能将PI推向0.80美元，而失败可能会将硬币返回到0.60- $ 0.58的面积。

In conclusion, the PI price chart above shows bullish momentum, but traders should keep an eye on a confirmed breakout or signs of exhaustion as the price approaches resistance.

总之，上面的PI价格表显示了看涨的动力，但是当价格接近抵抗时，交易者应密切关注确认的突破或疲惫的迹象。

Community Hype vs. Lasting Value

社区炒作与持久价值

The Pi Network stands at a pivotal moment where technical momentum and ecosystem fundamentals seem to be diverging. While recent price action shows bullish potential and there's optimism in the community, the project's long-term viability depends on overcoming several key challenges.

PI网络站在一个关键时刻，技术动量和生态系统基础似乎有所不同。尽管最近的价格行动表明了看涨的潜力，并且在社区中充满乐观，但该项目的长期生存能力取决于克服几个关键挑战。

With no major exchanges listing the token despite previous rumors and users gradually cashing out their holdings, the question remains: can the Pi Network build a functional ecosystem to transition the token's price from a speculative asset to a valuable token with sustained demand?

尽管没有谣言和用户逐渐兑现其股份，但没有主要交易所列出令牌，问题仍然存在：PI网络是否可以建立一个功能性生态系统来将代币的价格从投机性资产过渡到有持续需求的有价值的代币？

The coming weeks will be crucial in determining whether the project can leverage its mobile-first community to create something truly valuable or if technical rebounds will ultimately be consumed by structural weaknesses. For now, there's cautious optimism, but ultimately, only execution can silence the skeptics.

接下来的几周对于确定该项目是否可以利用其移动领先社区来创造真正有价值的东西，或者最终将被结构性弱点所消费。就目前而言，有谨慎的乐观情绪，但最终，只有执行才能使怀疑论者保持沉默。