PI Network（PI）在过去24小时内飙升7.8％，从$ 0.86弹跳到每日高点1.08美元

这种价格上涨遵循下降渠道内数周的向下压力，这表明测试支持后潜在的短期底部

Pi Network (PI) price surged 7.8% in the last 24 hours, bouncing from a low of $0.86 to reach a daily high of $1.08.

PI Network（PI）的价格在过去24小时内飙升了7.8％，从低于0.86美元的低点弹跳到每日高点1.08美元。

This price increase follows several weeks of downward pressure within a descending channel, suggesting a potential short-term bottom after testing the support level of around $0.8627.

这种价格上涨是在下降渠道内数周的下降压力之后，这表明在测试支持水平约为0.8627美元左右后，潜在的短期底层。

Despite the recovery, Pi remains below the 50-period Exponential Moving Average (EMA), currently at $1.2213. Technical resistance is forming at $1.10 and it needs to break above $1.1089 to confirm continued bullishness.

尽管恢复了，但PI仍低于50个周期的指数移动平均线（EMA），目前为1.2213美元。技术阻力的形成为1.10美元，需要超过1.1089美元以确认持续看涨。

If successful, the next upward price targets will be $1.22 and $1.35. If this momentum cannot be maintained, the price may revert to $0.86—or even lower at $0.64.

如果成功，下一个上升目标目标将为$ 1.22和1.35美元。如果无法维持此势头，价格可能会恢复到0.86美元，甚至降低为0.64美元。

Delayed listing on Binance continues to cloud sentiment

Binance上的延迟列表继续笼罩着情感

Much of the recent volatility may stem from Binance's decision not to include Pi in its latest community vote, despite 86% of voters supporting the listing. This omission has led to investor disappointment and new selling pressure, especially in the context of an already fragile sentiment.

尽管有86％的选民支持上市，但最近的大部分波动性可能源于Binance决定不将PI纳入其最新社区投票的决定。这种遗漏导致投资者失望和新的销售压力，尤其是在已经脆弱的情绪中。

Overview of triggering factors for volatility:

触发因素的概述：

Uncertainty about Binance's listing despite strong user support

尽管用户支持强烈

Unconfirmed rumors about token burns add to the confusion

关于令牌烧伤的未经证实的谣言加剧了混乱

Hawkish macro conditions tied to Fed policy

鹰派宏观条件与美联储政策有关

User disappointment related to the loss of tokens during migration

用户失望与迁移期间令牌丢失有关

With price action increasingly dominated by sentiment, the lack of clear significant milestones for Pi further amplifies the speculation surrounding this token.

随着价格行动越来越受到情感的统治，缺乏明显的重要里程碑，进一步扩大了围绕该令牌的猜测。

What are the next price levels and outlook for Pi Coin:

PI硬币的下一个价格水平和外观是什么：

Technically, Pi needs to break above $1.1089 and hold above $1.20 to signal a trend reversal. Additionally, levels of $1.35 and $1.51 represent intermediate targets.

从技术上讲，PI需要超过$ 1.1089，并持有以上1.20美元的价格，以表明趋势逆转。此外，$ 1.35和1.51美元的水平代表中间目标。

On the other hand, support is found at $0.8627, with deeper risk levels at $0.6441 and $0.4414.

另一方面，支持的价格为0.8627美元，更深的风险水平为0.6441美元和0.4414美元。

Market performance is likely to remain sensitive to macro factors such as the Federal Reserve's interest rate policy and overall cryptocurrency sentiment.

市场绩效可能对宏观因素保持敏感，例如美联储的利率政策和整体加密货币情绪。

Main technical levels:

主要技术级别：

Resistance levels: $1.1089, $1.2213 (EMA), $1.3536

电阻水平：$ 1.1089，$ 1.2213（EMA），$ 1.3536

Support: $0.8627, $0.6441, $0.4414

支持：$ 0.8627，$ 0.6441，$ 0.4414

Breaking above $1.20 with volume confirmation could mark the beginning of a broader trend reversal, but until then, caution is still necessary.

在数量确认的情况下，打破1.20美元以上的$ 1.20可能标志着更广泛的趋势逆转的开始，但在此之前，仍然需要谨慎。

What caused the previous PI sell-off?

是什么原因导致了以前的PI抛售？

Before the recent recovery, Pi experienced continuous losses. Here are the reasons behind the downtrend:

在最近恢复之前，PI经历了持续的损失。这是下降趋势背后的原因：

Macroeconomic pressure: The Federal Reserve's pause on interest rates at 4.50% has failed to soothe the market. Uncertainty surrounding future cuts is putting pressure on speculative assets, including cryptocurrencies.

宏观经济压力：美联储的利率停顿为4.50％，未能抚慰市场。围绕未来削减的不确定性构成了投机资产的压力，包括加密货币。

Concerns about token supply: The circulating supply stands at 6.84 billion, with a total cap of 100 billion. Rumors about token burns have never been confirmed, increasing inflation concerns among investors.

对令牌供应的担忧：循环供应量为68.4亿，总上限为1000亿。关于代币烧伤的谣言从未得到证实，这增加了投资者的通货膨胀问题。

Disappointment over exchange listing: The highly anticipated Binance listing around March 14 did not occur, resulting in a sharp decline as expectations were abruptly reset.

对交换清单的失望：3月14日左右的备受期待的二元列表尚未发生，由于预期突然重置，因此急剧下降。

Losses related to migration: Operational issues, including the loss of tokens due to expiration, further erode user trust during the Pi network transition.

与迁移有关的损失：运营问题，包括由于到期而导致的令牌丢失，在PI网络过渡期间进一步侵蚀了用户信任。

Final thoughts: Short-term optimism, long-term uncertainty

最终想法：短期乐观，长期不确定性

While the 7.8% increase of Pi Coin signals renewed interest, it has yet to overcome key resistance levels or address its structural issues. Without confirmed exchange listings, a transparent tokenomics roadmap, and consistent network performance, Pi remains a speculative asset navigating a volatile environment.

尽管PI硬币的7.8％提高信号恢复了兴趣，但它尚未克服关键阻力水平或解决其结构性问题。如果没有确认的交换清单，透明的标记路线图和一致的网络性能，PI仍然是一种投机资产，可导航挥发性环境。