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.
Analysis
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.