Pi Network’s price has experienced a significant drop over the past few days, falling below the $0.62 support level and prompting concerns about further declines. The decline comes amidst ongoing criticisms of the Pi Core Team for lack of transparency and utility-driven developments within the ecosystem. Experts predict that the price could fall to as low as $0.4 in the near future. 8% losses were reported today, with the price currently trading at around $0.6155. Notably, this marks a drop from its recent high of $0.6912. 21% is the weekly decline, reflecting the gloomy market sentiment over the past few days. This dip has raised concerns amongst investors as to whether Pi Coin will be able to reclaim its all-time high of $2.98.