PI Coin Struggles Near $0.456 as Whale Activity and Bearish Signals Mount

PI coin's price remains stagnant NEAR $0.456 despite bullish community sentiment, as on-chain data reveals increasing sell-side pressure. Exchange reserves have surged, while short positions dominate the market with persistently negative funding rates.

Technical indicators show a potential reversal signal via RSI divergence, but the token must hold above the $0.4035 support level to confirm any upward movement. Analysts are divided, with some calling PI a "sleeping giant" while others highlight the growing gap between Optimism and actual market dynamics.

Whale activity has intensified, with exchange reserves spiking sharply. This suggests accumulation by large holders may be creating a liquidity trap for retail traders. The Pi Network community continues to champion the project's long-term potential, but current trading patterns tell a more cautious story.