Pi Network (PI) has experienced a significant drop of over 68% in the past four weeks amidst the bearish crypto market.The Pi team has faced difficulties in maintaining momentum and has attempted various network updates, but without success.The current price of PI is testing a major support level, and a breach could lead to further selling pressure.A potential rebound from the support level could initiate a new bullish rally, but the previous sell-off by early adopters may hinder upward momentum.