Pi: Will it achieve a breakthrough alongside the ecosystem?PIUSDT SPOTBITGET:PIUSDTduydaocoinPi Network (PI) is facing selling pressure on higher timeframes, trading within the $0.08 to $0.09 range. Given its history of high volatility and a circulating supply affected by periodic token releases, PI’s short-term outlook is bearish, while its long-term prospects depend on ecosystem development. Price Trend and Support/Resistance Analysis: - Long-term trend: PI is currently trading within a downtrend channel, showing a significant decline from previous all-time highs. - Key support zone: The $0.075 level serves as a critical support zone. Maintaining this level is essential to prevent further downside. - Resistance zone: To reverse the trend, PI needs to break above the immediate resistance level around $0.085 (corresponding to the 38.2% Fibonacci retracement level) and sustain a trading volume exceeding $30 million USD to confirm buying momentum. Supply-Demand Dynamics and Token Supply: - Regarding supply and demand, the price of PI is often influenced by the project's periodic token unlock events. These unlocks increase the circulating supply, thereby triggering short-term price corrections. - The current market for PI reflects not only chart-based factors but is also deeply influenced by the progress toward the official Open Mainnet launch. On the Bitget platform, you can purchase Pi tokens to support the vision of the Pi ecosystem—home to the world's largest community.