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COINJAKA
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Imminent collapse of Pi currency? Weak updates and token unlocking threaten the price
The Pi currency has dropped by 11% after an update that displeased users, and it is currently trading near $0.54. Technical indicators suggest a continued downward trend with expectations of a drop to $0.40 if the team does not release a strong update on June 28. The unlocking of millions of tokens in June and July increases pressure while hope remains tied to the onset of the altcoin season.
The Pi currency has dropped by 11% after an update that displeased users, and it is currently trading near $0.54. Technical indicators suggest a continued downward trend with expectations of a drop to $0.40 if the team does not release a strong update on June 28. The unlocking of millions of tokens in June and July increases pressure while hope remains tied to the onset of the altcoin season.
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