Pi Coin’s Stagnation Continues: Can Low Volume Spark a Turnaround?

Pi Coin's price action remains sluggish as trading volume fails to pick up—raising questions about its near-term viability.

Where's the momentum? Despite its ambitious vision, Pi Coin struggles to attract meaningful liquidity. Thin order books and lackluster investor interest paint a worrying picture for holders expecting a breakout.

The ghost town effect. With volume stuck in the doldrums, Pi Coin risks becoming another 'zombie token'—alive on paper but dead in the market. (Another 'decentralized revolution' stuck in first gear? You hate to see it.)

Wake-up call or death knell? Without a surge in activity, Pi Coin might just become crypto's next cautionary tale—right alongside all those other 'next Bitcoin' pretenders.

In brief

• Pi Network is currently evolving in a consolidation zone between $0.217 and $0.229, without clear momentum.
• Despite apparent investor support, technical indicators signal a bearish trend forming.
• The Squeeze Momentum Indicator shows a slide towards negative momentum, raising fears of selling pressure.
• The Chaikin Money Flow remains below zero, proof that capital outflows still outweigh inflows.

Critical technical signals

Pi Network continues to fascinate millions of investors despite criticism. While the crypto currently trades at $0.228, technical indicators reveal a fragile and tense situation.

Indeed, the asset trades at $0.228, in a consolidation phase between $0.229 and $0.217, while investors await stronger inflows to hope for a sustainable recovery.

In other words, despite maintaining solid support at $0.217, the market remains hesitant, unable to break the immediate resistance at $0.229. The trend is all the more worrying as one of the main momentum analysis tools, the Squeeze Momentum Indicator, shows a slide towards a bearish signal.

More precisely, the indicators reveal :

• A technical blockage below the $0.229 resistance, a critical threshold that buyers have not yet managed to surpass ;

• Lateral consolidation between $0.229 and $0.217, a sign of a market awaiting a strong signal ;

• An increased selling pressure risk, signaled by the Squeeze Momentum Indicator ;

• A lack of sufficient volumes, hindering any clear bullish momentum.

In the absence of a trigger, the current setup could open the way for a return of selling pressure, especially if the technical histogram begins to print red bars, signaling imbalance in favor of sellers. The $0.217 level acts as a last bastion. Its break could restart a bearish phase.

A possible rebound, provided incoming flows break a critical threshold

Beyond momentum tensions, analysis of money FLOW and on-chain data offers a complementary reading of the situation, with timid signals nonetheless bearing some conditional optimism.

The Chaikin Money Flow (CMF), an indicator measuring the balance between capital inflows and outflows, shows a slight improvement in recent days, indicating better fresh money inflows.

However, the indicator remains below zero, meaning outflows still exceed inflows for now. This detail is crucial because as long as the CMF is not positive, selling pressure structurally continues to dominate trading.

This neutrality threshold of the CMF, located at the zero line, acts as a potential trigger for a trend reversal. If it were sustainably broken, it WOULD indicate progressive accumulation by investors, a prerequisite for a price recovery.

In this scenario, a break of the current resistance at $0.229 could release a bullish impulse toward the $0.246 zone. Such progress would open the way for a rally. However, this depends on increased market participation. For now, volumes remain too low to confirm such a turnaround.

In the medium term, the future of the Pi Network price therefore directly depends on the market’s ability to restore sufficient inflows. Without this dynamic, the asset risks being stuck for a long time in a lateral phase, or even plunging again in case of a global crypto market reversal. Conversely, an improvement of the CMF and a technical break above current resistance could signal a regime change, propelling Pi toward a more favorable valuation zone.

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