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The PI coin is likely to continue to fall recently.



PI is currently facing significant downward pressure, and bearish sentiment in the market is intensifying. In July, over 318 million PI coins will gradually be unlocked, leading to a large influx of new coins into the market, while demand remains limited, which may lead to further deterioration of supply and demand imbalance, exacerbating the selling pressure. Additionally, the Chaikin Money Flow (CMF) indicator has shown a declining trend over the past week, indicating increased selling pressure, and investor confidence in PI is waning, with more holders likely to exit their positions in anticipation of further price declines.

Currently, the price of PI is stable at around 0.49 USD. If this level cannot be maintained, the support level at 0.45 USD may come under pressure, and it may even fall to the historical low of 0.40 USD.
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