🔵 Pi Network is facing a critical price test

• Pi Network will start launching 304.7 million tokens over 30 days starting July 4, of which 19.39 million tokens will be released tomorrow.

• The market value of these tokens exceeds 151.9 million dollars.

• The current price of Pi is 0.49$ after a 14% loss over the week, despite a slight increase of 1.8% in the last 24 hours.

• Concerns are growing about selling pressure with 6 million tokens flowing to exchanges in one day.

• Technical analysis shows neutral to bearish signals and negative moving averages.

• 🔒 The Pi team still controls 90% of the supply, which may reduce the likelihood of a major collapse.

• If the price drops below 0.40$ , the coin may lose its place among the top 30 cryptocurrencies.

Despite the slight recovery, the market remains cautious. Tomorrow's massive launch could be a turning point: either a collapse below 0.40$ or the beginning of relative stability and consolidation if the market absorbs the new supply.