Pi Network Price Faces Bearish Pressure Despite AI-Fueled Optimism

The price of PI Network has shown remarkable resilience, hovering around the $0.477 mark in the first week of July. Bullish traders are stepping in to defend this level, to protect its price from a drop that could lead to a revisit of its all-time low. 

As technical signals, the token’s price has been consolidating, leaving many to wonder about its next move.

While its recent data from PiScan reveals a concerning future over the next 30 days, as more than 300 million tokens are waiting to be unlocked. The past is evident that it is not good news, at…