Pi Coin Price Rise May Slow Down As Investors’ Bullishness Saturates
BeInCrypto
Pi Coin's recent price rally is slowing due to saturated investor bullishness, indicated by a pullback and weakening capital inflows.Summary
Pi Coin experienced a 5% pullback in the last 24 hours as its recent upward momentum cools due to signs of saturated inflows. The Chaikin Money Flow (CMF) is slipping after hitting 0.15, a level historically associated with price reversals for Pi Coin, suggesting weakening capital inflows and potential short-term bearish pressure. Despite this, the Relative Strength Index (RSI) remains above the neutral line, indicating sustained buying interest, partly due to Pi Coin's negative correlation with Bitcoin. Currently trading at $0.241, Pi Coin faces resistance at $0.246 and support at $0.234. Consolidation is likely unless inflows strengthen, which could push the price toward $0.250 or $0.260.
(Source：BeInCrypto)