Pi Coin Eyes Dogecoin ETF Launch for Major Relief Rally — Here’s the Crypto Catalyst You Can’t Ignore
Pi Coin traders brace for potential ETF-driven momentum shift as Dogecoin's regulatory breakthrough looms.
Market Mechanics: Why Pi Stands to Benefit
When speculative capital floods into established meme coins via ETF products, adjacent assets often catch the wave. Pi's infrastructure—positioned at the intersection of mobile mining and mainstream adoption—could leverage that liquidity surge better than most altcoins.
Timing The Bounce
History shows crypto markets move on narrative as much as fundamentals. A Dogecoin ETF greenlight would signal institutional comfort with 'meme-tier' assets—opening doors for Pi's own legitimacy play. Just don't expect Wall Street to understand the difference between 'mineable' and 'memorable' anytime soon.
The cynical take? Another case of finance giants monetizing internet jokes while retail chases the next pump. But for Pi holders, that might just be the opportunity they need.
Correlation With Meme Coins Could Drive The Price Up
One of the clearest signals comes from correlation. Pi Coin has shown a one-month Pearson correlation of 0.79 with BONK and 0.62 with Shiba Inu.
The Pearson correlation metric measures how closely two assets MOVE together, with 1.0 meaning perfect correlation. At 0.79, Pi Coin and BONK are strongly aligned.
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This matters because Bonk is one of the leaders in the meme sector. If the dogecoin ETF (DOJE) launch sparks a rally across meme coins, Pi Network (PI) could follow suit, thanks to its close ties to meme coins.
At the same time, money flows are turning slightly bullish. The Chaikin Money FLOW (CMF), which tracks whether money flows in or out of an asset, has flipped positive at +0.02.
The last time CMF made such a shift, on August 30, Pi Coin saw a quick green bounce. With CMF rising just as Pi Coin price strengthens its LINK with BONK, the timing may not be coincidental. The two signals suggest buyers are positioning if the meme coin space gets a boost from the $DOJE ETF launch.
For a stronger move, CMF WOULD need to rise toward +0.08, the level seen in late August. That would confirm that larger money flows are backing the correlation story. But right now, Pi Coin traders would take anything, even a small CMF uptick.
Bearish Grip on Pi Coin Price Weakens but Not Broken Yet
Another indicator, the Bull-Bear Power (BBP), helps traders measure the strength of buying versus selling. Since September 2, BBP has shown that selling pressure is easing.
Bears still control the PI Coin price chart, but their edge is shrinking. In past cases, this softening has led to short-lived upward bursts. If sellers lose strength, even a small push from buyers can trigger a bounce.
The bear power waning before the big meme coin ETF event further validates the angle.
The technical chart still leans bearish, though. The Pi Coin price trades inside a descending triangle, a pattern usually linked to breakdowns. Price support sits near $0.33 and $0.32, and if broken, the Pi Price could test new all-time lows, defeating the bounce thesis.
Unless bulls can push Pi above $0.36, the bearish setup remains intact, and even a bounce might just end up being one green candle and not a grouping.
