Pi Coin Sees Strong Inflows, But a Hidden Price Pattern Emerges
Pi Coin shows improved buying interest, but a hidden bearish divergence suggests the recent rise may be corrective.Summary
Pi Coin is experiencing modest upward movement with improved buying interest, evidenced by the Chaikin Money Flow (CMF) climbing above the zero line, indicating sustained accumulation.
However, technical indicators reveal a hidden bearish divergence between December 19 and January 3, where the price made a lower high while the RSI made a higher high. This suggests the current rally lacks strong underlying support and may be corrective within a broader downtrend, exposing Pi Coin to renewed downside risk if momentum fades.
The immediate price challenge for Pi Coin is the $0.214 resistance level, which aligns with the 23.6% Fibonacci retracement. A decisive close above this point could target $0.226, but failure to hold bullish momentum risks a drop toward the critical $0.199 support level.
(Source：BeInCrypto)