Why Pi Network’s 276 million token unlock could trigger decline to all-time low

The unlock of 276 million PI tokens in June is expected to intensify selling pressure, as current investor sentiment remains bearish. With the RSI at 40.49 and Aroon Down at 86%, market conditions suggest a potential continued decline in PI’s price.

Currently priced at 0.63 USD, PI risks declining to 0.40 USD unless new buying interest revitalizes demand. If support at 0.40 USD fails, PI may hit new lows unless demand pushes the price back to 0.86 USD.