Pi Coin Price Caught Between Bulls and Bears — But One Side Has the Edge

Pi Coin (PI) price has declined recently, trading in a tight range near $0.20, indicating a stalemate between buyers and sellers. Bearish signals are currently stronger: the Money Flow Index (MFI) shows a bearish divergence, and the Chaikin Money Flow (CMF) is declining, suggesting weakening demand from both retail and large holders. The only bullish factor is the Bull Bear Power (BBP) indicator, which shows shrinking bearish momentum. Technically, PI is in a falling wedge pattern, which usually precedes a reversal, but the downside risk is easier to trigger; a 5% drop could lead to $0.15, whereas a confirmed upside breakout requires a 34% rally past $0.27. Consequently, the bears currently have the edge due to the lower threshold for a breakdown.

(Source：BeInCrypto)