Collapse of the Pi Currency: Is the Worst Yet to Come?

• Current Price: $0.6085 (-18% over 48 hours)

• Resistance: $0.617 | Support: $0.519 - $0.500

• RSI below 50 = Continued Selling Pressure

• Bollinger Bands Narrowing = Coming Volatility

• Token Unlocking: 108.9M in April, and 1.56B over the year

• Possibility of a drop to 0.30$ with weak demand

• Future Optimism: Institutional Adoption and Web3 Partnerships could boost the price later

• Recovery Opportunity: Possible if it exceeds 0.617$ towards $0.710

Summary: Selling pressures and token unlocking reinforce the decline… but institutional adoption could change the equation in the medium term