Pi Coin prices have slipped nearly 1% in the last 24 hours and fell 6.5% in the past week, performing a wider market.
While most tokens tend to be set in short-lived rebounds during revisions, technical and chain signals suggest that the PI downtrend is not over.
Buyers cannot regain control due to sustained sales pressure
The Chaikin Money Flow (CMF), which tracks capital inflows and outflows, moved temporarily higher in early August, suggesting an increase in demand. However, the latest readings are below zero, confirming that sales pressures are still above capital inflows.
In the case of PI, this shift suggests that the buyer tried to regain control but failed to maintain it.
The Bullbear Power (BBP) reinforces the bearish picture. This is an indicator that measures whether a buyer (bull) or seller (bear) controls the market.
The indicators show that the strength of the bearish has been slightly moderated, but the last two sessions remained flat. This suggests that the Bulls attempted a push but failed to overwhelm the seller.
Combined with the negative reading of the CMF, the data suggests that sales pressures are still tightly controlled, despite buyers trying to cancel their bearish momentum.
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Hidden divergence confirms bearish bias as important PI price levels are focused
The weaknesses seen in CMF and BBP are echoed by momentum signals. The relative strength index (RSI) formed a hidden bearish divergence.
This means that RSI hit a high in the mid-40s while the Pi price chart showed a low high. This cut shows that momentum has not been converted into an upward price action, reinforcing the bearish bias.
The Relative Strength Index (RSI) measures the speed and strength of price movements and indicates whether an asset is being over-acquired or sold. RSIs increase highs and low prices create hidden bearish fleeting.
This indicates that despite the strong momentum, sellers still control the trend, and the downtrend is likely to continue.
This kind of hidden bearish divergence highlights the continued downward trend of PI coin prices. The flashing pattern on daily charts (longer time frames) may be the main reason new Pi coin prices are imminent.
Currently, the PI price, which is trading nearly $0.359, faces strong support at $0.350. A breakdown below this level could accelerate losses to $0.339 and $0.322, and if $0.322 is compromised, there is a fresh low.
The advantage is that the Bulls need to regain $0.377 and then $0.408 to reverse the structure. A movement that appears unlikely unless the influx has returned decisively.
The price of post PI coins could hit another all-time low as the key indicator first appeared on Beincrypto.
