On January 20, news reports indicate that as several key indicators continue to weaken, Pi Network (Pi Coin) is facing a new downward test. Data shows that Pi Coin has fallen below the critical support level of $0.20, ending a five-week consolidation range (0.20–0.22 USD). As of now, the price of Pi Coin is approximately $0.19, down more than 93% from its all-time high in February last year, with limited space remaining to the all-time low set in October last year.
From on-chain and market data, the fundamental pressure on Pi Network is accumulating. The daily trading volume of Pi Coin has dro
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