📉 Pi Network Faces Pressure — Will July’s 19.2M Token Unlock Trigger a Dump?
Pi Network is under fire again, slipping for the 6th straight day, now below $0.50. And the biggest worry?
👉 19.2 million PI tokens unlock on July 4 — the largest this month.
⚠️ Key Red Flags:
🔓 268.4M PI set to unlock in July — highest monthly unlock until Oct 2027
📉 Price down 3% today — RSI at 35 = nearing oversold
📊 Six consecutive red candles = bearish momentum
🧪 Pi App Studio (AI no-code builder) failed to lift sentiment post-Pi2Day
📉 Breakdown Levels to Watch:
🔻 $0.5031: Critical support (lowest since Feb 20 OKX listing)
🔻 $0.4711: June low — breach could send PI to $0.40
🛡️ Bulls must defend $0.50 to avoid deeper sell-off
🧠 Analyst View:
Unless Pi holds the $0.50 mark, a post-unlock supply shock could drag prices toward April’s low of $0.40 — or worse.
However, a reversal candle and volume spike might bounce PI back toward $0.66 (May 17 low) if bulls step in.