Crypto Exchanges
By Julie Binoche
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RSI at 2.6 — That's Not a Typo. The monthly Relative Strength Index for PI has fallen to about 2.6 out of 100.
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The June 12 Unlock and What Follows. Token unlocks are the other big variable. June 12 is the peak unlock day — nearly 15 million PI…
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Binance Speculation and Pi2Day. Then there's the exchange listing question, which has been circulating in PI forums for a while now.
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Pi Network is basically in freefall on paper — down 96% from its launch peak — but a handful of market signals are making some traders sit up and pay attention.
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The token debuted around $3 back in February, riding a wave of community enthusiasm that had been building for years. Then it cratered. Hard. Price dropped to roughly $0.
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The monthly Relative Strength Index for PI has fallen to about 2.6 out of 100. That's an extreme oversold reading by any measure.
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And it's not just the RSI. The amount of PI sitting on exchanges has dropped too — from over 550 million tokens down to around 545 million recently.
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The PI community has been watching the unlock calendar closely, and some traders see the post-June 12 environment as potentially more supportive for a price recovery.
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Related: XRP Drops Below RSI 30 as Binance Supply Hits 4-Month Low and ETF Inflows Top $1.45 Billion
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Then there's the exchange listing question, which has been circulating in PI forums for a while now. Last year, Binance ran a user poll to gauge community interest in listing PI.
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So the community is basically waiting. And speculating.
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Some members have latched onto June 28 — known as Pi2Day — as a potential moment for a listing announcement.
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The Pi Network development team is also pushing forward on the protocol side. Protocol v25 is expected to roll out later this June, and the team has been focused on ecosystem…
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More context: Bitcoin Drops 15% in June as Fear Index Hits 12 and Binance Reserves Sink
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What the team hasn't done is make a lot of noise about any of this. No splashy announcements, no confirmed exchange partnerships, no roadmap details that would give traders…
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