Pi Coin’s Decline Continues, Yet the Data Tells a More Complex Story

Pi Coin has experienced a third consecutive week of decline due to weak investor support and broader market hesitation. However, on-chain indicators suggest a more complex situation is developing. Specifically, the Chaikin Money Flow (CMF) has shown a gradual uptick, indicating that capital is slowly returning to Pi Coin, potentially viewing current prices as accumulation zones. Conversely, the Average Directional Index (ADX) suggests the downtrend is close to strengthening, with a move above 25.0 confirming bearish momentum. At the time of writing, Pi Coin trades around $0.203, holding between $0.198 support and $0.208 resistance. The price action suggests consolidation; a sustained downtrend could keep it range-bound, but continued capital inflows could help it reclaim resistance levels, potentially leading to a recovery toward $0.224.

(Source：BeInCrypto)