Pi Coin Plummets Toward Record Lows—Defies Bitcoin’s Bullish Surge
As Bitcoin soars, Pi Coin staggers—breaking ranks in a market that rewards momentum, not loyalty.
Here’s why this outlier’s freefall should worry even the most devout crypto believers.
Pi’s nosedive isn’t just a dip—it’s a full-blown divergence from crypto’s golden child. While BTC flirts with new highs, Pi craters toward its all-time low. A stark reminder that in crypto, even ‘community-driven’ projects aren’t immune to gravity.
Market correlation? Not today. Pi’s chart looks like it’s rebelling against the laws of crypto physics—proving once again that hype alone can’t defy fundamentals (or lack thereof).
Closing thought: Maybe mining coins on your phone wasn’t the path to generational wealth after all. But hey, at least the Wall Street suits got a good laugh.
Pi Coin Steps Away From Gains
The Chaikin Money FLOW (CMF) indicator is showing signs of worsening sentiment for Pi Coin. The CMF is nearing the zero line, signaling a shift where outflows are starting to dominate over inflows. For the past three weeks, Pi Coin has maintained some level of investor confidence, but that confidence is now waning.
If the CMF falls through the zero line, it WOULD indicate that investors are pulling their money out of Pi Coin. This loss of faith in the coin’s future could lead to further price declines and increased volatility.
Furthermore, the correlation between the Pi Coin and Bitcoin has steadily decreased. Currently, the correlation is sitting at just 0.07, a stark contrast to the positive relationship the two coins once shared.
A low or negative correlation means that PI Coin is moving independently of Bitcoin. This is concerning for investors who have relied on Bitcoin’s momentum to drive altcoins like Pi forward.
With bitcoin closing in on new highs, Pi Coin is struggling to follow suit. The lack of correlation means that Pi Coin isn’t benefiting from Bitcoin’s growth. This disconnect puts Pi Coin at risk of missing out on market-wide bullish trends, making it susceptible to further losses.
Pi Coin Price Needs A Bump
Pi Coin’s price is currently hovering around $0.499, which is approximately 20% higher than its all-time low of $0.400. However, the overall market environment suggests further decline may be imminent. With continued bearish sentiment and decreasing confidence in Pi Coin, the altcoin could struggle to maintain its current levels.
If Pi Coin loses the support level of $0.493, it may drop further, potentially testing the $0.450 mark. A sustained decline below this support would make Pi Coin vulnerable to hitting its all-time low again. The ongoing outflows and negative market sentiment only add pressure to Pi Coin’s price, keeping it on a downward trajectory.
However, should the altcoin experience a shift in momentum, Pi Coin could find demand from investors looking to capitalize on a potential recovery. If the coin breaches $0.518 and flips into support, it could open the door for a price rebound. A reversal of momentum would allow Pi Coin to regain some investor confidence and potentially invalidate the current bearish outlook.
