PI Adopts Memecoin Volatility — Watch $0.37 Support, $0.39 Reclaim

I note PI rose about 5.5% last week and outperformed several altcoins, but its price behavior has shifted toward memecoin-like volatility due to strong monthly correlations with DOGE, SHIB, BONK and FLOKI.

On the 4H chart EMA20 is approaching a bearish cross with EMA50, which could deepen selling, while the daily RSI shows a bullish divergence—price has lower highs but RSI has higher highs. A reclaim above $0.39 would be constructive toward $0.41–$0.43; a break below $0.37 would invalidate the bullish setup and expose PI to heavier losses.