Pi Coin’s All-Time Low Price Journey: What’s Driving the Decline

PIUSDT price is currently at $0.343, just 6.4% away from revisiting its recent ATL of $0.322. Given the current market conditions, Pi Coin remains under significant pressure, making it likely that the price will continue to decline. A new ATL below the current $0.310 could be in the near future.

Given the ongoing outflows and the rising correlation with Bitcoin’s price movements, PIUSDT price trajectory appears bleak. It’s expected that the price will maintain its downtrend unless a shift in investor sentiment occurs. A decline through the support levels is highly probable, pushing the price toward further losses.

However, in the unlikely scenario that PIUSDT experiences a reversal, it would need to secure $0.362 as a support floor to initiate a rally. If the price manages to break this barrier, it could rise to $0.401, invalidating the current bearish outlook and offering hope for a price recovery.