pi coin will be I for 0.02 usd
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BeInCrypto Global
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Pi Coin Is Held Back By Bitcoin Even As Inflows Hit 5-Week High
Pi Coin continues to trade sideways as the asset struggles to build momentum for a recovery. The altcoin has moved within a tight range for days, limiting opportunities for meaningful gains.
This stagnation is intensified by Bitcoin’s recent decline, which has overshadowed investor efforts and prevented Pi Coin from climbing higher.
Pi Coin Investors Do Their Best
The Chaikin Money Flow is showing a sharp uptick, signaling a notable rise in inflows. Investors are allocating more capital to Pi Coin, expecting the asset to stage a stronger move in the near term. Such behavior typically highlights bullish sentiment, especially when traders anticipate a breakout after prolonged consolidation.
These inflows have reached a five-week high, indicating that Pi Coin holds strong support among its holders. The increased capital injection reflects growing confidence, even as broader market conditions remain shaky.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Pi Coin CMF. Source: TradingView
Pi Coin’s correlation with Bitcoin stands at 0.70, showing a moderately strong relationship between the two assets. Although not perfectly aligned, Pi Coin continues to follow Bitcoin’s broader trend. This link has become a hurdle for the altcoin, as Bitcoin’s recent fall to $90,000 has restricted PI’s attempts to recover.
The correlation is also counteracting investor efforts to lift Pi Coin’s price. While inflows show bullish support, Bitcoin’s ongoing weakness is preventing meaningful upward movement. This dynamic leaves Pi Coin in a difficult position.
Pi Coin Correlation To Bitcoin. Source: TradingView PI Price Awaits Support
Pi Coin trades at $0.225 and continues to hold above the $0.217 support level. The asset has remained range-bound between $0.234 and $0.217 for several days, reflecting indecision as buyers and sellers attempt to regain control.
Given the mixed signals—strong inflows but negative macro pressure—Pi Coin will likely continue moving sideways. A breakout above $0.234 is possible but will depend heavily on Bitcoin stabilizing and regaining some strength.
Pi Coin Price Analysis. Source: TradingView
Without BTC’s support, upward momentum remains limited. If market conditions worsen and holders reduce support, Pi Coin may fall below $0.217. A drop toward $0.208 would invalidate the emerging bullish thesis and signal further struggle for the altcoin.
This stagnation is intensified by Bitcoin’s recent decline, which has overshadowed investor efforts and prevented Pi Coin from climbing higher.
Pi Coin Investors Do Their Best
The Chaikin Money Flow is showing a sharp uptick, signaling a notable rise in inflows. Investors are allocating more capital to Pi Coin, expecting the asset to stage a stronger move in the near term. Such behavior typically highlights bullish sentiment, especially when traders anticipate a breakout after prolonged consolidation.
These inflows have reached a five-week high, indicating that Pi Coin holds strong support among its holders. The increased capital injection reflects growing confidence, even as broader market conditions remain shaky.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Pi Coin CMF. Source: TradingView
Pi Coin’s correlation with Bitcoin stands at 0.70, showing a moderately strong relationship between the two assets. Although not perfectly aligned, Pi Coin continues to follow Bitcoin’s broader trend. This link has become a hurdle for the altcoin, as Bitcoin’s recent fall to $90,000 has restricted PI’s attempts to recover.
The correlation is also counteracting investor efforts to lift Pi Coin’s price. While inflows show bullish support, Bitcoin’s ongoing weakness is preventing meaningful upward movement. This dynamic leaves Pi Coin in a difficult position.
Pi Coin Correlation To Bitcoin. Source: TradingView PI Price Awaits Support
Pi Coin trades at $0.225 and continues to hold above the $0.217 support level. The asset has remained range-bound between $0.234 and $0.217 for several days, reflecting indecision as buyers and sellers attempt to regain control.
Given the mixed signals—strong inflows but negative macro pressure—Pi Coin will likely continue moving sideways. A breakout above $0.234 is possible but will depend heavily on Bitcoin stabilizing and regaining some strength.
Pi Coin Price Analysis. Source: TradingView
Without BTC’s support, upward momentum remains limited. If market conditions worsen and holders reduce support, Pi Coin may fall below $0.217. A drop toward $0.208 would invalidate the emerging bullish thesis and signal further struggle for the altcoin.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.