PI Stumbles Below $1 as It Loses Correlation With Bitcoin—Can It Recover?

PI’s price action just ripped up the crypto correlation playbook—decoupling from Bitcoin while struggling to reclaim the psychological $1 level. Traders who bet on altcoin season are now staring at charts like overcaffeinated detectives.

The $1 Ceiling Turns Floor

That key dollar mark—once a launchpad—now looms as resistance. No fancy TA needed: markets hate round numbers, and PI’s stuck in the gravitational pull of ’cheap coin’ purgatory.

Bitcoin Divorce Papers Filed

While major alts typically move in BTC’s shadow, PI’s doing its own thing—like a hedge fund intern ignoring risk models. Independence sounds great until liquidity vanishes faster than a VC’s promises.

Watch those order books. If PI can’t flip $1 into support soon, even the most diamond-handed bagholders might start questioning their life choices—right after checking their leverage positions.

Pi Network Is Losing Traction

The Average Directional Index (ADX) currently sits at 32, which is notably above the 25 threshold. This reading indicates that the prevailing trend is gaining strength. In this case, PI Network’s trend is downward, reinforcing bearish sentiment among traders and investors.

Further evidence of this strengthening downtrend is visible through the Parabolic SAR indicator. The dots are positioned above the candlesticks, a classic signal that the price is likely to continue falling. Such technical indicators often prompt cautious trading behavior and can increase selling pressure.

Pi Network’s price has shown a weakening correlation with Bitcoin, currently measured at 0.25 and steadily declining. This low and falling correlation suggests that PI is starting to behave more independently rather than mirroring Bitcoin’s movements.

This decoupling is significant because Bitcoin recently set a new all-time high (ATH) and may continue to rise. However, Pi Network is less likely to capitalize on Bitcoin’s bullish momentum, given its diverging price dynamics.

The falling correlation implies that PI could struggle to follow Bitcoin’s upward trajectory.

PI Price Aims For A Rally

At its current price of $0.77, Pi Network WOULD need to rise approximately 28% to reach the $1.00 mark again. Given the indicators pointing to a strengthening downtrend and weakening correlation with Bitcoin, this price target seems ambitious in the near term.

Heightened bearishness may erode investor confidence, leading to increased selling. Should the price break below the critical support level of $0.71, Pi could face a further decline, potentially sliding down to $0.61. Such a drop would deepen the bearish outlook.

On the other hand, if broader market conditions improve, Pi Network might break through resistance levels at $0.78 and $0.87. Surpassing these points could invalidate the current bearish thesis and pave the way for a renewed push toward the $1.00 price target.