Buyers Still Want a Piece of Pi Coin — But That Might Not Be a ‘Smart’ Move Now
Despite active dip-buying in Pi Coin, technical indicators suggest this support is weak and not backed by strong volume or 'smart money'.Summary
Pi Coin's price has recently declined, but technical analysis indicates that while buyers are accumulating on dips, the underlying support is weak. The Money Flow Index (MFI) shows dip-buying exists, but it is forming bearish divergence against the price. Furthermore, the On-Balance Volume (OBV) has broken below its rising trendline, indicating that buying pressure is present but insufficient to drive a significant upward move.
The situation is further complicated by the Smart Money Index, which is moving away from the signal line, suggesting that informed traders are hesitant to support a strong rebound. Key price levels show PI sitting near $0.209 support; a break below this could lead to $0.192 or $0.153, while reclaiming strength requires breaking resistance at $0.236. Given the weak volume backing and lack of 'smart money' conviction, the downside risk appears more probable unless the MFI can break its descending trendline.
(Source：BeInCrypto)