PI Coin Gears Up for Breakout, But a Massive Unlock Could Change Everything

Pi Network’s native token, PI, has been in a sideways trend since the beginning of the month, reflecting muted buying and selling pressures in the market. However, technical indicators are beginning to flash early bullish signals, hinting that PI could be preparing for an upward breakout. Yet, despite these bullish cues, the 106 million PI tokens set to be released over the course of this month threaten to derail the potential rally. PI Shows Hidden Strength as Buyers Quietly Accumulate An assessment of the PI/USD one-day chart shows the token’s Chaikin Money Flow (CMF) climbing steadily despite its sideways price movements source: https://beincrypto.com/pi-price-nears-breakout-but-token-unlock-looms/