Pi Coin Bullish Crossover Fails—Is Price Facing 23% Drop To ATL?

Pi Coin has been trading sideways for several weeks, showing little momentum despite broader market activity. The altcoin’s consolidation phase now appears to be breaking down as market conditions deteriorate, pushing prices lower. 

Recent indicators suggest that the token could be heading toward a deeper correction if bearish sentiment persists.

Pi Coin Is Not Following Bitcoin

Pi Coin’s correlation to Bitcoin has dropped to a negative 0.24, indicating that it is currently moving independently of the broader crypto market. This detachment is unfavorable, as Bitcoin’s recent gains have historically lifted smaller altcoins. Pi’s inability to follow this pattern highlights weakening investor confidence and diminished market participation.

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This negative correlation also suggests that Pi Coin may struggle to capitalize on Bitcoin’s rally in the near term. Without a strong alignment with Bitcoin’s bullish cycle, Pi Coin risks further downside pressure as investor enthusiasm fades.

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From a technical standpoint, Pi Coin’s Moving Average Convergence Divergence (MACD) indicator was on the verge of a bullish crossover last week. Such a signal typically marks the beginning of a recovery phase after an extended downtrend. 

However, worsening market conditions disrupted this momentum, delaying the reversal and extending the token’s two-week bearish streak. The failed crossover highlights the fragile state of Pi Coin’s momentum. Instead of confirming an uptrend, the indicator now suggests continued weakness. 

PI Price Needs To Reclaim Support

At the time of writing, Pi Coin is trading at $0.239, just below the $0.240 threshold. The token has declined nearly 9% in the past 24 hours, reflecting growing selling pressure. Unless demand returns, Pi could continue to lose value in the coming days.

Based on current indicators, Pi Coin’s price could drop toward $0.200, with a possible retest of its all-time low (ATL) at $0.184—roughly 23% below current levels. Sustained bearish conditions would make this scenario increasingly likely.

Conversely, if the broader crypto market stabilizes, Pi Coin could stage a rebound. A move above $0.270 would invalidate the bearish outlook, paving the way for a recovery toward $0.286 and potentially higher levels.