Pi Coin, the once-hyped mobile-first cryptocurrency, is slipping deeper into uncharted territory. Its price recently flirted with an all-time low (ATL) of $0.322—and it's not far from testing even lower levels, currently hovering around $0.340.
While many altcoins follow Bitcoin’s price trends, Pi Coin shows an unusually tight correlation, currently tracking Bitcoin with a coefficient of 0.93. That means when BTC sneezes, Pi catches a cold. And with Bitcoin wobbling lately, Pi’s outlook has worsened.
But it’s not just external pressure. Internally, investor sentiment is eroding fast. The Chaikin Money Flow (CMF), a key indicator that tracks capital inflows and outflows, has been drifting steadily into negative territory. Translation? More money is flowing out of Pi Coin than coming in. That signals growing bearish momentum.
What’s Weighing on Pi Coin?
- Lack of utility: Pi still hasn’t launched on most major exchanges, limiting liquidity and practical use.
- No clear roadmap: The long-promised “Open Mainnet” remains more of a vision than a reality.
- Investor fatigue: Early adopters who mined Pi for free on their phones now see little reason to hold as the price dips.
In short, even long-time holders are bailing.
Is There Any Upside?
Only if sentiment shifts quickly. For Pi Coin to escape this freefall, it would need to break above $0.362 and convert that level into solid support. If that happens, the next potential target is $0.401, which could signal a short-term recovery.
But that scenario remains unlikely under current conditions. With Bitcoin still shaky and Pi’s fundamentals underwhelming, the downtrend looks set to continue.
Unless the project delivers meaningful updates—or a surprise listing on a major exchange—another ATL under $0.310 may be next.
