<ul><li>Pi Network (PI) price is currently trading at $0.7796, up 6% in the last 24 hours but down 38% over the past week.</li><li>Technical analysis indicates a bearish pennant pattern forming, suggesting a possible 45% drop to $0.40.</li><li>Centralization issues, with Pi Foundation holding 72.7 billion tokens, may hinder major exchange listings.</li><li>Upcoming token unlocks of 271.18 million in the next 30 days could create supply pressure.</li><li>Concerns over limited practical applications and ecosystem development raise questions about long-term utility.</li><li>Pi Network price has been volatile, down 70% from its all-time high of $2.99 recorded in February.</li><li>Recent price crash started post-May 12 surge; currently testing support at $0.77 with resistance at $0.84.</li><li>Technical indicators show mixed signals, with a bearish pattern forming on the eight-hour chart.</li><li>High centralization risks with Pi Foundation holding a significant amount of tokens could pose a threat to token holders.</li><li>Tokenomics challenges, including upcoming unlocks and growing token supply, may impact price growth.</li></ul>

Pi Network (PI) Price: Token Unlocks Could Increase Supply Pressure

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