Pi Coin Tries to Bounce Back After 15% Drop, But Money Flows Still Lag
BeInCrypto
Pi Coin is attempting a recovery after a 15% drop, but sustained bullish momentum is hindered by lagging investor inflows.Summary
Pi Coin is attempting to recover from a recent 15% decline, currently holding above the $0.217 support level. While the Relative Strength Index (RSI) shows improving momentum as it climbs back into positive territory, indicating easing selling pressure, investor inflows remain a concern. The Chaikin Money Flow (CMF) is still below zero, meaning outflows outweigh inflows, which must reverse for lasting market strength.
At the time of writing, Pi Coin was priced at $0.235 after breaching the $0.229 resistance. A full recovery requires breaking the $0.246 resistance to target $0.260. Conversely, if momentum fades, the price could retest the $0.217 support, invalidating the current bullish outlook.
(Source：BeInCrypto)