Pi Coin is attempting to recover after weeks of sluggish momentum, with the altcoin currently holding above the $0.217 support level. The recent rebound attempt follows a mild uptick in price action, but concerns remain as investor inflows appear limited.
Sustained bullish momentum will be crucial for Pi Coin to fully recover from its recent 15% decline.
Pi Coin Investors Attempt Recovery
The Relative Strength Index (RSI) indicates that the market has turned slightly bullish after a prolonged period of weakness. The indicator, which had dipped below the neutral mark, has now climbed back into the positive zone. This rebound shows improving momentum and signals that selling pressure is easing while buyers regain confidence.
SponsoredThis shift in sentiment could mark the start of a more sustained recovery phase for Pi Coin. However, for this bullish momentum to solidify, trading volume and investor participation must increase significantly.
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The Chaikin Money Flow (CMF) remains a key indicator for understanding investor behavior surrounding Pi Coin. At present, the CMF continues to sit below the zero line, indicating that outflows still outweigh inflows. While outflows have declined recently, the indicator has yet to cross into positive territory — a necessary condition for confirming lasting market strength.
If Pi Coin manages to push the CMF above zero, it would suggest that inflows are finally dominating, signaling growing investor confidence. This shift could help sustain the ongoing price recovery, potentially allowing Pi Coin to climb higher and stabilize above critical resistance levels.
PI Price Can Bounce Off
Pi Coin’s price stands at $0.235 at the time of writing, after successfully breaching the $0.229 resistance level within the last 24 hours. The altcoin now appears to be regaining some lost ground from its late October decline.
For Pi Coin to fully recover from its 15% drop, the price must break through the $0.246 resistance and rally toward $0.260. Achieving this would reinforce the bullish outlook and restore market confidence among cautious investors.
However, if the bullish momentum weakens, Pi Coin could slip below $0.229 again and test the $0.217 support level. A breakdown beneath this support would invalidate the bullish thesis and expose the cryptocurrency to further downside risks.
