PI Network (PI) has been one of the worst performers among the leading cryptocurrencies in recent days. The coin lost 10% of its value in the last seven days and briefly dropped below the $0.1500 psychological level. PI’s bearish performance was due to the token unlock event that increased selling pressure as users gained access to some of their locked tokens. However, PI has stabilized above $0.1500 since Tuesday and is now up by 2% in the last 24 hours. While PI’s expansion in the United States via OKX pushed its price higher, the increased deposits on Centralized Exchanges (CEXs) imply that the sellers have not given up control yet. The momentum indicators have improved, suggesting a fading bearish trend.
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