12,000,000 PI in a Single Day: What’s Going on With Pi Network?

The cryptocurrency market has been booming lately, with Bitcoin (BTC) reaching a new all-time high price of nearly $126,000. However, Pi Network’s PI has so far struggled to catch this green wave, remaining stuck in red ￰0￱ the following lines, we’ll explore why a long-awaited comeback rally could finally be on the ￰1￱ Bears Could Capitulate PI currently trades at around $0.26, representing a 24% decline on a monthly scale and a 90% crash from the peak of $3 registered earlier this ￰2￱ important indicators, though, signal that the pain for the bulls might be over ￰3￱ first one is the diminished amount of tokens stored on crypto ￰4￱ have transferred over 12 million PI to self-custody wallets within the past 24 hours alone, as nearly all of these were withdrawn from ￰5￱ development demonstrates increased confidence in the asset, resulting in reduced selling ￰6￱ on the list is PI’s Relative Strength Index (RSI), which dropped below ￰7￱ technical analysis tool measures the speed and magnitude of recent price changes to give traders an idea about potential trend ￰8￱ around and below 30 signal that the asset could be oversold and poised for a rally.

Conversely, readings beyond 70 are seen as a warning for a short-term ￰9￱ but not least, we will touch upon the upcoming token ￰10￱ shows that less than 120 million PI will be released in the next 30 days, which is far less than the amount freed up in the previous ￰11￱ Token Unlocks,