Pi Network Price Hits Fresh All-Time Low Amid Broader Market Weakness

Pi Network's native token has hit an all-time low price of $0.102, down 10% in the past 24 hours and 4% over its fifth consecutive losing streak.

The token broke below a key support level of $0.11, leading analysts to warn that it could face another slide towards $0.09.

A rapid rise in trading activity has seen volume surge 60% in the last 24 hours, with traders likely selling their Pi holdings amid a weak crypto market sentiment.

The broader market remains mixed, with tensions between the US and Iran contributing to a 1.91% fall in the overall crypto market cap to $2.14 trillion.

Pi Network has rolled out updates for its app studio, including support for backend storage and AI-enabled planning features, but these enhancements have done little to mitigate the selling pressure.