watch

Pi (PI): Memecoin-like Volume Raises Potential — Watch for Confirmation

I note that Pi (PI) has risen about 5.5% and its trading volume now resembles large memecoins, with strong correlation to tokens like Dogecoin, Shiba Inu and Floki. This has pushed PI into a highly volatile trading regime driven by speculative flows.

I see a bullish RSI divergence that could support a near-term bounce, but the risk of a death cross remains and could accelerate losses if moving averages deteriorate. I’m staying cautious and looking for clear confirmation before increasing exposure.

Source available for registered users Sign Up Free

Analysis

Volume and correlation point to speculative memecoin behavior; while RSI divergence hints at short-term strength, the death cross risk means the trend could reverse sharply if moving averages confirm ...

Recommendation

I’m watching PI closely. Wait for a confirmed breakout or clear avoidance of the death cross before buying; if trading the volatility, use small positions and tight stops.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: