Crypto $PI: 188 Million Tokens Unlocked in March as $PI Eyes $3 Rally

• Unlock: 188 million PI tokens.
• PI Price: Expectation of recovery.
• $PI coin up to $3?

Crypto $PI, a cryptocurrency project that has generated a lot of anticipation among investors, is preparing for a significant event in March: the unlocking of 188 million PI tokens. Despite not yet being listed on major exchanges, PI Network has gained millions of users, and this unlocking raises questions about the impact on the market and the price of the token.

O unlock A large volume of tokens usually causes volatility in the price of a cryptocurrency. However, PI Network has an engaged community and a long-term holding strategy, factors that can mitigate the negative impact. In the last 24 hours, the PI token has seen a drop of almost 5%, interrupting its upward trajectory towards the $2 mark. After reaching an all-time high of $3, the price of PI has been fluctuating between $1,70 and $1,88, as observed the “dhrugtest” expert.

At the time of publication, the Pi Network (PI) price was trading at $1,79, down 4.9% in the last 24 hours. Amidst the dizzying growth in the last few days, PI Coin managed to position among the top 20 cryptocurrencies by market capitalization, surpassing big names such as HBAR (Hedera), LINK (Chainlink) and AVAX (Avalanche). Currently, $PI is the 12th largest cryptocurrency with a market capitalization of $12.6 billion.

$PI coin up to $3?

The renewed interest in PI Network is fueling optimism for a recovery and a possible return to the all-time high. Cryptocurrency analyst Jimmy Boss highlighted the accumulation sequence of the PI token. According to the analysis, if the token continues to accumulate in the current range, the $3 mark could become a new support level. If the price drops to the lower range, the accumulation phase could continue.

“The accumulation process in $PI coin continues. If it continues to accumulate in the third box without entering the second box, then [$3] and above becomes the new accumulation level. If it enters the second box, it means that the accumulation phase will take longer. Pi is holding strong, being quietly accepted and continuing to attract investors,” explained .

Source: TradingView/Jimmy Boss 

PI Network has demonstrated resilience, gradually gaining acceptance and attracting investors. The community remains vigilant about the token unlocking and its potential impact on the market.