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#PI# If by the end of the year there is still no good ecosystem, the project party should consider that their ideas are unrealistic and should change their thinking. The network should be open source, fully opened up, completely decentralized, and develop freely. Perhaps there is still a glimmer of hope.
In the past 24 hours, over 2 million PI has flowed into the exchange, increasing the market supply by 0.25%. Technical indicators show that despite a bullish crossover in MACD, the RSI remains in the oversold zone at 35.85, indicating significant short-term downward pressure.
This month, Pi Network plans to unlock 233 million tokens. If market demand does not increase correspondingly, it may further exacerbate selling pressure. The project party stated that they will accelerate the development of the Mainnet and ecological applications to boost market confidence.