Pi Network Price Faces Bearish Pressure Despite AI-Fueled Optimism

The post Pi Network Price Faces Bearish Pressure Despite AI-Fueled Optimism appeared first on Coinpedia Fintech News

The price of PI Network has shown remarkable resilience, hovering around the $0.477 mark in the first week of July. Bullish traders are stepping in to defend this level, to protect its price from a drop that could lead to a revisit of its all-time low. 

As technical signals, the token’s price has been consolidating, leaving many to wonder about its next move.

While its recent data from PiScan reveals a concerning future over the next 30 days, as more than 300 million tokens are waiting to be unlocked. The past is evident that it is not good news, at least for Pi Network, because demand has failed to keep pace with the influx of new tokens.

Is Artificial Optimism In The Market For PI Network?

Despite these bearish indicators, a wave of possible artificial optimism is emerging, fueled by the X account Pi News, which is claiming that PI could soon print the largest green candle in crypto history. 

$Pi is going to print the largest green candle in the crypto history, believe this .