Imminent collapse of Pi currency? Weak updates and token unlocking threaten the price

The Pi currency has dropped by 11% after an update that displeased users, and it is currently trading near $0.54. Technical indicators suggest a continued downward trend with expectations of a drop to $0.40 if the team does not release a strong update on June 28. The unlocking of millions of tokens in June and July increases pressure while hope remains tied to the onset of the altcoin season.