Pi Coin’s Rocky Road to the Bottom 🤷‍♂️

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In the vast and often unforgiving world of digital currencies, Pi Coin, the coin that once promised the moon to millions, now finds itself on a downward spiral, inching ever closer to its all-time low. After breaking free from the gravitational pull of Bitcoin, Pi Coin’s journey has become a tale of struggle and decline. 🌠

The altcoin, much like a lone traveler in a storm, is currently facing a 26.4% decline over the past two weeks. As it charts its own path, the coin is finding it increasingly difficult to maintain its value in a market that seems to shift with the wind. 🌬️

Pi Coin Charts Its Own Path

Pi Coin has undergone a dramatic shift in its relationship with Bitcoin, now sitting at a negative 0.27 correlation. This means that while Bitcoin might be soaring like an eagle, Pi Coin is more like a rock, steadily sinking. 🪨🦅

The negative correlation with Bitcoin suggests that Pi Coin will not benefit from the positive trends seen in the wider cryptocurrency market. Instead, it faces the risk of further decline, much like a ship caught in a riptide. 🌊

Pi Coin is also experiencing a shift in its macro momentum, as indicated by the Squeeze Momentum indicator. Currently, the indicator is experiencing a “squeeze release,” a term that might as well be a euphemism for a market explosion. 🚀💥

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. It’s like the coin is playing a game of chicken with the market, and the market isn’t backing down. 🚗💥

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. It’s like standing on the edge of a cliff, and the ground is starting to crumble. 🏔️

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. It’s a bit like trying to climb a mountain in a sandstorm. 🏔️🌪️

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. It’s like finding a oasis in the desert, but only if you can hold on long enough. 🌴💧

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2025-07-09 17:26