Pi Coin is showing little sign of shaking off its slump, with traders increasingly worried that the token could be heading toward fresh lows despite Bitcoin’s relative stability above the $110,000 mark.
Unlike most altcoins that mirror Bitcoin’s price swings, Pi Coin has largely broken away from the trend. Current data shows its correlation with BTC has slipped to 0.12, meaning Pi is moving on its own. Instead of benefiting from Bitcoin’s resilience, the token’s divergence has raised concerns about deteriorating investor confidence.
Technical Pressure Mounts
Chart signals are also turning darker. The Squeeze Momentum Indicator is now flashing warnings of a volatility buildup. Historically, these setups lead to sudden bursts in price movement. With sentiment already tilted bearish, analysts fear the break could unleash additional selling rather than spark a rebound.
Key Levels in Focus
At present, Pi Coin is hovering near $0.345, clinging just above a critical support line at $0.344. A decisive drop below that threshold could drag prices toward $0.334 and even challenge the record low of $0.322. If those levels collapse, Pi would likely enter uncharted bearish territory.
The only way to avoid such a scenario would be a bounce from current levels that pushes the token back toward $0.360. But without stronger inflows and a restored connection to Bitcoin’s broader trend, the odds of such a recovery appear slim.
Outlook
For now, Pi Coin faces a pivotal test. Either it holds its fragile support and stabilizes, or it risks slipping into another leg lower — with technical indicators suggesting volatility is about to decide the outcome.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/pi-coin-price-prediction-recovery-chances-fade-as-bearish-signals-grow/