PI remains bearish as token unlocks threaten recovery

Key takeawaysRising supply and weak technical indicators could pressure PI toward key support at $0.1184. 
Around 16 million PI tokens are set to be unlocked on Thursday, with another 14.8 million becoming eligible for mainnet migration on Friday, potentially increasing selling pressure. Pi Network (PI) traded lower on Thursday after suffering three consecutive days of losses earlier in the week. The token remains locked in a broader downtrend that has persisted since late April.
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