Pi Coin (PI) Is Stuck at $0.17 While Crypto Market Flies, and the Chart Explains Why
BeInCrypto
Pi Coin shows a potential bullish RSI divergence, but fading volume and low correlation with Bitcoin suggest a continued struggle to break its range.Summary
Pi Coin (PI) remains range-bound between $0.162 and $0.209 despite a potential bullish RSI divergence on its 12-hour chart. Although this divergence often signals a trend reversal, the token lacks the necessary supporting volume and market momentum to confirm an upward move. Furthermore, Pi Coin demonstrates a low 0.35 correlation with Bitcoin, indicating that it is failing to benefit from broader crypto market rallies. Analysts suggest that a failure to hold the $0.168 support level could lead to further declines toward $0.147.
(Source：BeInCrypto)