Pi Coin Plummets to Near All-Time Low—Not Even Bitcoin’s Rally Can Rescue It Now
Pi Coin teeters on the brink of collapse as it scrapes just above its historic floor. Bitcoin’s recent surge? Utterly useless here.
No Life Raft from BTC
While Bitcoin dances past $100K, Pi Coin sinks further into oblivion. The so-called 'people’s crypto' can’t catch a break—or a bid.
Network Hype vs. Market Reality
Mining apps and viral buzz once fueled Pi’s promise. Now, empty wallets and quieter chats tell the real story. Another 'revolutionary' project learning that adoption is harder than writing a whitepaper.
When even crypto’s golden child can’t spark a rally, you know it’s bad. Maybe next time, focus on building something people actually want to use—not just another token for speculators to pump and dump. Classic crypto.
Pi Coin Has A Lot Of Work Ahead Of It
The correlation between Pi Coin and bitcoin is currently at just 0.12, signaling that the altcoin is no longer tracking the moves of the world’s largest cryptocurrency. This growing divergence is worrisome, especially as Bitcoin shows signs of stability.
Pi Coin’s decoupling from Bitcoin is counterproductive at a time when BTC is holding firm above $110,000, a crucial support level. Instead of benefiting from Bitcoin’s strength, Pi Coin’s weakness signals eroding investor confidence, making the risk of a further decline more apparent.
Technical indicators also suggest that the volatility of Pi Coin may soon increase. The Squeeze Momentum Indicator is flashing black dots, a sign that a squeeze is forming. When this releases, price action could experience sharp moves depending on broader market direction.
Given the bearish environment, a volatility spike WOULD likely accelerate Pi Coin’s decline rather than trigger a recovery. Without stronger inflows or supportive investor sentiment, the upcoming squeeze could become a key driver pushing the token closer to new lows.
PI Price Needs Help
Pi Coin’s price is currently trading at $0.345, holding just above the crucial support of $0.344. For now, the altcoin’s short-term resilience hinges on maintaining this level, but market signals suggest it may not last much longer.
If the support fails, PI Coin’s price could slip through $0.334 and fall toward its all-time low of $0.322. A break below that point may open the door to further downside pressure and potentially new record lows.
The only scenario that could invalidate this bearish outlook is a bounce off $0.344, allowing Pi Coin to climb toward $0.360. However, with weak sentiment and limited correlation to Bitcoin, chances of recovery remain slim at this stage.