Pi Coin Price Risks 23% Drop To Historic Lows As Bullish Crossover Fails

by

Ah, Pi Coin – that delightful enigma of the crypto world, which has decided to nap through the market’s hustle and bustle. Despite the feverish excitement of the broader market, Pi Coin has taken up the art of sideways trading, almost as if it is waiting for someone to give it a good shake and say, “Do something, please!”

But alas, there’s more drama in the air. The altcoin’s days of tranquility are numbered as market conditions deteriorate, casting a gloomy shadow on its lackluster performance. The countdown to a potential breakdown has begun – and no, it’s not the kind of breakdown you want in your portfolio.

Pi Coin Is Not Following Bitcoin

In the latest twist of this tragicomic tale, Pi Coin has decided to break free from its once-cherished love affair with Bitcoin. The correlation between the two has plummeted to a negative 0.24. Yes, that’s right – they’re not even on speaking terms anymore.

This dramatic shift spells trouble. Bitcoin’s recent bullishness has historically been a sweet fountain of hope for smaller altcoins. But Pi, ever the rebel, refuses to follow the script. Instead, it’s highlighting waning investor confidence and a serious case of “Who needs a Bitcoin rally anyway?”

This newfound independence comes with its own woes. If Pi Coin doesn’t hitch its wagon to Bitcoin’s lucky star soon, it could face a prolonged spell of underwhelming price action, with all the charm of a damp, soggy towel.

Craving more token insights from the world of crypto confusion? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here – the one place where we give you the hottest news with a side of sarcasm.

In a hopeful moment last week, Pi Coin’s MACD indicator teased us with the faintest whisper of a bullish crossover. Such a signal could have been the herald of a glorious recovery, a phoenix rising from the ashes of a two-week bearish slump.

But no, the market gods had other plans. They decided to hit the snooze button on that potential rally, leaving Pi Coin with a sorry streak of missed opportunities. The failed crossover now reads like a classic plot twist: instead of a dazzling uptrend, we’re left with more of the same – weakness, apathy, and perhaps a few tears.

PI Price Needs To Reclaim Support

As we speak, Pi Coin is idly lounging at a mere $0.239 – just below the $0.240 mark. In the last 24 hours, it’s experienced a nearly 9% decline. Oh, the drama! The selling pressure is growing stronger, and unless demand decides to make a grand entrance, Pi could continue to slide further down the slope of disappointment.

If current indicators are to be believed (and let’s face it, they usually are), Pi Coin’s price could spiral down to $0.200. And, brace yourselves, there’s a chance we could even retest its all-time low at $0.184. That would be a grim 23% drop. A tragic performance indeed.

But hope is not entirely lost. Should the broader crypto market stabilize (yes, I know, it’s a big “if”), Pi Coin might manage to stage a comeback. A rise above $0.270 would send the bears packing and open the door to a possible recovery towards $0.286, and perhaps even further. Stranger things have happened in the world of crypto!

Read More

2025-10-08 18:03