Is Pi Coin Retail Trying to Catch a ‘Falling Knife’ as New Low Risks Surface?

Pi Coin's price has experienced heavy pressure, dropping about 32% since late November, fitting the definition of a 'falling knife' pattern where the price continuously sets lower lows without a clear base. Technical indicators confirm this bearish control: the price remains below major Exponential Moving Averages (EMAs), and the Bull Bear Power (BBP) indicator is deeply negative, signaling bears are dominant. While the 12-hour chart shows the Money Flow Index (MFI) forming higher lows—suggesting short-term retail buying—the Chaikin Money Flow (CMF) remains negative, indicating that large capital is still exiting the asset. This divergence highlights the typical pattern where retail attempts to buy dips while 'big money' sells. Key price levels are critical: support is at $0.187, and a break below the all-time low of $0.174 could lead to a new low near $0.130. A meaningful rebound requires reclaiming $0.213 to challenge the falling knife structure.

(Source：BeInCrypto)