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Pi Coin Stuck Between Whale Conviction and Retail Slowdown — Which Side Breaks First?

BeInCrypto
Pi Coin price is range-bound as retail accumulation slows while large holders defend price levels, hinting at a potential rebound.

Summary

Pi Coin's price has been trading nearly flat, consolidating in a narrow range since a dip on November 4. This stability masks a divergence in market activity: retail trader inflows, measured by the Money Flow Index (MFI), are fading, signaling a slowdown in smaller accumulation. Conversely, the Chaikin Money Flow (CMF) shows large holders, or whales, are stepping in to support the price, preventing a deeper drop, although CMF remains below zero. Furthermore, a bullish divergence was observed between Pi Coin's price (making a lower low) and its Relative Strength Index (RSI) (making a higher low) between October 25 and November 4, suggesting weakening seller momentum. A confirmed rebound requires Pi Coin to hold above $0.22 and break $0.25, potentially targeting $0.27 and $0.29. Failure to hold $0.20 could lead to a correction toward $0.15.

(Source:BeInCrypto)