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#PI# The Calm Before the Deep: Is $PI Facing Its Next Reckoning?
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The recent price movement of Pi Network ($PI) reveals a clear sign of weakening buying momentum. After briefly testing the $0.60 level and failing to hold, selling pressure has taken the reins, amplified by an increasing volume of unlocked tokens from earlier phases. This confirms a short-term bearish trend, as many market participants choose to wait at lower levels. Order books show massive accumulation clusters below $0.50, signaling a collective expectation that further correction may be imminent.
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If the psychological support at $0.60 fails once more, $PI is likely to test the $0.50 or even $0.45 zone as the next bounce area. This isn’t just market fear—it’s a quiet accumulation strategy by smart money aiming for better average entry points. This phase reflects a healthy redistribution in a project facing significant supply realization. Pi Network now stands at a critical threshold—either to endure as a strong long-term vision, or be reshaped by a more rational, unforgiving market.
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DYOR