Upon the languid eve of July 31, as shadows lengthened with a sigh and PI itself drifted at $0.419—frail as a late-autumn sunflower—there appeared on the charts the unmistakable hunch of a head-and-shoulders pattern. One might almost hear the weary mutter of fate in its lines, hinting at a bearish turn so predictable that even the market’s ghosts suppress a yawn. Should this omen bear fruit, a calculated 23% tumble awaits; a fine invitation for the devoted pessimists among us.
As if the gods above were not yet appeased, a certain colossus—no, not the one from Rhodes, but a modern whale—saw fit to unburden itself by selling 2.36 million PI to Bitget. The message, coded in sighs and zeroes, is clear: large holders now eye PI with the same affection a cat reserves for yesterday’s fish. Meanwhile, our old acquaintance RSI lounges listlessly near 35, as eager to buy as a Parisian aristocrat faced with revolution. Brief spasms of recovery around $0.41 barely register; the market’s enthusiasm resembles that of a government office before lunch. 💤
Should the reader fancy more suspense (and who among us does not?), August promises to deliver: over 150 million tokens shall soon be unlocked, like prizes in a rigged lottery. Selling pressure, already heavy, may soon require a bigger hat. 🎩
Enter Kim Wong, analyst and chronic worrier, pointing to two festering wounds: PI Network’s dApp wilderness—where developers, it seems, fear to tread—and the ever-looming glut of locked tokens. In the absence of miracles or basic project management, the road ahead wriggles uncertainly, like a worm after rain.
Should PI sag below the support line (quivering as it is at present), a poetic descent to $0.32 awaits. There, perhaps, a “demand zone” will try to brush the dirt from its knees and behave like a bottom, while $0.32 prepares for the honor of being the year’s newest low. Ladies and gentlemen, invest wisely, or at least bring popcorn. 🍿
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2025-07-31 20:43