Pi Coin Dip Buyers Step In—but Only Big Money Can Stop the Breakdown
Pi Coin price action shows dip buyers absorbing selling pressure, but a confirmed rebound hinges on 'big money' indicators like the CMF crossing zero.Summary
Pi Coin's price is slightly up in 24 hours but remains down over three months, showing a forming breakdown that dip buyers have temporarily halted. Technical analysis reveals a bullish divergence in the Money Flow Index (MFI), suggesting selling pressure is being absorbed before a full collapse, despite a bearish head and shoulders pattern.
The crucial factor now is the Chaikin Money Flow (CMF), which tracks 'big money' flows. CMF has broken its descending trend line and is approaching the zero line; a close above zero is needed to confirm a structural reversal, similar to a previous instance that led to a 10.76% rally.
Key price levels dictate the immediate future: holding above the $0.182 neckline keeps the bearish structure unconfirmed, while a move above $0.218 would significantly weaken the breakdown thesis. Conversely, a daily close below $0.182 confirms the breakdown, potentially leading to a measured move toward $0.137. Currently, Pi Coin is suspended, awaiting confirmation from larger capital flows.
(Source：BeInCrypto)