Crypto currency investors have recently been locked in the fluctuations in Pi Network (Pi Coin). The price fell below 0.8 dollars, investors began to be uneasy. However, this decrease can only be a start. Some experts draw attention to a new bottom point of $ 0.6, while others argue that the opposite is on the verge of an explosion. So, which scenario is stronger? Kriptokoin.com.

The price is stretching, the volume is increasing: What happens in the market?

Pi Coin has lost about 3 percent in the last 24 hours. The price is traded at $ 0.79 at the moment. Interestingly, despite this decline, the volume of transaction is increased by more than 30 percent. The daily volume reached 327 million dollars.

This shows that there is still a serious activity in the market. While some investors sell with panic, others consider these levels as an opportunity to purchase. In this environment full of emotional decisions, technical analysis becomes even more important.

Hundreds of millions of coins are released: $ 0.6 danger is growing

According to Piscan data, over 105 million Pi Coin locks will be opened in the next 30 days. This means that a supply of approximately $ 85 million will enter the market. An average of 3.5 million coins will be released on average.

This large supply pressure can be directly effective on the price. Moreover, this is not just a short -term situation. 1.6 billion pi coins will be released for the next 12 months. This process seems to continue until 2028. So the pressure on the market can be permanent.

Community Reaction: The expectation of burning mechanism is increasing

Most of the investors are uncomfortable with this situation. Calls are made to the Pi Core team on social media and community forums. Steps to reduce Circulation are required to be taken. Especially token burning or control mechanisms with smart contracts are on the agenda.

However, no official statement has been made so far. This silence creates more uncertainty in the markets. As insecurity increases, sales pressure can increase. This strengthens the likelihood of the price to land for $ 0.6.

Some analysts hopeful: This decrease in the price of Pi coin may be a harbinger of the big rally

Although a cautious air prevails throughout the market, some technical analysts argue that the possibility of rise is strong. In particular, RSI incompatibility and Fibonacci support levels show that Pi Coin may have a leap.

Analyst Coinvo says the current region offers a strong purchase opportunity. According to him, with the exit from this region, the price can reach much higher levels. However, investors need to be careful and take the risks into consideration.

Pi Coin can be seen in April 0.54 dollars

Some market estimates suggest that Pi Coin may decrease to $ 0.54 in April. If this estimate occurs, it means a decrease of approximately 30 percent from today’s levels.

In the light of all these developments, a very critical period awaits Pi Coin investors. Although the direction for the time being is uncertain, a harsh break may be experienced after this silence of the price. Will this break up or down? The answer is very soon …