Pi Network at Critical Juncture as PI Token Faces Major Supply Unlock Amid Market Downturn

Pi Network enters a precarious phase as its PI token grapples with sustained declines ahead of a historic supply unlock. The asset has bled for six consecutive days, breaching the psychologically significant $0.50 level amid broader crypto market weakness.

July 4th marks an inflection point with 19.2 million Pi tokens entering circulation—the vanguard of 268.4 million scheduled unlocks this month. Technical supports at $0.5031, $0.4711, and $0.40 now face repeated tests as bearish MACD and RSI trajectories discourage buyers.

Despite Pi2Day's feature announcements on June 28th failing to stimulate demand, the network's community watches closely. This supply shock compounds existing tensions, placing PI Network at a make-or-break juncture for maintaining investor confidence during its largest liquidity event to date.