Pi Coin’s Month-Long Downtrend Shattered as Bitcoin Soars Past $115,000 Milestone
Pi Coin's brutal month-long slump finally meets its match—Bitcoin's explosive surge beyond $115,000 sends shockwaves through the crypto landscape.
The Tidal Shift
Just when Pi holders started sweating over that relentless downward spiral, Bitcoin's monumental breakthrough past $115,000 throws the entire market a lifeline. Suddenly, altcoins aren't just bleeding—they're catching a bullish contagion.
Market Mechanics Unleashed
Bitcoin's dominance isn't just a number—it's the tide that lifts all boats, even those taking on water like Pi. That psychological barrier at $115,000? Shattered. And with it, the gloomy sentiment that had altcoins pinned down for weeks.
The Ripple Effect
Pi's recovery isn't happening in isolation. When Bitcoin flexes, the whole ecosystem feels it. Traders pivot from panic to opportunity, liquidity floods back in, and suddenly that month-long downtrend looks more like a temporary discount than a death spiral.
Finance's Ironic Twist
Because nothing says 'healthy market' like your portfolio's fate resting entirely on whether Bitcoin feels like breaking another zero—classic crypto diversification at work.
The momentum shift is real, the numbers don't lie, and for Pi holders breathing again after a brutal month, this might just be the turnaround story they've been waiting for.
Pi Coin Finds Support From The Market
Pi Coin’s correlation with Bitcoin is showing notable improvement, currently standing at 0.09. This is a significant rise from the negative correlation observed earlier, offering PI a potential advantage. A closer alignment with Bitcoin could strengthen Pi Coin’s chances of avoiding further declines.
The benefit lies in Bitcoin’s rally, with the leading cryptocurrency trading above $115,000 and maintaining upward momentum. Historically, improving correlation with Bitcoin has helped smaller tokens share in bullish sentiment. If this trend holds, Pi Coin could benefit from stronger market positioning.
The broader macro momentum for Pi Coin appears cautiously positive, supported by the Moving Average Convergence Divergence (MACD). The indicator continues to display bullish momentum despite recent weakness. This shows that market cues are still favoring buyers in the short term.
At the same time, the MACD has avoided a sharp bearish crossover, indicating resilience among traders. With broader market Optimism helping sustain this momentum, Pi Coin could remain afloat even as it faces significant resistance levels in its ongoing downtrend.
Pi Coin Price Needs A Push
Pi Coin is trading at $0.356 at the time of writing, sitting just below the $0.360 resistance level. The token has been caught in a month-long downtrend, making this resistance an important test for bullish sentiment.
If market support strengthens, Pi Coin could push past $0.360 and rise to $0.381. A successful breach WOULD mark the end of the recent downtrend. This would open the possibility of further gains, supported by improving correlation with Bitcoin.
However, failure to clear $0.360 could leave PI Coin vulnerable to renewed losses. The token risks slipping to $0.343 or lower, which would invalidate the bullish outlook. This would extend its period of weak performance, delaying any meaningful recovery.
