CryptoMaven

$PI is under pressure, sliding below $0.50 after six days of losses, despite the launch of the no-code Pi App Studio during Pi2Day, which failed to spark momentum. A major risk looms in July as 19.2 million $PI tokens unlock on July 4, part of a massive 268 million scheduled unlock for the month, threatening further sell-offs.

Technical signals are bearish, the MACD nears a sell trigger and RSI remains in oversold territory, hinting at a possible drop to $0.40 unless PI can reclaim support above $0.50. Investors remain cautious amid rising supply concerns

#ETF