PI Network（PI）跌至低于$ 0.6156后，进行了强劲的恢复

3月16日，PI Network（PI）的交易价格为1.7650美元，比2月20日的最低水平增长了几乎190％。

Pi Network (PI) price has staged a strong recovery after falling to a low of $0.6156 following its mainnet launch in February. The cryptocurrency is now up by almost 190% from the lows.

PI Network（PI）的价格在2月的主网推出后，跌至0.6156美元的低点后，已上涨。现在的加密货币比低点差不多190％。

As of 1:43 (GMT+8) on March 16, Pi Network was trading at $1.7650. It has several catalysts that may push it higher in the coming months.

截至3月16日的1:43（GMT+8），PI Network的交易价格为1.7650美元。它有几种催化剂在未来几个月内可能会将其提高。

Mainnet resilience

主网弹性

To a large extent, Pi Network’s resilience after the mainnet launch has proven that it is not a scam, as many had feared. It fell to a low of $0.6156 on February 20 before recovering to trade above $1.5 at the time of writing.

在很大程度上，Mainnet发射后PI网络的弹性证明这不是许多人所担心的骗局。它在2月20日下降到了0.6156美元的低点，然后在撰写本文时恢复了超过1.5美元的交易。

Several reports in the past few months had warned that Pi Network was a scam due to its zero market cap on CoinMarketCap and the fact that it had no value despite having millions of users.

在过去的几个月中，有几份报告警告说，由于CoinMarketCap上的零市值，PI网络是一个骗局，而且尽管拥有数百万用户，但它没有价值。

However, it appears that the cryptocurrency is slowly gaining recognition, especially in the wake of the increasing interest in cryptocurrencies and exchange-traded funds (ETFs).

但是，似乎加密货币正在缓慢地获得认可，尤其是在对加密货币和交易所交易资金（ETF）兴趣越来越多之后。

Earlier this year, several tier-1 exchanges, including Binance, Coinbase (NASDAQ:COIN), Upbit, Crypto.com, and Kraken, announced that they would be applying for a spot bitcoin ETF.

今年早些时候，包括Binance，Coinbase（NASDAQ：COIN），UPBIT，Crypto.com和Kraken在内的几级交易所宣布，他们将申请现货比特币ETF。

The world’s largest cryptocurrency exchange, Binance, is also planning to apply for an ETF, with CEO Changpeng Zhao saying that the exchange is "working on it."

世界上最大的加密货币交易所Binance也计划申请ETF，首席执行官Changpeng Zhao表示，交易所“正在努力”。

The size of Pi Network and the fact that it is a Made in USA coin, means that it may become a spot ETF candidate. Pi has a market cap of over $13 billion, making it a larger coin than others that have received ETF applications, such as Stellar (XLM), Litecoin (LTC), and Hedera Hashgraph (HBAR).

PI网络的大小及其是美国硬币制造的事实，这意味着它可能成为ETF候选人。 PI的市值超过130亿美元，使其比收到ETF申请的其他人更大，例如Stellar（XLM），Litecoin（LTC）和Hedera Hashgraph（HBAR）。

Initial data shows that Pi Network is also a highly popular coin, with daily volume exceeding $800 million. This suggests that an ETF based on it would likely attract strong investor interest.

初始数据表明，PI网络也是一枚非常受欢迎的硬币，每天的数量超过8亿美元。这表明基于它的ETF可能会引起强大的投资者兴趣。

Exchange listings

交换清单

Further, Pi Network has already been listed by several large centralized exchanges, including OKX, Bitget, MEXC, and Gate.io. However, several tier-1 exchanges have yet to list it.

此外，PI网络已经列出了几个大型集中式交易所，包括OKX，BITGET，MEXC和GATE.IO。但是，几个级交易所尚未列出。

There is a possibility that Binance will list it following a poll in which most participants voted in favor.

在一项民意调查之后，大多数参与者都投票支持。

These exchange listings would likely contribute to a higher Pi Network price in the future.

这些交换列表将来可能会导致更高的PI网络价格。

Token unlocks

令牌解锁

However, a significant risk may hinder Pi coin’s price performance: token unlocks.

但是，很大的风险可能会阻碍Pi Coin的价格绩效：令牌解锁。

CoinMarketCap data shows that the maximum supply of Pi Network coins is 100 billion, compared to a circulating supply of 7 billion.

CoinMarketCap数据表明，PI网络硬币的最大供应量为1000亿，而循环供应70亿。

According to Pi explorer, millions of new tokens will be released into the network each month—188 million this month and 91.5 million in March. Over 1.4 billion new tokens will be released this year.

根据PI Explorer的说法，每月将有数百万个新令牌发布到该网络中，本月为1.88亿，三月份将释放9150万。今年将发布超过14亿个新令牌。

New token unlocks typically dilute existing holders by increasing supply.

新令牌通常通过增加供应来解锁现有持有人。

Pi Network price analysis

PI网络价格分析

The hourly chart shows that the Pi coin price has pulled back to $1.80 after reaching a high of $2 this week. It has moved below the lower boundary of the rising wedge pattern. A wedge is a highly bearish pattern characterized by two ascending and converging trendlines.

每小时图表显示，本周高点2美元后，PI硬币的价格已降至1.80美元。它已移动到上升楔形图案的下边界以下。楔形是一种高度看跌的模式，其特征是两个升序和融合趋势线。

Pi has also formed a head and shoulders pattern. Therefore, it is likely to retreat and retest the key support at $1.533, its lowest level on March 2. A move above the right shoulder at $2 would invalidate the bearish outlook.

PI还形成了头部和肩膀模式。因此，它很可能会在3月2日的最低水平上撤退并重新测试关键支撑。右肩上方以2美元的价格上涨，这将使看跌的前景无效。