Pi Network has experienced one of the strongest declines among cryptocurrencies valued over $1 billion, with year-to-date losses recently increasing to 80%. Coupled with a sharp decrease in trading volume, this supports the prediction that Pi Coin will decline.

PI is the worst-performing asset among the top 40 cryptocurrencies over the past 30 days with a loss of 26%, while other tokens with similar market capitalization like Mantle (MNT) and Ondo (ONDO) have gained 53% and 16%, respectively.

Data from CoinMarketCap shows that Pi's trading volume has sharply decreased, from a recent peak of $140 million on August 2 to only $43 million yesterday. This 70% drop occurred when Pi reached a new all-time low of $0.335.

Pi's recent downtrend has accelerated at a time when most other cryptocurrencies are rising. This negative performance is the result of disappointing ecosystem growth initiatives, leading to dissatisfaction within the community.

The delay in moving the token to the public mainnet and the Pi Core Team's failure to secure listings on top CEXs have diminished the project's credibility and created negative predictions about Pi Coin.

Pi Coin Price Prediction: PI Seems to Be About to Retest the All-Time Low as Buyers Are Ready to Sell

The 4-hour chart shows that PI broke through a crucial trendline support on August 1 with significant volume.

During that specific 4-hour period, the price hit an all-time low of $0.3220. Although the price quickly bounced back from that level, it is gradually moving toward that area again and may soon retest it.

Due to a lack of good news, it seems nothing can stop PI from hitting a new all-time low again. The Relative Strength Index (RSI) has hovered just above the 30 threshold, indicating that negative momentum is high.

Even if the price bounces back from $0.3220, the low trading volume indicates that buyers are little or not interested in purchasing the token at this price level. Therefore, the price may need to drop further to find willing buyers.

Only a surprise listing on a major exchange could save PI from the risk of dropping to $0.10 or even lower at this time.