PI Network（PI）价格崩溃了55％，因为令牌解锁和更广泛的市场弱点重

PI网络价格急剧下降，最近几天丧失了重大价值。最近在加密投资者中获得了吸引力的代币

The Pi Network price has seen a sharp decline, losing significant value in recent days. The token, which recently gained traction among crypto investors, has dropped below a crucial support level as its latest recovery attempt lost momentum.

PI网络价格急剧下降，最近几天失去了显着价值。最近在加密货币投资者中获得了吸引力的代币，随着其最新的恢复尝试损失势头，其最新​​的支持水平下降了至关重要的支持水平。

On Sunday, Pi Network’s price hit $1.3340, marking a staggering 55% drop from its February peak. The coin’s market capitalization now stands at approximately $9.7 billion, raising concerns among investors about its future trajectory.

周日，PI Network的价格达到了1.3340美元，标志着从2月的峰值下降了55％。硬币的市值现在约为97亿美元，引起了投资者对其未来轨迹的担忧。

Why Is the Pi Network Price Crashing?

为什么PI网络价格崩溃？

Several key factors have contributed to Pi Network’s recent downturn, including concerns over token unlocks, broader crypto market weakness, and bearish technical patterns. Let’s break down these factors in detail.

PI Network最近的下滑，包括对令牌解锁的担忧，更广泛的加密货币市场弱点和看跌技术模式的关注。让我们详细分解这些因素。

Concerns Over Token Unlocks and Dilution

担心令牌解锁和稀释

One of the primary reasons behind Pi Network’s price decline is the concern surrounding upcoming token unlocks. Data from the Pi Network explorer reveals that the circulating supply stands at 7.22 billion tokens, while the total supply is set at a staggering 100 billion. This means that approximately 93 billion tokens remain to be unlocked gradually over the coming years.

PI网络价格下跌的主要原因之一是围绕即将到来的令牌解锁的关注点。 PI Network Explorer的数据表明，循环供应量为72.2亿代币，而总供应量设定为惊人的1000亿。这意味着在未来几年中，仍有大约930亿个代币要逐渐解锁。

For March alone, Pi Network is expected to unlock 188 million tokens, adding to the circulating supply. Moreover, over 1.4 billion tokens are scheduled for release throughout the year. A significant portion of these unlocks will take place between 2027 and 2028.

仅在三月，PI网络预计将解锁1.88亿个令牌，从而增加循环供应。此外，计划全年发布超过14亿个代币。这些解锁的很大一部分将在2027年至2028年之间进行。

A rapid increase in the token supply without a proportional rise in demand could lead to further price drops. When a large volume of tokens enters the market, it typically results in dilution, reducing the value of each token. Investors appear to be reacting to this potential devaluation by offloading their holdings.

代币供应迅速增加而没有比例的需求增加可能会导致价格下跌。当大量令牌进入市场时，通常会导致稀释，从而降低每个令牌的价值。投资者似乎通过卸载其股份来应对这种潜在的贬值。

Crypto Market Weakness Weighs on Pi Network

加密市场弱点在PI网络上

The broader cryptocurrency market has experienced a downturn, and Pi Network has not been immune to this bearish sentiment. Bitcoin, the flagship cryptocurrency, has recorded a substantial decline, with the total market capitalization of all digital assets falling by 3.65% to $2.75 trillion.

更广泛的加密货币市场经历了低迷，PI网络尚未免疫这种看跌感。比特币是旗舰加密货币，已有大幅下降，所有数字资产的总市值下降了3.65％，至2.75万亿美元。

The recent market-wide decline follows critical events in the U.S., including former President Donald Trump’s crypto summit. While the summit brought attention to digital assets and introduced discussions about a strategic crypto reserve, the market reaction has been largely negative. Investors appear to be engaging in a “sell-the-news” phenomenon, where they unload their holdings following major announcements.

最近在市场范围内的下降是在美国的关键事件之后，包括前总统唐纳德·特朗普的加密峰会。峰会引起了人们对数字资产的关注，并引入了有关战略加密保护区的讨论，但市场反应在很大程度上是负面的。投资者似乎正在参与“销售新闻”现象，在重大公告后，他们卸下了股份。

Given the correlation between Bitcoin and altcoins, Pi Network has followed the broader market trend, exacerbating its already fragile technical position.

鉴于比特币与山寨币之间的相关性，PI网络遵循了更广泛的市场趋势，加剧了其已经脆弱的技术地位。

Bearish Technical Signals

看跌技术信号

From a technical perspective, Pi Network’s price crash was anticipated due to the formation of a Head and Shoulders pattern—a well-known bearish indicator in financial markets.

从技术的角度来看，由于头部和肩膀模式的形成，这是金融市场中众所周知的看跌指标，预计PI网络的价格崩溃。

Pi Network peaked at $3 in February before steadily declining. The neckline of this pattern, which was located at $1.5020, was breached, confirming the bearish breakout. The token has since dropped below key technical levels:

PI Network在2月达到了3美元的峰值，随后稳步下降。这种图案的领口被违反了1.50美元的损失，证实了看跌的突破。此后，令牌已降至关键技术水平以下：

These technical indicators suggest that Pi Network may continue its downward trajectory unless there is a strong reversal signal from buyers.

这些技术指标表明，除非买家有强烈的逆转信号，否则PI网络可能会继续其向下轨迹。

Where Is Pi Network Headed Next?

PI网络下一步在哪里？

If the bearish trend persists, Pi Network could decline further, with sellers targeting the $1.00 support level. A break below this level could accelerate losses, potentially pushing Pi Network to its post-listing lows. Such a scenario would represent an additional 50% drop from current levels.

如果看跌趋势仍然存在，PI网络可能会进一步下降，卖方以1.00美元的支持水平为目标。低于此水平的突破可能会加速损失，从而将PI网络推向其后列表的低点。这样的情况将代表当前水平下降50％。

On the flip side, if Pi Network manages to reclaim and sustain above the $1.50 resistance level, it could invalidate the bearish outlook. A successful push above this level could signal renewed buying interest and open the door for a potential recovery towards $2.00.

另一方面，如果PI网络设法收回并维持高于1.50美元的电阻水平，则可能使看跌前景无效。超过此级别的成功推动可能意味着重新购买利息，并为潜在的回收率打开大门，以2.00美元的价格收回。