Pi Coin (PI) struggles to overcome a downward trend, currently trading below $0.65. This follows a significant drop in daily trading volume and on-chain interactions since May. Technical indicators paint a concerning picture with the RSI remaining under 45 and the MACD highlighting bearish momentum. The upcoming ‘Pi Day 2’ event on June 28th will likely impact short-term price direction amidst ongoing market uncertainty. The event is anticipated to deliver answers regarding three key areas: an open mainnet timeline for exchanges, details on dApps, and real-world commercial integrations. If these are addressed clearly with concrete action plans, a strong recovery in PI coin is possible, aiming for prices above $1. However, if the event fails to deliver concrete steps or promises vague solutions, it could trigger a potential price decline and push PI below crucial support levels of $0.60.