The Pi Coin price is up by a solid 5.5% this past week, leaving XRP, BCH, Ton, and even Uniswap eating its dust. Yet, despite this little victory, the general market downturn has made investors start scratching their heads. Could Pi Coin actually keep this pace? Or are we looking at another “meme coin rollercoaster” waiting to crash?
A fresh wave of thinking has emerged, suggesting that Pi Coin is now playing in the same sandbox as the notorious meme coins, a shift that might just change its short-term future for better or worse. Don’t say we didn’t warn you.
Pi Coin Correlation Now Mirrors Meme Coin Majors
According to the latest monthly data, Pi Coin’s market behavior is shifting faster than a cat on a hot tin roof. It now has a 0.76 correlation with Dogecoin, 0.84 with Shiba Inu, 0.89 with Bonk, and 0.86 with Floki. What does this mean? Well, folks, it’s officially riding in the meme coin volatility lane now, where every rally and crash from meme coins will probably spill over into Pi Coin’s price action. Hold on to your wallets!
If meme coins decide to hit the gas, Pi Coin could be tagging along for the ride. On the flip side, if the meme coin frenzy takes a nap, Pi Coin will probably just follow the trend lower. Looks like meme coin sentiment is the ultimate boss here. No pressure, Pi Coin, but you’re definitely in for a wild ride.
In case you’re wondering about all those fancy numbers, a Pearson Correlation Matrix is just a tool that tells us how much two variables dance to the same tune. Values close to +1 mean they’re practically joined at the hip, while -1 means they couldn’t be further apart if they tried. In crypto, we use this to see how a coin’s price reacts compared to others. Basically, it’s like checking the mood of the whole meme coin gang and hoping Pi Coin doesn’t miss the party.
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Technical Risk Builds on the 4-Hour Chart
With Pi Coin now so closely linked to meme coins, it could be more vulnerable to sector-wide moves. The meme coin market has been under pressure lately, and if the weak vibes keep going, Pi Coin could just slide down with the rest of them. Someone grab a parachute!
Looking at the 4-hour chart, the 20-period EMA (that’s the orange line, in case you’re wondering) is getting closer to crossing below the 50-period EMA (that’s the red one). When these two lines cross, it’s called a “death crossover” – and no, it’s not as dramatic as it sounds, but it sure isn’t a good omen. If meme coin sentiment keeps dragging its feet, this could bring in the selling crowd and push Pi Coin down further.
For the tech nerds: an Exponential Moving Average (EMA) is like a more sensitive version of a regular moving average. It reacts quicker to price changes, which makes it handy for catching short-term moves. No more waiting around to see what happens – EMA’s got your back.
Pi Coin Price Action Holds a Bullish Divergence Setup
The good news? Pi Coin’s still got a shot at showing some bull-ish moves. On the daily chart, there’s a bullish RSI divergence brewing – while Pi Coin’s price has made a lower high, the RSI is printing a higher high. A little confusion, huh? That’s crypto for you. But if the RSI keeps pushing above 47, it could confirm a fresh bullish breakout. Fingers crossed!
If meme coins bounce back, Pi Coin might just follow suit, racing up towards $0.39 and maybe even retesting $0.41-$0.43. But until then, it’s like waiting for a train that might not even be on the tracks yet. The 4-hour death cross risk is still lurking like a bad smell, so don’t get too comfy.
Of course, if Pi Coin falls below $0.37, well, it might just ruin the whole “bullish divergence” party and slide further down. And if the meme coin market continues to stumble, Pi Coin could very well follow it into the abyss. The price chart still has a hint of bullishness, but the sector trend will decide if Pi Coin is about to take off or just sit in the backseat.
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2025-08-16 00:52