Pi Network traded near $0.10 in July 2026 as 103.7 million PI tokens unlocked and three Pi2Day products launched, creating a supply‑demand collision at the project’s lowest price point.

The token had fallen to its all‑time low after breaking previous support levels, with technical indicators showing the deepest oversold reading since launch.

The July unlock released roughly 27 million more tokens than the prior month, adding sellable supply to a market that had struggled to absorb demand. While not all unlocked tokens are expected to be sold immediately, the increase creates measurable downward pressure.

The Pi2Day releases include a verification service that charges a fee in PI, a hosting product, and a sign‑in service, each intended to generate recurring token usage. Their success will depend on real user and developer adoption and on measurable fee‑driven demand.

If the unlock supply meets weak demand and the products fail to attract usage, the price could break below $0.10 and move into uncharted territory, especially as the token lacks prior support levels below that level.

Conversely, if selling exhaustion at the oversold reading combines with early adoption of the products, the token may reclaim the $0.12 support and rally toward resistance levels near $0.13 and $0.15.

Key signals to monitor include on‑chain data showing how many unlocked tokens move to exchanges for sale and adoption numbers for the verification, hosting, and sign‑in services, which indicate whether fee‑driven demand is materializing.

The month will reveal whether the supply‑driven downward pressure is offset by genuine demand from the new products, determining if the $0.10 floor holds or the price declines further.