Big Pi Coin Wallets Turn to the Meme Coin Cycle for a Price Boost — Here’s Why

Pi Coin (PI) has recently seen a price decline, down nearly 26% this month, but large wallet holders remain interested, potentially waiting for a signal from the meme coin cycle. PI's price movements now closely correlate with Dogecoin (0.87) and Bonk (0.94), indicating heavy influence from broader meme coin sentiment. Technical analysis shows a bullish divergence on the daily Relative Strength Index (RSI), suggesting improving momentum despite falling prices. Furthermore, the Chaikin Money Flow (CMF) has remained positive, indicating underlying money inflow from large wallets. If PI holds the $0.19 support level, this bullish divergence could trigger a rally toward $0.21, amplified by a potential recovery in the meme coin sector.

(Source：BeInCrypto)