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Pi Coin’s Recent Bounce May Signal Impending Drop to $0.31
Pi Coin’s Recent Bounce May Signal Impending Drop to $0.31
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin's recent price surge appears to be a false signal, with technical indicators pointing toward a potential decline to $0.31. The Money FLOW Index (MFI) indicates retail-driven dip-buying activity, while the Chaikin Money Flow (CMF) reveals concerning lack of institutional support, remaining deeply negative at -0.11.
A hidden bearish divergence has emerged on the daily RSI, where lower price highs contrast with higher RSI readings. This disconnect between retail enthusiasm and institutional participation typically precedes sharp market reversals. Market participants should await confirmation of weakness before interpreting the current bounce as sustainable momentum.
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