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$PI useless coin

$PI Coin recorded a modest price increase of 1.05% on December 18, reflecting the generally positive mood seen across Bitcoin and the wider altcoin market. The token has now rebounded nearly 5.8% from its lowest level this week, suggesting that short-term buyers have stepped in after recent weakness. However, this recovery may prove fragile, as growing macroeconomic uncertainty continues to weigh heavily on risk assets, including cryptocurrencies. One of the main sources of concern comes from rising expectations of an interest rate hike by Japan’s central bank. Market data indicates that traders are almost fully pricing in this decision, leaving little room for positive surprises. Instead, attention is shifting toward the potential impact such a move could have on global liquidity and investor risk appetite. Historically, tightening monetary conditions in major economies have often triggered pullbacks in Bitcoin, which tends to set the direction for the rest of the crypto market. A key reason behind this reaction lies in the long-standing carry trade strategy. For years, investors have taken advantage of Japan’s ultra-low interest rates by borrowing yen and deploying the capital into higher-yielding or higher-risk assets, including equities and cryptocurrencies. When interest rates rise, these positions become more expensive to maintain, forcing traders to unwind them. This process typically results in capital flowing out of speculative assets, putting downward pressure on prices. From a technical standpoint, Bitcoin is showing signs of vulnerability. Chart patterns suggest that the leading cryptocurrency could be forming a bearish continuation structure, raising the possibility of a drop toward the $70,000 level. Such a move would represent a sharp correction from current prices and could push Bitcoin below key support zones established earlier in the year. A decline of this magnitude would likely trigger broader market fear, intensifying selling pressure across altcoins. $PI Coin is particularly exposed to this risk, as altcoins generally struggle during periods of strong Bitcoin weakness. When Bitcoin enters a steep decline, liquidity often dries up in smaller tokens, leading to faster and deeper price drops. As a result, even if Pi Coin’s fundamentals remain unchanged, its price could still suffer due to overall market sentiment. Looking at Pi Coin’s own chart, the technical picture remains concerning. On the daily timeframe, the token has formed a well-defined double-top pattern around the $0.2822 level. This is a classic bearish reversal signal that suggests buyers are losing momentum. The neckline of this pattern sits near $0.2035, a level that has already acted as support in the past. A sustained break below this zone would likely confirm the pattern and accelerate selling. Additional indicators support this bearish bias. Pi Coin continues to trade below major trend indicators, signaling that sellers still dominate market control. The price has also fallen beneath its 50-day and 100-day exponential moving averages, levels that often act as dynamic support during healthy uptrends. Instead of reclaiming these averages, Pi Coin appears to be consolidating below them, which often precedes another downward move. Price action is also beginning to resemble a bearish flag formation, a pattern that typically occurs after a sharp decline and suggests continuation rather than recovery. If this setup plays out, Pi Coin could slide toward its next key support around $0.1530, which marked its lowest level in October. This would represent a decline of roughly 27% from current levels. Should that support fail to hold, the downside risk could extend further toward the psychological $0.1500 level. Such a move would likely reinforce bearish sentiment and delay any meaningful recovery attempt. Until broader market conditions stabilize and Bitcoin finds a strong base, Pi Coin may continue to face headwinds in the near term.

$PI hit 0.21

$PI Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike