Pi Coin widened its decline for the third consecutive week, falling significantly from recent local highs. Altcoins have struggled amid weak investor support and widespread market hesitation.
While selling pressure prevailed in the early sessions, on-chain signals now suggest that at least one key factor may be improving.
Pi Coin holders are using it
Chaikin money flow has shown a gradual rise over the past few days. This change shows that capital is gradually returning to Pi Coin. Investors appear to be adjusting their stance, likely viewing the current price as an attractive accumulation zone.
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An increase in CMF measurements often reflects an increase in confidence. Continued buying can absorb selling pressure, so new inflows are essential for recovery. If this trend continues, Pi Coin may gain the necessary momentum to stabilize and attempt a short-term rebound.
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Although inflows have improved, macro indicators remain mixed. The average directional index indicates that the recent downtrend is strengthening. A move above the 25.0 threshold would confirm the prevailing bearish momentum and increase control by sellers.
However, failure to break above this level would indicate a weakening of the trend strength. In such a scenario, selling pressure may weaken. This would give Pi Coin room to recover, especially if purchase interest continues to increase along with a supportive market environment.
PI price may end up within range
Pi Coin is trading around $0.203 at the time of writing, above support at $0.198 and below resistance at $0.208. The token remains down about 28% from its local top of $0.284. Price trends suggest consolidation rather than a definitive move.
If the downtrend strengthens, Pi Coin may remain within the range of $0.198 to $0.208. This structure will limit upside room and slow the recovery. A prolonged decline in stock prices could further test investors’ patience amid continued market uncertainty.
The bullish scenario hinges on sustained capital inflows. Continued accumulation allows Pi Coin to regain $0.208 as support. If the breakout is successful, the price will rise towards $0.217 and may further rise to $0.224. Such a move would invalidate the bearish thesis.
