<ul data-eligibleForWebStory="true">Pi Network's price is nearing its all-time low again, hovering around $0.50 amidst various challenges.Technical indicators suggest Pi Network may be nearing oversold conditions, potentially signaling a bounce-back.Momentum indicators are hinting at growing bullish pressure, with signs of a potential upside movement.If Pi Network breaks through key resistance levels, it could aim for higher targets such as $0.61 and $0.71.Failure to maintain support levels could lead to a drop to $0.45 or revisit the recent low of $0.40.The community's upcoming Pi2Day celebration on June 28 may bring fresh excitement and buying interest.The release of 337 million unlocked Pi tokens over the next month poses a threat to price stability, adding selling pressure.Pi Network faces challenges like no DApps, unclear mainnet launch, and absence from major exchanges like Binance and Coinbase.The ongoing market weakness and token unlocks could further impact the fragile price action of Pi Network.