raises doubts about Pi’s true value when the tokens are officially released.

The following days are critical for Pi’s price movement. Whether it reclaims its rising support or is rejected will most likely determine whether Pi rises toward the $55 resistance or falls as low as $30 or $20. The conclusion of this price action will influence the future direction of Pi Network’s IOU token.

The market is still speculative, and the Pi team’s attitude on exchange listings signals that traders should be cautious until the network formally debuts its cryptocurrency.