Coin PI is close to the lowest level ever, breaking the bindcoin gathering star-news.press/wp
Pi Coin has recently seen a noticeable decrease, as its price is now close to its lowest level. This landmark comes as Altcoin appears to deviate from Bitcoin market movements, although Bitcoin is close to its highest level ever.
With the failure of PI Coin to keep pace with the growth of Bitcoin, the downty surrounding altcoin continues to increase.
Coin Pi is a steps away from the gains
Chaikin Money Flow (CMF) show signs of exacerbation of PI feelings. CMF is close to the zero line, indicating a shift where external flows begin to control the flows. Over the past three weeks, the Pi Coin has maintained a level of investor confidence, but this confidence is now diminishing.
If CMF decreases via the zero line, it will indicate that investors are withdrawing their money from the PI. This loss of faith in the future of the currency may lead to more low prices and increase fluctuation.
Moreover, the relationship between PI and Bitcoin steadily decreased. Currently, the link sits at only 0.07, which is flagrantly with the positive relationship that the two works shared once.
Low or negative correlation means that the PI is moving independently of bitcoin. This matters for investors who relied on Bitcoin momentum to push Altcoins like PI forward.
With Bitcoin closed at the highest new levels, Coin PI struggle for example. Lack of correlation means that the PI currency does not benefit from the growth of Bitcoin. This separation plays a PI currency at the risk of losing upward trends at the market level, making it vulnerable to more losses.
The price of PI metal currency needs a stumbling block
The Pi Coin price is currently about $ 0.499, which is approximately 20 % higher than its lowest level at $ 0.400. However, the total market environment indicates that more decrease may be imminent. With the continuing feelings continuing and decreasing confidence in the PI, Altcoin can struggle to maintain its current levels.
If you lose the Pi Coin, the support level of $ 0.493, it may decrease more, and you may test a mark of $ 0.450. The continuous decline at the bottom of this support will make the PI coin vulnerable to hitting its lowest level ever again. Continuous external flows and negative market morale only add pressure to the price of Coin PI, which makes it a declining path.
However, if Altcoin is testing a transformation in momentum, Pi Coin may find a request from investors looking to benefit from a possible recovery. If the currency violates $ 0.518 and fluctuates to support, it can open the door to a recovery of prices. The opposite of the momentum would allow PI metal currency to restore some investor confidence and perhaps the current downward expectations are invalidated.
The post -PI is close to its lowest level ever, and the link with the Bitcoin Rally first appeared on Beincrypto.
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2025-07-03 10:30:00
