Only two months after the launch of Mainnet highly anticipated from Pi Network on February 20, the project faced a meticulous exam while users report suspensions of withdrawal on major exchanges, mainly Mexc. This development threw a shadow on what was to be a moment of breakthrough for the Pi ecosystem.
Users of various social media forums and platforms say they are unable to withdraw their Pi of Mexc chips, which raises concerns about liquidity and accessibility. Meanwhile, PI holders are now turning their attention to other exchanges like OKX and Bitget, wanting to know if withdrawals remain functional. So far, no formal problem has been reported on these platforms, but the community remains on alert.
Technical perspectives: Will Pi recover $ 1?
According to a recent analysis, PI has recently failed an attempt to rupture a symmetrical triangle, causing a short -term drop. Analysts estimate that if PI can recover and recover $ 0.85, a gathering to $ 0.89 to $ 0.91 is still possible. However, a rupture of less than $ 0.83 could trigger a new drop to critical support at $ 0.80. At the time of writing the editorial staff, Pi is negotiated at $ 0.63.
The uncertainty of the market and the prudent trading behavior continue to dominate the movements of PI graphics, many waiting to see if the room can resume momentum or slip further into the decline.
In the future: Utility VS Market Pressure
The basic force of the PI network lies in its growing ecosystem. The telegram portfolio, upcoming decentralized applications (DAPP) and continuous community engagement all indicate a project with a long -term vision. But questions remain on the conformity of exchanges, liquidity and capacity of the play to gain a real traction.
In addition, the inability to withdraw the Pi tokens from certain exchanges raises concerns as to the wider market – and regulators – consider Pi as an active fully operational or always work in progress.
Despite the roadblocks, the PI community remains optimistic. Supporters hope that new use cases, improvement of accessibility and expansion of exchange partnerships could possibly push back over the threshold of $ 1.
