Pi Network’s Dilemma: 138M Tokens Unleashed – Will Mr. Market Propose or Decline? 💔📉

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Pi Network (PI), that most fickle of investments, now finds itself besieged by 138.21 million tokens, valued at a paltry $37 million, set to be unlocked in October. One might almost pity the poor creature.

The altcoin, having languished in a stagnant waltz since September 23, now risks a descent into its all-time low, should the fickle winds of demand continue their cruel jest.

PI Under Pressure as Sentiment Turns Bearish

October’s unlock arrives at a most inconvenient hour, when investor confidence is already as delicate as a maiden’s resolve at a ball. On-chain data reveals PI’s weighted sentiment-ah, that most fashionable gauge-slipped below zero on September 24 and has remained there ever since, much like a gentleman’s fortune after a night at the gaming table. Santiment, that most esteemed of observers, notes a current score of -0.63, a figure so dire it might make Lady Catherine de Bourgh weep.

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Weighted sentiment, that most refined of metrics, combines the volume of social mentions with the ratio of positive to negative commentary. It is, in essence, a measure of whether the toning of discourse leans toward the sprightly or the gloomy.

When above zero, it suggests more positive chatter than complaints, a most favorable impression. Alas, a negative reading-ah, the horror!-indicates more criticism than support, a most bearish affair.

With PI’s sentiment lingering below zero for over a week, it is clear that the market’s affections have turned cold. One might expect a price dip as inevitable as a summer rainstorm. 🌧️

Further, the PI’s Super Trend Indicator, that most persnickety of tools, continues to act as a dynamic resistance above the price at $0.3279, much like a chaperone at a ball refusing to let one’s spirits rise.

This indicator, like a well-dressed host, identifies the market’s direction by placing a line above or below the price chart, based on the asset’s volatility. A most precise dance of numbers. 🌀

When an asset’s price trades below the Super Trend line, it signals a bearish market, where selling pressure reigns supreme. Poor PI is now as vulnerable as a debutante at her first ball, left to fend for herself. 🕺

Will Bears Drive It to $0.18 or Bulls Force a Rebound?

The lack of demand for PI and the impending influx of supply mean the altcoin may remain trapped in sideways consolidation or face a sharp breakdown. If demand weakens further, PI could plummet below $0.2573 toward its all-time low at $0.1842, a fate as bleak as a winter’s day. ❄️

However, should traders step in to absorb the incoming supply, PI might stabilize and attempt a rebound. Perhaps it could break above $0.2917 and push toward $0.3987, though one would not bet their last shilling on it. 🎲

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2025-09-30 19:26