. 🔻 Price Pressures Persist

Current price sits around $0.46–$0.47, trading near its all-time low of ~$0.40 — down ~9% in the last 24 hrs and ~26–30% over 2 weeks .

Technical indicators show bearish momentum: below 20/50/200‑day EMAs, RSI in the 30–40 zone, and stuck in a descending channel .

2. 📤 Massive July Token Unlock

Between July 4–15, over 300 million PI unlocked (~4% of supply), bringing exchange reserves to ~370 million—raising concerns of profit-taking and increased sell pressure .

Price has faced multiple rejections at EMA resistance, sustaining the downtrend .

3. 🛠 Ecosystem & Mainnet Progress

Mainnet migration moving forward: ~13.7 million KYC-ed users now on mainnet; core tools improving .

Pi App Studio success: over 9–12 k AI-powered apps created, ~30 live; this drove a brief ~3% price uptick .

Recent update adds improved account recovery, integration of 5 community-built dApps, and stronger open-source support .

4. 🚀 What to Watch

1. Breaking EMA/EMA resistance (20‑day EMA ~$0.51–0.55) could spark a short-term reversal .

2. Mainnet listing & exchange debut by end of July may bring liquidity and visibility .

3. July token unlock clarity & sell pressure easing will shape mid-month trends .

5. 📈 Short-Term Outlook

Bearish Base Case: Continued drift toward $0.40 support if supply pressure outpaces demand.

Bullish Scenario: Reclaim above ~$0.55–0.60 could fuel rallies toward $0.70–0.80 and potentially $1 if mainnet catalysts and listings align .