Pi Coin ends 7 months of "silence"; price poised for major fluctuations.

Pi Network (PI) is currently trading at $0.1883, consolidating around the 23.6% Fibonacci support level after failing to hold above $0.29. Currently, two signals are appearing simultaneously, indicating the end of the calm – but neither is favorable to the buyers.

Realized volatility has increased again after seven months of being tightly compressed, and the correlation between PI and Bitcoin has reversed to negative. Both of these factors suggest a short-term trend leaning towards selling, and the following are key price levels to watch.

Pi Coin's 7-month silence

The actual annual volatility chart shows that in August 2025, the initial volatility was above 150%. Subsequently, this index gradually decreased along with the price of Pi Coin , bottoming Dip at only around 52% in early February – meaning it experienced 7 months of intense compression, signaling exhaustion rather than stability.

In March, both price and volatility reversed sharply. The price surged to $0.29 while volatility also rose above 100%, reaching approximately 108% at the bottom of the chart. Such expansion after a prolonged period of compression historically often foreshadows a strong movement in a particular direction.

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The negative correlation with Bitcoin makes the BTC price surge a PI issue.

The correlation coefficient chart between PI and Bitcoin shows that for most of February, this index was around 1.0. But now it has dropped to -0.30, meaning that PI and Bitcoin are trending in opposite directions.

The reality is quite clear: If Bitcoin's price rises and pulls the entire market up, then PI is trending in the opposite direction. This eliminates one of the most reliable recovery drivers for altcoins today.

The correlation value needs to rise back above 0.50 for Bitcoin's strength to truly support the PI price.

The PI price still has the potential to fall sharply.

The daily chart shows the price of Pi Coin at $0.1883, just below the 23.6% Fibonacci level at $0.1894. The Fibonacci sequence is measured from the February Dip at $0.1555 to the March 13th high at $0.2990. The 20-day EMA is around $0.1930, trending downwards and acting as the nearest resistance.

The chart also shows a double top pattern, forecasting a potential further decline of approximately 33% to the All-Time-Low (ATL) of $0.1300. Although it hasn't broken through the previous Dip , Pi Coin still has the potential to fall further in the near future.

The neckline is located near the $0.1555 mark. If we measure using the height of the double top pattern, the target area would be around $0.1527 – coinciding with the Fibonacci support level there. The price is currently being held back at the 23.6% Fibonacci level and below the downward EMA, so the possibility of a decline following this pattern remains.

If the daily closing price falls below $0.1894, it will confirm that the PI has failed to recover successfully , potentially sliding towards $0.1597 and then $0.1527. The all-time Dip of $0.1300 is the last important support zone below.

Conversely: If PI closes above the 38.2% Fibonacci level at $0.2103, there will be a chance to test the next level at $0.2442. If, at the same time, the correlation between PI and Bitcoin reverses to positive, the trend will no longer be biased towards selling but will shift to neutral.