Pi Coin Slides Toward Record Lows as Bitcoin Rally Leaves It Behind
Pi Coin is facing renewed pressure as its price continues to drift lower, diverging sharply from Bitcoin’s recent bullish momentum.
Pi Coin is facing renewed pressure as its price continues to drift lower, diverging sharply from Bitcoin’s recent bullish momentum.
Once loosely tethered to the broader crypto market, the altcoin now finds itself struggling to stay afloat while the industry’s top asset edges toward new all-time highs.
Investor sentiment has taken a hit, with market signals suggesting growing caution. One key indicator, the Chaikin Money Flow (CMF), is now brushing against the neutral line, hinting that buying interest is drying up. After several weeks of relative stability, it appears the tide may be turning — and not in Pi Coin’s favor.
The coin’s price is hovering just above $0.49, a modest cushion from its historic low of $0.40. But with market confidence slipping and technical indicators flashing red, the risk of another downward leg is growing. If the $0.493 support level fails to hold, a slide toward $0.45 — or worse — could be in the cards.
Adding to the concern is Pi Coin’s weakening connection to Bitcoin. With correlation levels dropping to near zero, the altcoin no longer benefits from the strength of BTC’s rally. That decoupling could spell trouble, especially as investors typically lean on Bitcoin’s performance to guide altcoin exposure.
If Pi Coin can find fresh demand and climb above $0.518, it might spark a turnaround and attract opportunistic buyers. But unless that shift arrives soon, the current trend points to further pain ahead — and possibly a return to all-time lows.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
