Pi Coin Price Rises 10% As Capital Inflows Jump to 6-Week High
Pi Coin surged 10%, driven by a six-week high in capital inflows and strengthening market indicators like CMF and RSI.Summary
Pi Coin experienced a significant 10% price increase, reaching a weekly high due to renewed investor confidence and improving market conditions, marked by accelerating capital inflows.
Technical analysis shows strengthening demand, with the Chaikin Money Flow (CMF) moving sharply into positive territory, indicating active liquidity additions. Furthermore, the Relative Strength Index (RSI) is steadily rising, suggesting buyers are gaining control and supporting upward momentum.
Currently trading around $0.250 after a 9.5% 24-hour rise, Pi Coin needs to establish support at $0.246 to potentially target $0.260 and higher. Failure to hold this level could lead to a retracement toward $0.234 or $0.224, invalidating the current bullish outlook.
(Source：BeInCrypto)