Pi Network Faces Potential Drop to $0.4 as Community Concerns Intensify
Pi Network’s price continues to decline, falling below the $0.62 support level amid growing dissatisfaction within its community. The Pi Core Team is under increasing scrutiny due to transparency and utility issues, raising doubts about the project’s short-term outlook.
Analysts now identify $0.40 as the next critical support level, with the token already down 8% daily to $0.6155. Weekly losses surpass 21%, though monthly performance stays positive. Interestingly, trading volume ROSE 13% to $180 million despite the price drop.
The community remains split between those expecting a rebound toward the token’s $2.98 all-time high and others preparing for further declines. Without substantive updates addressing CORE concerns, downward pressure may continue.