PI Coin Sentiment Plummets to Four-Month Low as Price Stalls Below Key Resistance

PI Coin holders' Optimism has dropped to its lowest level since February, with weighted sentiment metrics falling into negative territory. The altcoin remains stuck below the $0.401 resistance level, currently trading at $0.383 amid ongoing volatility.

Santiment data shows a sharp 24-hour sentiment shift, indicating growing impatience among investors anticipating stronger upside. However, the Chaikin Money FLOW indicator suggests underlying strength, with sustained capital inflows pointing to bargain hunting at current levels.

Technical challenges persist as Pi Coin fails to capitalize on recent accumulation patterns. The asset's inability to break key resistance raises concerns about near-term momentum, despite some macro indicators showing cautiously positive signals.