Pi Coin is demonstrating autonomous price dynamics, raising questions about investor confidence. Since March, its correlation with Bitcoin has significantly decreased.
Technical Pressure on the Market
Technical indicators are signaling a build-up of volatility. The Squeeze Momentum Indicator is warning of potential sharp price movements. Multiple analyses suggest the likelihood of price drops given the current negative sentiment among investors.
Critical Price Levels
At present, Pi Coin is hovering around $0.345, holding just above a critical support line at $0.344. A decisive drop below this line could pull prices down to $0.334 and even challenge the record low of $0.322. If these support levels are breached, it could lead to a bearish scenario.
Outlook and Predictions
Pi Coin stands at a crossroads. It may either hold its current support and stabilize or risk slipping further down. Technical indicators suggest that volatility is about to have a significant impact on the future price action.
In this context, Pi Coin faces a critical test. Holding support may allow it to rise to higher levels. However, without substantial capital inflows, the probability of recovery remains low.
