Pi Coin’s price has remained in a sideways pattern over the past few days, showing little sign of momentum. 

Despite this stabilization, the token continues to face its broader downtrend, struggling to reclaim critical resistance levels that could open the door to recovery.

Pi Coin Finds Support From The Market

Pi Coin’s correlation with Bitcoin is showing notable improvement, currently standing at 0.09. This is a significant rise from the negative correlation observed earlier, offering PI a potential advantage. A closer alignment with Bitcoin could strengthen Pi Coin’s chances of avoiding further declines.

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The benefit lies in Bitcoin’s rally, with the leading cryptocurrency trading above $115,000 and maintaining upward momentum. Historically, improving correlation with Bitcoin has helped smaller tokens share in bullish sentiment. If this trend holds, Pi Coin could benefit from stronger market positioning.

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The broader macro momentum for Pi Coin appears cautiously positive, supported by the Moving Average Convergence Divergence (MACD). The indicator continues to display bullish momentum despite recent weakness. This shows that market cues are still favoring buyers in the short term.

At the same time, the MACD has avoided a sharp bearish crossover, indicating resilience among traders. With broader market optimism helping sustain this momentum, Pi Coin could remain afloat even as it faces significant resistance levels in its ongoing downtrend.