Pi Coin has been struggling after the recent crash, and Altcoin is unable to release itself from sustained downtrends. Cryptocurrencies have suffered massive losses in recent weeks due to weak market momentum and weak investor trust.
However, improving emotions across the broader crypto market this week could provide Pi Coin with an opportunity to recover.
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Pi Coin investors continue to pour money
The Chaikin Money Flow (CMF) indicator is currently showing a noticeable increase, indicating an increase in the inflow into Pi Coin. This trend suggests that investors are regaining trust and returning capital to assets.
Sustainable inflows are essential to encourage upward price transfers, especially after long-term sales pressure.
CMF improvements highlight that PI Coins may be regaining traction among traders looking to buy dip.
When new capital enters the market, it can stabilize momentum and provide the liquidity needed to steadily begin rebounding from current levels if the momentum is consistent.
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Technically, the moving average convergence divergence (MACD) indicator refers to a potential bullish crossover. The indicator line is approaching the signal line, and the crossover checks for a shift to positive momentum.
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Historically, such a move has preceded the recovery of PI coins, indicating the potential for short-term strength.
If confirmed, this crossover could attract additional investors’ interest and strengthens confidence in Pi Coin’s recovery capabilities. While wider market volatility remains a risk, the persistent bull signal from MACD will gradually strengthen appreciation lawsuits over the coming weeks.
PI price requires a push
At the time of writing, Pi Coin is trading at $0.259, $0.259. This zone served as an important foundation for tokens, preventing further declines during recent market turbulence.
To fully recover from a 47% crash, Pi Coin needs to rise by around 38.8%. This goal remains ambitious, but rising inflows and improving technical indicators could gradually push the token towards recovery if current conditions persist.
The sustained uptrend helps PI coins break through resistance levels at $0.271 and $0.286.
However, if bullish momentum fails, the potential losses reach $0.240, which could fall below $0.256, nullifying the current optimistic outlook.
