Pi Coin’s Obsession With $0.21 Is Holding Back The Upside — Here’s Why
Pi Coin shows signs of accumulation as capital returns, but its inability to break the critical $0.21 resistance is delaying any significant upside movement.Summary
Pi Coin price action is showing early signs of a rebound, with capital behavior shifting as dips are absorbed and selling pressure eases. The Chaikin Money Flow (CMF) has crossed above zero and a descending trendline, indicating buyers are gaining control, which is reinforced by the Money Flow Index (MFI) rising during recent price pullbacks, suggesting quiet accumulation.
However, the price remains fixated on the $0.21 level, which has historically acted as a major pivot point. If Pi Coin can reclaim and hold above $0.21, the next target is near $0.24 (the 0.618 Fibonacci level), implying a 21% rally. Failure to break this resistance means the market risks remaining range-bound despite positive underlying capital flows, potentially leading to a drop toward $0.19 or $0.15.
(Source：BeInCrypto)