Here’s Why It’s Hard to Stay Bullish

Home » Crypto Bits

“At some point, you have to ask if this is innovation… or just wasted time and opportunity cost,” one X user stated.

‘;
}

function loadTrinityPlayer(targetWrapper, theme,extras=””) {
cleanupPlayer(targetWrapper); // Always clean first ✅
targetWrapper.classList.add(‘played’);
// Create script
const scriptEl = document.createElement(“script”);
scriptEl.setAttribute(“fetchpriority”, “high”);
scriptEl.setAttribute(“charset”, “UTF-8”);

const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);
scriptURL.searchParams.set(“pageURL”, window.location.href);

scriptEl.src = scriptURL.toString();

// Insert player
const placeholder = targetWrapper.querySelector(“.add-before-this”);
placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);
}

function getTheme() {
return document.body.classList.contains(“dark”) ? “dark” : “light”;
}

// Initial Load for Desktop
if (window.innerWidth > 768) {

const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),’&autoplay=1′);
});
}
}

// Mobile Button Click
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),’&autoplay=1′);
});
}
function reInitButton(container,html){
container.innerHTML = ” + html;
}

// Theme switcher
const destroyButton = document.getElementById(“checkbox”);
if (destroyButton) {
destroyButton.addEventListener(“click”, () => {
setTimeout(() => {
const theme = getTheme();
if (window.innerWidth > 768) {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if(desktopWrapper.classList.contains(‘played’)){
loadTrinityPlayer(desktopWrapper, theme,’&autoplay=1′);
}else{
reInitButton(desktopWrapper,’Listen‘)
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,’&autoplay=1’);
});
}
}
} else {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if(mobileWrapper.classList.contains(‘played’)){
loadTrinityPlayer(mobileWrapper, theme,’&autoplay=1′);
}else{
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,’&autoplay=1′);
});
}
}
}
}, 100);
});
}
})();

Summarize with AI

Summarize with AI

Unlike many leading cryptocurrencies, Pi Network’s native token failed to post a substantial uptick in the opening days of the new year.

It has been in a massive downtrend over the past several months, prompting some analysts to be quite bearish about the future. Meanwhile, certain indicators suggest a further pullback could be on the horizon.

‘Hard to Stay Bullish’

PI currently trades at approximately $0.20 (per CoinGecko’s data), representing a minor 2% increase on a weekly scale and a whopping 93% collapse since the all-time high of $3 observed in February last year.

X user pinetworkmembers, who has been quite critical of the project as of late, claimed it’s “hard to stay bullish” on PI at the moment. They noted that the asset had barely moved up when BTC bounced at the start of 2026, outlining several hurdles for the price.

The main ones include the lack of support from a major exchange, “no real open mainnet,” unclear supply, centralized control, locked balances, and others.

The increased exchange supply reinforces the bearish outlook. Almost 1.8 million tokens have been transferred to centralized platforms in the past 24 hours alone, which is often considered a pre-sale step.

As of now, more than 425 million PI are stored on exchanges, with roughly 52% of that amount held by Gate.io. Bitget comes in second with around 148 million coins.

You may also like:

PI Exchange Reserves, Source: piscan.io

Something for the Bulls

Some analysts refuse to wave the white flag, arguing that a resurgence could be knocking on the door. X user Vuori Trading claimed that PI has been breaking out from an eight-month downtrend, predicting the price might rise to $0.57 soon.

Prior to that, Aman assumed that the asset had been “consolidating tight under key resistance after trending higher.” The market observer forecasted new peaks should the valuation surge above $0.215.

The upcoming token unlocks also deserve to be observed. Over 130 million PI are scheduled for release in the next 30 days, as today (January 8) is the record day, with 5.3 million coins freed up. The average daily unlock is around 4.36 million, which is less aggressive than in previous months and could provide some short-term price stability.

PI Token Unlocks, Source: piscan.io

SPECIAL OFFER (Exclusive)
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Source: https://cryptopotato.com/pi-network-pi-price-predictions-heres-why-its-hard-to-stay-bullish/