#PI#

Pi Network ($PI) — "Has the bottom been caught" or is it just a pause before a new drop?
the price has been moving within a descending channel since May 12, the lower boundary is at $0.60–0.62, and the upper boundary is at $0.78. The daily RSI is around ~40 — selling pressure remains, but there is no "oversold" condition yet.

Unlocks continue
Risks: by the end of the month, supply will grow by ~$176 million; BeInCrypto analysts warn of the possibility of a drop to an all-time low of $0.40 if demand does not strengthen.

Miners are waiting for Open Mainnet-2.0 ( cryptocurrency wallets + dApp showcase has grown by 12 applications ). A fundamental plus, but it does not offset the pressure of unlocks.

Mentions on social media
LunarCrush Sentiment Index - 43/100 (neutral-negative)

Media discussion
A series of articles on "the fall to $0.65" and the risks of the July-August unlocks.

Is it worth "buying the dip"?
When buying the bottom, the second one usually comes as a gift, don't forget about that.

Spot strategy
When: only at a strong zone $0.55–0.60** (peak of March volume).
How: fractional DCA ≤ 1% of the portfolio, mental stop below $0.38 (ist. minimum ).
Why: playing for a reversal after the completion of the unlock peaks (July) + growth of TVL.

Futures
A futures long is justified only in a scenario of a "quick spike" on a volume > $200 million and a consolidation above $0.72. Until such signals are present, it is better to work with spot or wait for a confirmed reversal.

The price is in a downward channel, the bottom is not yet confirmed — the largest unlock of the year is ahead.
Social sentiment is weak, volumes are falling.
Spot buy at $0.60 (≤ 1% of the portfolio) is permissible for patient investors.
A long futures position without a strong bullish trigger looks premature: liquidation risks are higher than the expected profit.

Trade cautiously and keep your stops! For now, I continue to observe what is happening. It's simply scary to enter positions, the risk is high.