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PI Faces Heavy Pressure
The market is turning cautious on Pi Network ($PI) as reports point to a possible six-month bearish phase. A major token unlock is increasing supply, adding selling pressure while demand remains weak
At the same time, slow ecosystem development and delayed updates are affecting investor confidence, keeping momentum low in the short term.
$PI is hovering around the $0.19 range, facing competition from newer altcoins and struggling to gain strength.
Despite this, long-term potential remains if adoption and utility improve over time.
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$PI