随着更广泛的加密货币市场面临不稳定

PI网络（PI）令牌最近几天的价格大幅下降，降至0.608美元，标志下降了17％。

Pi Network (PI) token has experienced a significant price drop in recent days, falling to $0.611, marking a 17% decrease. This decline comes as the broader cryptocurrency market faces instability following the Mantra (OM) token crash, which saw OM lose nearly 90% of its value before recovering slightly with a 30% bounce.

PI Network（PI）令牌最近几天的价格大幅下降，下降到0.611美元，标志下降了17％。由于咒语（OM）令牌崩溃后，更广泛的加密货币市场面临着不稳定的情况，这种下降是出现的，后者看到OM损失了近90％的价值，然后以30％的反弹稍微恢复。

PI is currently trading at its lowest point in the past week, although it remains higher than levels seen a few weeks ago. Despite a brief recovery attempt that reached $0.7822, the price has failed to maintain momentum and has been rejected at key resistance levels.

PI目前在过去一周的最低点上交易，尽管它仍然高于几周前的水平。尽管短暂的恢复尝试达到了0.7822美元，但价格仍未保持动力，并以关键阻力水平被拒绝。

The downward trend has been ongoing for several weeks, with the token forming a pattern of lower highs and lower lows on the daily chart. This pattern indicates a bearish market structure that has yet to show signs of reversing.

下降趋势已经持续了几周，令牌在每日图表上形成了较低的高点和较低的低点模式。这种模式表明看跌的市场结构尚未显示出逆转的迹象。

Technical Indicators Point to Continued Weakness

技术指标指出持续弱点

Looking at the 4-hour chart, PI recently experienced a bearish market structure break when the price dropped below the $0.71 support level. This breakdown suggests that bears currently control the market direction.

从4小时的图表中看，当价格下降到0.71美元以下时，PI最近经历了看跌市场结构的破损。这种分解表明，熊当前控制着市场方向。

The Money Flow Index (MFI) on the 4-hour timeframe sits at 23, just above the oversold region, indicating strong selling pressure. Similarly, the Accumulation/Distribution (A/D) indicator has been stepping downward over the past two days, confirming weak buying volume.

4小时的时间范围的货币流量指数（MFI）位于23岁的超越地区，表明销售压力很大。同样，在过去的两天中，累积/分布（A/D）指标一直向下走，确认了较弱的购买量。

A key support zone has formed between $0.595 and $0.605, which has undergone multiple tests without yielding a definitive break. If this zone fails to hold, the next support levels to watch are $0.55 and potentially $0.52, where a market structure break might occur.

一个关键支撑区的形成在$ 0.595到0.605美元之间，该区域已经进行了多次测试，而没有产生明确的突破。如果该区域未能持有，那么要观看的下一个支持水平为$ 0.55，可能发生了0.52美元，可能会发生市场结构中断。

The Relative Strength Index (RSI) has twice dipped into oversold territory, suggesting potential short-term bottoms. These oversold conditions have aligned with MACD golden cross signals, hinting at brief bullish momentum within the broader downtrend.

相对强度指数（RSI）两次浸入超售区域，表明潜在的短期底部。这些过多的条件与MACD Golden Cross信号保持一致，这暗示了更广泛的下降趋势中的短暂看涨势头。

However, these recoveries have been short-lived, as the price continues to face resistance from the downward-sloping trendline. The current RSI reading of around 53 implies slightly bullish short-term momentum, but no clear breakout is evident yet.

但是，由于价格继续面对下降趋势线的抵抗力，这些回收率一直是短暂的。当前对大约53次的RSI读数意味着稍微看涨的短期势头，但尚无明确的突破。

Supply Concerns Weighing on Price

供应担忧的价格

One of the main factors putting pressure on Pi Network’s price is the tokenomics structure. According to reports, over 1.5 billion PI tokens are scheduled to be unlocked this year, significantly increasing the circulating supply.

给PI网络价格施加压力的主要因素之一是令牌结构。据报道，今年有超过15亿个PI令牌被解锁，大大增加了循环供应。

This supply inflation comes at a time when Pi Network has yet to secure listings on major exchanges like Binance or Coinbase, limiting potential demand growth. The imbalance between increasing supply and stagnant demand creates ideal conditions for continued price declines.

