Pi Network Price Dives to New All-Time Low Amid Weakened Market Sentiment

Pi Network's price has been on a downward trend, falling to a new all-time low after dropping below $0.074 and trading near $0.075. This represents only about 5% above its previous record low of $0.0700.

The token has lost around 19% in value over the past week, and market sentiment has weakened as the Crypto Fear and Greed Index fell to 34 from 39 on Sunday. The lower reading indicates that traders have become more cautious with prices falling across digital assets.

Pi Network's price has struggled since falling below the $0.10 support level two weeks ago, pushing it into fresh price discovery and sending it towards $0.07. Buyers helped recover to $0.10, but the rebound failed to hold, and the token dropped below $0.08 during Tuesday's trading session.