Pi coin price prediction: The divergence from Bitcoin's trend intensifies market concerns, but there is still long positions momentum building.

Pi Coin is currently trading at $0.44, just a step away from its ATL of $0.40. Due to the deepening negative correlation with Bitcoin, this altcoin’s trend is contrary to the overall market sentiment. Despite the technical signals of volatility explosion, Pi Coin still faces further fall risk under the sustained downtrend, unless the market sees buying pressure to achieve a key rebound.

Pi Coin price continues to fall, market confidence is undermined In the past two months, the price of Pi Coin (PI) has continued to fall, currently trading at $0.44, approaching its ATL of $0.40. The main issue behind this trend is the significant decrease in its correlation with Bitcoin.

Currently, the correlation between Pi Coin and Bitcoin has dropped to -0.50, indicating that their price movements show an inverse relationship. Although Bitcoin has recently seen an increase and market sentiment is generally optimistic, these positive factors have not affected Pi Coin, which instead shows signs of divergence.

Technical indicators release fluctuation signals, but risks remain high From a technical perspective, the Squeeze Momentum indicator shows that bullish momentum is building up, and the appearance of black dots may signal an impending surge in volatility. However, for Pi Coin, which is in a downtrend, this volatility is more likely to trigger further falls rather than a rebound.

The current price trend has broken through multiple support levels, and $0.45 has become an important resistance above the current price. A failure to break through will increase the likelihood of a fall to $0.40. Once this ATL is reached, it may trigger more panic in the market.

Rebound is still possible, but strong buying support is needed

Despite the overall bearish situation, if the market buying power strengthens, Pi Coin is still expected to hold above $0.44 and break through $0.45. Once it successfully stands above this level, the price may rebound to $0.49, potentially breaking the short-term downtrend and opening up upward space for subsequent movements.

However, the outlook for this rebound still heavily depends on changes in the overall market risk appetite and whether the Pi project team has substantial positive developments to drive it.

Conclusion: Pi Coin is currently facing dual pressure: on one hand, there is a disconnection from the market that is negatively correlated with Bitcoin, and on the other hand, there is a lack of technical support. As it approaches a key point near its ATL, investors need to closely monitor short-term fluctuation risks and changes in market sentiment. Whether Pi can reverse the downturn still depends on whether the market can provide new confidence support.