Pi Coin is rapidly approaching its all-time low, currently trading near $0.46—just above the record low of $0.40. The token has dropped approximately 26% in the past two weeks, with daily trading volume falling below $100 million, signaling reduced investor interest. Technical indicators show a persistent bearish trend, including a descending channel and weak support at $0.45. If this support fails, analysts warn a drop to $0.40 or even $0.16 is possible. Unlike broader crypto markets showing recovery, Pi Coin remains decoupled from Bitcoin’s movement, raising concerns about its long-term viability without significant momentum or ecosystem developments.