By Anurag Kumar
Pi Network, once praised for its participatory and mobile-first model, is struggling to keep its valuation intact at a time when Bitcoin is nearly flirting with achieving a record high. Pi Network is approaching its all-time low with its current price hovering around $0.499, just 20% above its floor level, CoinTribune.com reported. Despite recent attempts to boost sentiment with two new feature announcements on Pi2Day, Pi Network鈥檚 price trajectory continues to paint a worrying picture. The crypto token is now trading dangerously close to its all-time low of $0.400. The technical outlook for Pi Network is deteriorating fast. One key warning sign comes from the Chaikin Money Flow (CMF) indicator, which is approaching the zero line 鈥 signalling an exodus of capital from the asset. Typically used to gauge buying and selling pressure, a CMF near or below zero indicates a dominance of outflows over inflows 鈥 in this case, underscoring declining investor confidence. Key Technical Indicators Current Price: Around $0.499Immediate Support: $0.493; if breached, could open the door to declines toward $0.450 or even a retest of the $0.400 all-time lowCMF Indicator: Trending toward zero 鈥 a strong sign of capital withdrawalCritical Resistance: $0.518; only a sustained move above this level would hint at a potential bullish reversal In the absence of strong bullish catalysts or positive sentiment, Pi Network remains under severe technical pressure. Short-term prospects are bleak, with momentum firmly skewed to the downside. Growing Isolation in a Bullish Market What amplifies the bearish sentiment surrounding Pi Network is its striking disconnect from the broader crypto rally. While Bitcoin has surged to new highs in recent months 鈥 buoyed by institutional inflows, the approval of spot Bitcoin ETFs, and growing macroeconomic confidence in crypto as a hedge 鈥 Pi Network has failed to capitalise on this momentum. Correlation data underscores this disconnect. The statistical correlation between Pi Network and Bitcoin has plummeted to just 0.07, a near-zero figure that indicates no meaningful relationship in price movement. This is highly unusual in a bull cycle where most altcoins tend to benefit, directly or indirectly, from Bitcoin鈥檚 upward momentum. According to market analysts, a strong positive correlation with Bitcoin is often viewed as a sign of maturity and integration into the broader digital asset market. “Altcoins that move with Bitcoin typically attract more speculative capital,” notes crypto strategist Kevin Svenson. 鈥淚f an altcoin becomes decoupled from Bitcoin in a bull market, it risks being overlooked entirely.鈥 Structural Concerns and Long-Term Risk Pi Network’s weakening correlation signals more than just a technical anomaly 鈥 it reflects structural investor apathy. While other altcoins ride the coattails of Bitcoin’s bullish run, Pi appears increasingly marginalised. This disconnection could have profound long-term implications: Loss of visibility in investor portfolios that prioritize assets moving with the marketAbsence of capital inflows, especially from leveraged positions that track major index performanceSpeculative irrelevance, where lack of volatility or momentum makes the token unappealing even to short-term traders In a market where sentiment and liquidity are often driven by Bitcoin’s trajectory, assets that fail to align may be sidelined by both institutional and retail participants. What Could Reverse the Trend? To break this downward spiral, Pi Network needs to act decisively. That includes: Rebuilding investor trust through transparency and real-world adoption milestonesClarifying its value proposition, especially in a saturated altcoin environmentRe-establishing some degree of correlation with sector benchmarks like Bitcoin or Ethereum to benefit from broader market sentiment Until then, Pi Network remains in a vulnerable position 鈥 technically, sentimentally, and structurally 鈥 at a time when the rest of the market is booming. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.