Pi Coin Struggles to Break Resistance Amid Bitcoin Correlation

Pi Coin continues to face pressure in the market, failing once again to overcome resistance at $0.360. The altcoin has been subdued for more than a month, with repeated recovery attempts falling short. Its growing correlation with Bitcoin is adding further downside risk, as volatility in the broader market weighs on sentiment.

Correlation with Bitcoin Deepens

The correlation between Pi Coin and Bitcoin has climbed to 0.74, indicating that Pi’s movements are increasingly tied to the performance of the leading cryptocurrency. While correlations can sometimes provide support, in this case they pose a challenge, given Bitcoin’s inability to sustain upward momentum. Analysts warn that if Bitcoin weakens further, Pi Coin could see amplified losses.

Technical Indicators Turn Bearish

From a technical perspective, momentum is fading. The relative strength index (RSI) has slipped below the neutral 50 mark, signaling intensifying selling pressure. A sustained move below this threshold could reflect declining investor confidence, leaving Pi Coin vulnerable to further downside unless broader market conditions improve.

Price Levels to Watch

At the time of writing, Pi Coin is trading at $0.345, holding just above its key support level at $0.340. The token has fallen 3.5% after another rejection at $0.360, underlining the lack of buyer strength. If the bearish momentum continues, Pi Coin could slide toward $0.334 and potentially retest its all-time low of $0.322.

However, if the token manages to rebound from $0.340 and decisively break above $0.360, the outlook could shift. Turning this resistance into support would open the door for a recovery toward $0.381, offering investors a potential path to renewed optimism.