Pi Coin’s Month-Long Downtrend Challenged By Bitcoin Rise Past $115,000

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Pi Coin’s price has been in a most uneventful sideways waltz these past few days-utterly devoid of any signs of wild ambition.

Despite this comatose performance, the token continues to limp along, ensnared in the clutches of a more significant downtrend that shows no sign of relinquishing its grip. It seems utterly incapable of breaking free and claiming the critical resistance levels needed for any possible glimmer of hope.

Pi Coin Finds a Lifeline in the Market

Pi Coin’s relationship with Bitcoin is like a once frosty affair now warming up-currently, it’s a modest 0.09 correlation. A remarkable improvement from the negative vibes they shared before! This newfound camaraderie with Bitcoin could just be the little nudge Pi Coin needs to stave off further despair. Ah, to be associated with the majestic Bitcoin! 🍾

The saving grace? Bitcoin’s meteoric rise, now proudly strutting above the $115,000 mark. Historically speaking, when Bitcoin gets its groove on, smaller tokens like Pi Coin often tag along for the ride-though let’s not get our hopes too high, shall we? If the stars align, Pi Coin might just see a fleeting moment of glory.

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As for Pi Coin’s general mood? It’s cautiously optimistic, aided by the Moving Average Convergence Divergence (MACD) indicator, which seems to favor the bulls despite some lingering weakness. This is the market equivalent of a fragile glass half full-anything could happen!

Furthermore, the MACD has managed to avoid a full-on bearish breakdown-marking a small victory for the traders with their fingers crossed. As the broader market keeps its positive posture, Pi Coin may just keep floating along, even as it stares down the ominous resistance levels that could bring it crashing back down to reality.

Pi Coin Desperately Needs a Push

At this very moment, Pi Coin sits at $0.356, just a smidge below the all-important $0.360 resistance level. It’s been trapped in a month-long downtrend, making this resistance a critical test of Pi’s tenacity-or lack thereof. Will it manage to push past this barrier, or will it flop like a fish out of water? 🤔

If, by some miracle, the market decides to show a little more love, Pi Coin could crawl over $0.360 and head towards $0.381. A breakthrough would signal the end of this rather dismal downtrend, paving the way for a possible surge. But don’t hold your breath just yet!

However, should Pi Coin fail to clear that modest $0.360 barrier, it risks slipping into further despair, potentially tumbling to $0.343 or even lower. This would thoroughly obliterate any hopes for a swift recovery, dragging Pi Coin deeper into its persistent slumber. 📉

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2025-09-17 15:50