Pi Coin is gaining strong traction after a sharp 10% price increase took the token to a weekly high. The recent rally reflects renewed investor confidence and improving market conditions.
Strengthening demand and accelerating inflows continue to support Pi Coin’s rally, suggesting its momentum could grow in the near term.
Pi Coin is attracting capital
Market sentiment has strengthened significantly, and Chaikin money flows have shown a sharp rise over the past few days. The CMF measures capital flows, and a rise into positive territory indicates an increase in capital inflows. Pi Coin’s CMF has been rising rapidly, suggesting that investors are actively adding liquidity to their assets.
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This increase reflects growing confidence in Pi Coin’s near-term prospects. As inflows increase, buying pressure also increases. Investors are motivated to improve the situation and appear poised for continued gains.
Macro momentum indicators are also consistent with Pi Coin’s bullish trend. The relative strength index has observed a steady rise, indicating rising demand and strength of upward momentum. A rise in the RSI often suggests that buyers are in control and are driving a sustained rally.
Consolidating this momentum is critical to supporting continued growth. As overall market sentiment improves, Pi Coin could continue to benefit from increased risk appetite across altcoins.
PI price may continue to rise
Pi Coin is trading at $0.250, up 9.5% in the past 24 hours. The altcoin is preparing to convert $0.246 into a confirmed support level. Maintaining this range is essential to maintain upward momentum and prevent a short-term pullback.
If Pi Coin secures support, it could rally towards above $0.260, reversing losses from late October. Such a move could attract new investors looking for momentum-based opportunities, further sustaining the ongoing bull market. Strengthening fundamentals and improving sentiment further strengthen the bullish outlook.
However, if Pi Coin faces selling pressure, the price could fall below $0.246 and weaken the current support. A decline could push the altcoin towards $0.234 or even $0.224, suggesting a deeper retracement. This scenario would invalidate bullish theories and reflect waning confidence among traders.
