Sellers Take Control—Will Pi Coin Fall Back Into Another Sideways Phase?

Pi Coin has lost its late-October recovery momentum due to renewed selling pressure and market uncertainty. The Chaikin Money Flow (CMF) indicator is at a two-month low, signaling that capital outflows are dominating, which weakens the short-term outlook. Furthermore, the Moving Average Convergence Divergence (MACD) is nearing a bearish crossover, historically preceding corrections for Pi Coin.

Currently trading at $0.220 after a nearly 15% weekly drop, Pi Coin failed to breach the $0.260 resistance. If the downward trend continues, the price may fall below $0.209 and re-enter a consolidation zone between $0.209 and $0.198, potentially extending the bearish phase. A sustained rally requires reclaiming $0.229 as support, which would challenge the bearish outlook.

(Source：BeInCrypto)