Pi Network price hits new all-time low as it loses $0.1 support
The post Pi Network price hits new all-time low as it loses $0.1 support appeared on BitcoinEthereumNews.com. Pi Network price fell beneath the psychological $0.10 mark for the first time on July 9, extending its month-long slide to more than 25% as growing token supply and persistent selling overwhelmed demand. Summary Pi Network price fell below the key $0.10 level, hitting a fresh all-time low amid sustained selling pressure. Heavy token unlocks, declining open interest, and deeply negative funding rates continue to fuel the bearish trend. Technical indicators point to further downside risk unless PI can reclaim $0.10 and break above its descending channel. According to data from crypto.news, Pi Network (PI) traded near $0.098 during the session, leaving the token down more than 25% over the past month and extending a prolonged downtrend that has erased most of its post-mainnet gains. The latest decline comes as Pi Network continues to face heavy supply-side pressure from scheduled