PI Network的（PI）代币在过去24小时内下降了近16％，现在以1.14美元的价格交易

PI Network的代币在过去24小时内下降了近16％，现在以1.14美元的价格易手，市值约为78.5亿美元

Pi Network’s token (PI) has dropped nearly 15% in the past 24 hours, now changing hands at $1.14 at the time of writing. The crypto, launched on February 20, is 62% down from its all-time high of $2.99 and has been trading in the red for more than 20 days now. Since the start of March, Pi has not traded above $2 and has shed over 34% of its value in a fortnight.

PI Network的代币（PI）在过去24小时内下降了近15％，现在在撰写本文时以1.14美元的价格易手。该加密货币于2月20日启动，比其历史最高高点2.99美元下降了62％，现在已经以红色交易了20天以上。自3月初以来，PI的交易尚未超过2美元，并且在两周内降低了其价值的34％以上。

Although the project still has several followers on social media, investors are seemingly offloading their holdings, which could have increased downward pressure on the token’s value.

尽管该项目在社交媒体上仍然有几个追随者，但投资者似乎正在卸载其持股，这可能会增加令牌价值的下降压力。

Pi Network’s token (PI) has dropped nearly 16% in the past 24 hours, now changing hands at $1.14 with a market capitalization of approximately $7.85 billion, according to CoinGecko. Pi’s circulating supply reportedly stands at 6.88 billion PI tokens.

根据Coingecko的数据，PI Network的代币（PI）在过去24小时内下降了近16％，现在以1.14美元的价格易手，市值约为78.5亿美元。据报道，PI的循环供应量为68.8亿PI令牌。

The crypto, launched on February 20, is 62% down from its all-time high of $2.99 and has been trading in the red for more than 20 days now. Since the start of March, Pi has not traded above $2 and has shed over 34% of its value in a fortnight.

该加密货币于2月20日启动，比其历史最高高点2.99美元下降了62％，现在已经以红色交易了20天以上。自3月初以来，PI的交易尚未超过2美元，并且在两周内降低了其价值的34％以上。

Although the project still has several followers on social media, investors are seemingly offloading their holdings, which could have increased downward pressure on the token’s value.

尽管该项目在社交媒体上仍然有几个追随者，但投资者似乎正在卸载其持股，这可能会增加令牌价值的下降压力。

Transparency is still in question, but profit-taking continues

透明度仍在疑问，但获利仍在继续

Naysayers of the Pi Network on X believe the project has some red flags that could be contributing to the sell-off. There are rumors on the social platform that say the top three holders collectively own 2.69% of the total supply, with the top 10 holders controlling the same percentage, which some community members believe is a little “alarming.”

X上PI网络的反对者认为，该项目有一些危险信号，可能会导致抛售。社交平台上有传言说，前三名持有人共同拥有总供应量的2.69％，前十名持有人控制着相同的百分比，一些社区成员认为这有点“令人震惊”。

Pi coin holders are gunning for a Binance listing, which has yet to happen even after 86% of the exchange’s users voted for the coin to be listed in a poll that started on February 18 and ended ten days later.

Pi硬币持有人正在竞争二元清单，即使在交易所的86％的用户投票赞成将硬币列为2月18日开始并在十天后结束的民意调查中，该币尚未发生。

According to analysts going by the username Alpha Crypto Signal on X, the token displayed signs of weakness over the weekend and predictably broke below a horizontal support level, which triggered a sharp sell-off.

根据X上用户名Alpha Crypto信号的分析师的说法，令牌在周末显示出虚弱的迹象，并且可以预见的是水平支撑水平以下，这引发了急剧的抛售。

The price has tanked across multiple timeframes since the beginning of this business week. On the 15-minute chart, PI is down 5.45%, trading just above the moving averages of 1.3343 and 1.3401. The 4-hour chart also shows a more profound bearish trend, with the token trading well below its 20-day Exponential Moving Average at 1.5688.

自本业务周开始以来，价格已经跨越多个时间表。在15分钟的图表上，PI下降了5.45％，略高于1.3343和1.3401的移动平均值。 4小时的图表还显示出更深刻的看跌趋势，令牌交易远低于其20天的指数移动平均线，为1.5688。

Miner sell-off after grace period ends

宽限期结束后的矿工抛售

According to some market analysts, Pi’s grace period expiration on March 14 triggered a minor sell-off. Prior to the deadline, Pi Network’s developers had urged users to complete the required steps to prevent losing a significant portion of their mined PI tokens.

根据一些市场分析师的说法，PI的GRACE时期到期3月14日引发了较小的抛售。在截止日期之前，PI Network的开发人员敦促用户完成所需的步骤，以防止丢失其大部分采矿PI令牌。

After the grace period ended, mining rewards no longer accumulated under the previous terms, and miners appear to have started liquidating their holdings, adding more supply to the market. The developers’ warning may have also created some fear, uncertainty, and doubt (FUD) within the community, contributing to selling pressures and price decline.

宽限期结束后，采矿奖励不再以前条款积累，矿工似乎已经开始清算其持股，从而增加了市场的供应。开发商的警告可能还会在社区内部引起一些恐惧，不确定性和怀疑（FUD），从而导致销售压力和价格下降。

According to TradingView contributor MyCryptoParadise, Pi’s technical analysis suggests that its bearish momentum could continue in the near term. The token has formed a head-and-shoulders pattern along the resistance trendline of a descending channel, a setup that typically signals further downside.

根据TradingView的贡献者Mycryptoparadise的说法，PI的技术分析表明，其看跌势头可能会在短期内继续进行。令牌沿着降频道的电阻趋势线形成了头和露肩模式，这种设置通常会进一步发出偏低的信号。

This pattern was confirmed when PI coin broke below the neckline and closed a candle beneath it on March 14. Such a move often precedes significant price declines, increasing the likelihood of additional losses if buyers fail to step in at key support levels.

当Pi硬币在领口下方打破并于3月14日关闭蜡烛时，这一模式得到了证实。如果买家未能以关键支持水平介入，则此举通常在大幅下降的价格下降，增加额外损失的可能性。

Traders are now waiting to see if PI will retest the neckline. If the price remains below the $1.5 mark, it could indicate a continuation of the downward trend. Yet, a break above the resistance zone around $1.7, coupled with strong trading volume, could invalidate the bearish setup and lead to a potential rebound.

交易者现在正在等待查看PI是否会重新测试领口。如果价格仍低于1.5美元，则可以表明延续下降趋势。然而，高于1.7美元的电阻区的突破，再加上强劲的交易量，可能使看跌的设置无效，并导致潜在的反弹。