Pi Coin, the digital currency that has attracted millions of followers, continues to struggle in the market. After separating from Bitcoin’s influence, Pi Coin’s price has been on a downward trajectory, inching closer to its all-time low.
The altcoin is currently grappling with a 26.4% decline over the past two weeks. As Pi Coin charts its own course, it faces challenges in maintaining its value, especially in an increasingly volatile market.
Pi Coin Charts Its Own Path
Pi Coin has experienced a dramatic shift in its correlation with Bitcoin, now sitting at a negative 0.27. This negative correlation means that Pi Coin is moving in the opposite direction to Bitcoin. In simpler terms, as Bitcoin rises, Pi Coin continues to struggle.
The negative correlation with Bitcoin suggests that Pi Coin will not capitalize on the positive trends seen in the wider cryptocurrency market. Instead Pi Coin faces the risk of further decline.
Pi Coin is also witnessing a shift in its macro momentum, as indicated by the Squeeze Momentum indicator. Currently, the indicator is experiencing a “squeeze release,” a term used to describe explosive volatility in the market.
This event typically signals a large price movement, but in Pi Coin’s case, the presence of red bars on the indicator suggests a continuation of bearish momentum. The squeeze release may indicate further downside, rather than an immediate recovery.
PI Price To Take A Downturn
Pi Coin is currently priced at $0.465, just above the critical support level of $0.450. With the altcoin hovering only 14% from its all-time low of $0.400, it faces significant downside risk.
This price range puts Pi Coin in a precarious position, as a break below $0.450 could trigger a further decline. In the past two weeks, Pi Coin has already suffered a 26.4% drop, highlighting its ongoing struggle to regain momentum.
Given the current technical indicators and market sentiment, it seems likely that Pi Coin will fall to its all-time low of $0.400. The fear of further losses is likely to prompt additional selling, which could accelerate the price decline. With the market sentiment weighed down by Pi Coin’s disconnection from Bitcoin, the path to recovery looks increasingly challenging.
However, there is still hope for Pi Coin if investors show restraint. If Pi Coin manages to hold the $0.450 support level, it could bounce back. A move past the $0.493 resistance level would be a positive sign, potentially pushing the price to $0.518. Such a recovery would invalidate the bearish thesis and offer a fresh outlook for the altcoin.
The post Pi Coin Decouples From Bitcoin, Pushes Price Towards All-Time Low appeared first on BeInCrypto.
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Aaryamann Shrivastava
https://beincrypto.com/pi-coin-decouples-from-bitcoin-pushes-price-lower/
2025-07-09 14:00:00
