todayonchain.com

Pi Coin Loses Social Pulse With New All-Time Low Just 13% Away

BeInCrypto
Pi Coin faces a potential new all-time low as bearish technical patterns, declining social engagement, and capital outflows signal further downside risks.

Summary

Pi Coin is exhibiting a bearish 'Head and Shoulders' chart pattern, with indicators like the Chaikin Money Flow suggesting significant capital flight. Social volume has plummeted by approximately 97%, indicating a sharp decline in retail interest, while the Smart Money Index confirms that informed traders are also pulling back. Currently, the price is testing a critical support level; a failure to hold this could trigger a decline toward a new all-time low, approximately 13% below current levels.

(Source:BeInCrypto)