The cryptocurrency market has recently witnessed significant developments - Pi Network has officially logged in to the BC exchange for spot trading. This news quickly attracted investors' attention, as listings on exchanges typically bring new liquidity support to digital assets. Stimulated by this favourable information, the price of Pi coin rose 1% within 24 hours, with a daily fluctuation range of $0.6806 to $0.7535. However, the market performance still appears weak, with the token experiencing a weekly fall of 22% and a monthly decline of over 60%. Analysts point out that the large-scale token unlock in March is the main reason for the price pressure, coupled with the project party's recent lack of significant progress announcements, and the fact that mainstream exchanges like bn have yet to follow up with listings, which has exacerbated the market's wait-and-see sentiment.

Turning point or spot: April supply and demand pattern improves
It is worth noting that according to PiScan data monitoring, the unlocking amount of Pi Token will drop to 124.32 million coins in April, which is the lowest level in the next five months. Specifically, the daily average unlocking in April is about 1.5 million coins during the period from April 7 to April 11.
The expected unlocking volume in May is projected to rise to 182.37 million coins.
The unlocking volume from June to August will remain above 200 million coins.
This phase of supply contraction may create favorable conditions for a price rebound. Market analyst Crypto Jex pointed out that the Pi Network is forming an ABC recovery pattern, with a key support range of $0.64-$0.77. If it can hold, it may initiate a three-wave pump, with the first target at $0.95-$1, and looking mid-term, above $1.8.
Investing requires caution against multiple risks
Despite the positive signals from the technical perspective, investors still need to pay attention: the overall market is still in a fluctuation pattern, and systemic risks cannot be ignored. Some predictive models indicate that in April it may test the support at 0.64 USD, and the increase in unlocking volume in the following months may bring new selling pressure.
Industry insiders suggest that before participating in Pi Network investments, investors should fully assess core factors such as the project's development progress, the support from exchanges, and the token economic model, and make decisions cautiously. As the Crypto Assets market gradually warms up, whether this emerging project can achieve a value reassessment is something the market is eagerly watching.