Pi Network Faces Breakdown Risk: Will $0.60 Support Hold?

Pi Coin (PI) is nearing a crucial support level at $0.60. Trading volume has plummeted since May, and technical indicators signal downward pressure. Analysts suggest scalping opportunities may exist on the 4-hour timeframe, though the broader market remains cautious. The upcoming Pi Day 2 event on June 28th holds key potential to define the token’s short-term trajectory. Experts note that if this event delivers tangible progress in key areas like mainnet deployment and exchange listings, a strong rebound is possible. On the other hand, a lack of clarity or vague promises could lead to a deeper correction.