Pi Network Price Faces Bearish Pressure Despite AI-Fueled Optimism

Followed by a recent post from the account hinted that PI coin is set to surprise investors in the coming weeks. The source of this optimism remains unclear, but the core team behind PI Network has been actively promoting their efforts to develop applications through Pi App Studio. 

This seems like a calculative strategy aiming to transform the coin’s image from a stagnant asset to a promising utility coin for the future. But will it work? Still a mystery.

However, this post seems like an artificial post, just an effort to pump PI, which is more clear than ever with its on-chain metrics, that describes the overall flow of people’s thoughts are bearish and pessimistic. Even negative sentiment for PI just spiked, while positive sentiment on the chart can be seen clearly that it is on decline.

Can This Be An End For PI Network’s Price?

The PI Network price has reached a level on the chart that is marked as either a MAKE-OR-BREAK moment, as periods of low volatility have often preceded a significant outburst if an asset is truly credible. 

Is the PI Network credible for gains? Many might be wondering this at this point. However, with token unlocks lined up for the next 30 days and weak utility factors contributing to lower adoption, positive views are overshadowed by bearish sentiment. This clearly indicates that PI could be approaching its final shattering point.

If it loses support near $0.477, it could slide to an all-time low of $0.40, raising the odds for the PI Network to descend further into the abyss. Conversely, if the token unlocks meet the right demand and drive utility-driven adoption, only then does it have a chance of survival in the industry.