#MemecoinSentiment
The Pi currency drops to approximately 0.46$ amid increasing selling pressure.
The Pi currency is trading at 0.4693$ with a continued decline, despite the overall market rising.
The release of more than 100 million tokens in July increases selling pressure.
Technical indicators (MA, SAR, and RSI) show a downward trend and weakness in trading volume.
The price may drop towards 0.40$ if no new support or liquidity appears.