Pi Coin has recently seen its price slide, dropping 1% in the last 24 hours, 4.9% over the week, and nearly 26% this month. The token has been trading sideways, yet large investors appear to be holding their positions and waiting for a clear market signal.
Surprisingly, that signal may come from the meme coin cycle. Pi Coin’s price swings have begun to closely mirror those of Dogecoin (DOGE) and Bonk (BONK), showing strong positive correlations (0.87 with DOGE and 0.94 with BONK). This link suggests that Pi Coin is now heavily influenced by the broader meme coin sentiment, which aligns with its monthly dip that falls between the drops seen by DOGE and BONK.
Bullish Signals Beneath the Surface
Despite the price drop, two technical indicators are flashing potential bullish signs:
- Bullish RSI Divergence: The daily chart shows Pi’s price making lower lows while the Relative Strength Index (RSI) makes higher lows. This divergence suggests that momentum is improving, potentially setting up a rebound, especially if the meme coin sector recovers.
- Money Flow Strength: The Chaikin Money Flow (CMF) remains positive and has also formed a bullish divergence (higher lows), indicating that money is still flowing into the market, and large wallets are not fully exiting.
Key Price Levels to Watch
If the bullish divergence plays out, Pi Coin’s first target is near $0.21, just above the current support level of $0.19 (Fibonacci 0.382). A clean break and close above $0.29 would confirm a significant breakout and invalidate the current bearish structure.
Conversely, if the $0.19 support level fails, the price could drop toward $0.18 or even $0.15, confirming a renewed bearish trend. However, the coinciding bullish divergences in both RSI and CMF increase the probability of a relief rally as long as the key $0.19 support holds.
october 2025, Cryptoniteuae
