#Unlock High Yields with BTC Staking

📊 Key Metrics

Price: ~$0.6007, down ~0.02% intraday, with a 24‑hour range of ~$0.5942–0.6200

24h Trading Volume: ~$67–72 million

Market Cap: Around $4.46 billion, ranking within top 30–40 cryptocurrencies

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🛠 Technical & On‑Chain Signals

Weekly Price Drop: Roughly –5% over the past 7 days

Key Support: Near $0.60–$0.601, confirmed by multiple exchanges; a break below this could open downside toward $0.55–$0.52

Indicator Summary:

DMI/ADX: ADX at ~34 suggests moderating trend strength; bullish +DI upward cross vs fading –DI

Chaikin Money Flow (CMF) at ~0.07: signals light but steady accumulation

RSI: Near neutral; slight bearish divergence noted

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🔍 Fundamental Catalysts

June Token Unlocks: Significant release (~276 million PI, roughly $175 million) scheduled this month—this could lead to heightened sell pressure

Mainnet Migration Progress: Over 12 million users onboarded; full migration ongoing, but some users still awaiting unlocks

Ecosystem Developments:

Central node has been shut down to push full decentralization

Mandatory “Horizon” upgrade deployed ahead of Consensus 2025 event, building anticipation

Consensus 2025 (Toronto) may include a major reveal—possibly a listing announcement

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⚠️ Outlook & Key Levels

Scenario Price Level Likely Triggers

Bearish $0.60 → $0.52 Failure to hold support + large unlock sell-off
Neutral/Consolidation $0.60–$0.62 Stability ahead of big unlocks and event hype
Bullish $0.62 → $0.75+ Positive event surprise, exchange listing, renewed buying

Short-term outlook: Neutral to slightly bearish, given unlock pressure and subdued volume.

Watch for support at $0.60, plus upcoming Consensus 2025 event later in the month.

A breakout above $0.62–$0.65 with volume could signal a broader recovery. Conversely, a breakdown below $0.60 may see it revisit $0.52 .

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🧭 Strategic Considerations

If holding PI, consider tight stop-loss near $0.60 to manage risk during token unlock periods.

Entry idea: below $0.58–$0.55, if technicals weaken—but only with confirmation, as this could reduce downside risk.

Track Consensus developments—any unexpected exchange listing or ecosystem reveal could act as a bullish catalyst.

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✅ Summary

Pi Network is at a critical juncture. Technicals indicate fragile balance, on-chain indicators show mild accumulation, but upcoming token unlocks and limited volume may spark volatility. The $0.60 level is pivotal: hold above it could sustain consolidation, while breaking it might trigger a dip. All eyes on Consensus 2025—that event could redefine sentiment for PI.