PI Coin Price Stuck in Bull-Bear Tug-of-War — Here’s Who’s Winning
PI Coin's price action shows a tense battle between bulls and bears, with recent indicators hinting at weakening seller momentum. However, the overall technical setup remains precarious, still favoring downside risks over a sustained recovery.
Two key technical signals are shaping the asset's trajectory: The Money FLOW Index shows a bearish divergence (prices made higher lows October 10-17 while MFI printed lower lows), signaling fading retail interest. Meanwhile, the Chaikin Money Flow indicates declining institutional participation despite staying nominally positive, with a notable drop since October 20.
The Bull Bear Power indicator offers the sole bullish signal, keeping upside potential alive. Without fresh capital inflows from both retail and institutional traders, any price rebounds will likely remain temporary.
