Pi Coin Defies Retail Sentiment with Whale-Driven Rally
Pi Coin (PI) is displaying unusual market dynamics, with trading volume spiking to $8 million despite waning social media buzz. The seven-day price rally points to potential accumulation by large holders, breaking from its typical correlation with retail investor sentiment.
Technical analysis suggests a possible breakout, as Pi tests the $0.215 resistance level of an ascending triangle pattern. Momentum indicators are sending mixed signals—the MACD shows strengthening bullish divergence, while the RSI struggles to hold in overbought territory.
Santiment data indicates this activity coincides with low retail participation, supporting the whale accumulation theory. For a project often questioned for its real-world adoption, these on-chain movements could signal upcoming significant price volatility.