这种供应通货膨胀是在PI网络尚未确保诸如Binance或Coinbase等主要交易所的列表的时候，从而限制了潜在的需求增长。增加供应和停滞需求之间的不平衡为持续价格下降的理想条件带来了理想的条件。

The lack of transparency around token economics has also contributed to market uncertainty. Community members have expressed doubts about both the project’s future viability and its current market value, with calls for clearer, more consistent updates from the Pi Core Team.

令牌经济学周围缺乏透明度也导致了市场不确定性。社区成员对该项目的未来可行性及其当前的市场价值表示怀疑，呼吁PI Core团队更清晰，更一致的更新。

What’s Next for Pi Network?

PI网络的下一步是什么？

While the overall outlook appears bearish, some potential catalysts could help stabilize Pi Network’s price. Implementing a token burning mechanism that reduces circulating supply could help address inflation concerns and potentially drive up demand.

尽管整体前景似乎看跌，但一些潜在的催化剂可以帮助稳定PI网络的价格。实施降低循环供应的令牌燃烧机制可以帮助解决通货膨胀问题并有可能提高需求。

Securing listings on major exchanges would significantly boost liquidity and accessibility for potential investors. This would help bridge the gap between increasing supply and limited demand.

确保重大交易所上市将大大提高潜在投资者的流动性和可及性。这将有助于弥合供应增加与需求有限之间的差距。

For traders following PI, key levels to watch include resistance at $0.63 and $0.66, with a breakout above $0.71 potentially signaling a shift in market structure. On the downside, a break below $0.595 could accelerate selling pressure, with some analysts predicting a drop as severe as 55%, potentially testing the $0.3945 level.

对于PI之后的交易者，要观看的关键水平包括阻力为0.63美元和0.66美元，突破超过0.71美元，可能表明市场结构发生了变化。不利的一面是，低于$ 0.595的休息可能会加速销售压力，一些分析师预测下降到55％，可能会测试0.3945美元的水平。

Trading volume patterns will be critical to observe, as high-volume breakouts above resistance or breakdowns below support would provide stronger confirmation of the next price direction.

观察交易量模式将是至关重要的，因为高批量的突破超过阻力或支持下方的分解将为下一个价格方向提供更强有力的确认。

tldr; Pi Network (PI) token price has fallen to its lowest level in recent days, hitting $0.611 following a 17% decline from highs of $0.7822. The token is now trading at its weakest point in the past week, although it remains elevated compared to troughs seen a few weeks ago.

tldr; PI Network（PI）代币价格最近几天下降到其最低水平，在0.7822美元的高点下降17％之后，达到0.611美元。该令牌现在在过去一周的最弱点上交易，尽管与几周前的低谷相比，它仍然有所增加。

This decline comes amid broader cryptocurrency market instability following the Mantra (OM) token crash, which saw OM lose nearly 90% of its value before recovering slightly with a 30% bounce.

在咒语（OM）令牌崩溃之后，较广泛的加密货币市场不稳定性，这种下降是出于趋势，后者看到OM损失了其价值的近90％，然后以30％的弹跳稍微恢复。

The technical outlook on PI remains bearish, with the token forming a pattern of lower highs and lower lows on the daily chart, indicating a downtrending market structure that has yet to show signs of reversing.

对PI的技术前景仍然看跌，令牌在每日图表上形成了较低的高点和较低低点的模式，表明尚未显示逆转迹象的下降市场结构。

The MFI on the 4-hour chart is sitting at 23, just above the oversold region, which could suggest strong selling pressure. The Accumulation/Distribution indicator has also been stepping down over the past two days, confirming weak buying volume.

4小时图表上的MFI位于23岁，正好位于超售地区上方，这可能表明销售压力很大。在过去的两天中，累积/分销指标也一直在辞职，确认了较弱的购买量。

Key support is seen at $0.595 to $0.605

关键支持的价格为$ 0.595至$ 0.605