Pi Coin, once a beacon of hope for investors, has apparently forgotten how to hold its ground. It’s like that friend who promises they’ll stop procrastinating, but never does. Investors are getting skeptical and are wondering if this thing will ever get its act together.
Even with Bitcoin maintaining its cool at over $110,000, Pi Coin seems to have lost its way. It’s like Pi Coin is on its own little island, and frankly, it’s sinking fast.
Pi Coin: A Coin in Denial
The correlation between Pi Coin and Bitcoin has plummeted to a pitiful 0.12. Let’s break this down: Pi Coin isn’t even trying to keep up with the world’s biggest cryptocurrency anymore. It’s the equivalent of someone trying to run a marathon in flip-flops while everyone else is wearing running shoes.
Bitcoin is over $110,000, flexing on the market like it’s been working out. Meanwhile, Pi Coin is having an existential crisis, wondering why it’s not getting any of the glory. Instead of riding Bitcoin’s coattails, it’s headed straight for the cryptocurrency equivalent of rock bottom.
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To make matters worse, Pi Coin’s volatility might be about to go through the roof, courtesy of the Squeeze Momentum Indicator. The black dots are flashing like neon signs saying, “Buckle up, folks.” When this squeeze finally releases, expect some dramatic moves, likely in the direction of disaster.
In a market already gloomy about Pi Coin, this volatility spike is just the cherry on top. There’s no way this ends well without some serious investor intervention. Without a miracle, the squeeze is going to send Pi Coin to even greater lows.
Pi Coin’s Price Is Holding On By a Thread
Currently, Pi Coin is trading at a paltry $0.345, barely hanging on above a crucial support level of $0.344. If it even thinks about slipping below this, things could get real ugly real quick. Think of it like trying to hold onto a ledge with sweaty hands – not gonna work out.
If the price breaks below $0.344, we could be looking at a drop to $0.334, which could very well lead to Pi Coin’s all-time low of $0.322. And if that happens, well, let’s just say Pi Coin will be breaking records, just not the ones it wanted.
The only thing that could save Pi Coin from a dramatic collapse is a miracle bounce off the $0.344 mark, pushing it back toward $0.360. But let’s be real: with the way things are going, this seems as likely as winning the lottery on a Tuesday afternoon.
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2025-09-07 19:13