标题：PI Network（PI）仍然处于深熊市，并且在备受期待的PI日之前面临着重大风险

PI网络仍处于深熊市的状态，并且在备受期待的PI日之前面临着重大风险。

Pi Network, the blockchain project powered by the mining efforts of 10 million users, remains in a deep bear market and is facing several risks ahead of the much-anticipated Pi Day.

PI Network是由1000万用户的采矿努力提供支持的区块链项目，仍处于深熊市，并且在备受期待的PI日之前面临着几种风险。

Pi Coin (PI) dropped by over 45% from its highest level in February, bringing its market cap to over $11.7 billion and its fully diluted valuation to $164.35 billion. The token will be in the spotlight on Friday as the world celebrates Pi Day, which honors the mathematical constant π (pi).

Pi Coin（PI）从2月的最高水平下降了45％以上，其市值超过117亿美元，其估值完全稀释至1643.5亿美元。随着世界庆祝PI日，该令牌将在周五成为焦点，这是尊敬数学常数π（PI）的焦点。

Pi Day is celebrated on March 14 each year, aligning with the value of pi (3.14). This event could spark increased interest in the token. However, Pi Network faces several potential risks that could impact its price in the coming days.

PI日每年3月14日庆祝，与PI的价值（3.14）保持一致。这项事件可能会引起对令牌的兴趣。但是，PI网络面临几种潜在的风险，可能会影响未来几天的价格。

Popular tier-1 exchanges are yet to list it even after it became one of the biggest coins in the crypto industry. Binance, which had a popular poll on Pi Network listing has not confirmed when this will happen.

即使成为加密行业中最大的硬币之一，流行的Tier-1交换也尚未列出。 Binance在PI网络上市上进行了流行的民意调查，尚未确认何时发生这种情况。

Other major platforms like Gemini, Kraken, Upbit, and Coinbase have also not listed Pi Coin. A listing on Coinbase and Kraken would open the token to the U.S. market, while Upbit would increase its exposure in South Korea.

Gemini，Kraken，Upbit和Coinbase等其他主要平台也没有列出PI硬币。关于Coinbase和Kraken的上市将打开美国市场的代币，而UPBIT将增加其在韩国的曝光率。

Pi Network faces substantial dilution risks in the future since its circulating supply is 7.1 billion against a total supply of 100 billion. Over 188 million new tokens will be released this month, while over 1 billion will be released later this year. Token unlocks are bearish because they introduce new tokens, which lead to dilution.

PI网络将来面临着很大的稀释风险，因为其循环供应量为71亿，总供应量为1000亿。本月将发布超过1.88亿个新令牌，而今年晚些时候将发布超过10亿。令牌解锁是看跌，因为它们引入了新的代币，这导致稀释。

Pi Network price has formed two risky patterns

PI网络价格已经形成了两种风险模式

There are signs that the Pi coin price has formed two risky patterns that may lead to more downside in the coming weeks. It has formed a head and shoulders pattern, which often leads to more downside. This pattern is made up of a head, two shoulders, and a neckline.

有迹象表明，PI硬币价格已经形成了两种风险模式，在接下来的几周内可能会导致更多缺点。它形成了头部和肩膀的模式，通常会导致更多的缺点。这种图案由头部，两个肩膀和领口组成。

Most recently, the token has formed a rising wedge pattern, a popular bearish sign. This pattern is made up of two ascending and converging trendlines, and a breakdown happens when they near their confluence level.

最近，令牌形成了一个上升的楔形图案，这是一个流行的看跌标志。这种模式由两个上升和收敛的趋势线组成，当它们接近汇合水平时发生故障。

Therefore, there is a risk that the token will drop, potentially moving below the psychological point at $1.

因此，令牌可能会下降的风险，有可能以1美元的价格移至心理点以下。