Pi Coin Price Recovery Appears Difficult Despite Investor Support
Pi Coin faces difficulty in sustained price recovery due to mixed technical indicators and ongoing net outflows.Summary
Pi Coin's price is showing volatility, struggling to achieve stable momentum despite some improvement in investor inflows. Technical analysis using the Squeeze Momentum Indicator suggests a major move is imminent, but it currently signals a shift toward bearish momentum, risking a dip if the histogram turns red. Concurrently, the Chaikin Money Flow (CMF) shows modest inflow improvement but remains below the zero line, indicating that outflows still exceed inflows, which is necessary to confirm a trend reversal. At the time of writing, Pi Coin trades at $0.228, holding above the $0.217 support but below the $0.229 resistance, suggesting near-term consolidation between these levels. A sustained rally requires stronger investor participation to push past resistance toward $0.246.
(Source：BeInCrypto)