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Pi coin’s recent bullish run has dissipated with the altcoin down 5% in the last 24 hours. The price rally earlier this week has met short-term resistance as inflows show signs of saturation.
These changes suggest that the strong buying activity supporting the rally may slow in the near term.
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The Pi coin is facing some decline
The Chaikin Cash Flow Index decreases after reaching the 0.15 level, indicating weak capital flows.
The CMF tracker tracks money coming in and out of the asset, and while 0.20 is generally seen as a saturation point, the limit for the Pi coin appears to be lower. Historically, a move above 0.15 often results in price reversals and lower net flows.
This pattern can be repeated, where… Faces a coin Pi Difficulty holding inflows when CMF breaks this range.
A renewed decline in equities may drag the price lower in the coming sessions, creating short-term downward pressure.
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Despite the decline in sentiment, macro indicators are still showing pockets of strength. The RSI remains in the bullish zone above the neutral line.
This means that Pi coin managed Buying interest is maintained even in the presence of broader market trends. Strong RSI readings often indicate underlying hardness.
A contributing factor is the inverse relationship of Pi to Bitcoin.
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Bitcoin prices have weakened, but Bi has avoided following the traditional market trend, allowing it to maintain independent upward movement. This divergence continues to support the asset, even when the flow weakens.
Pi is trading at $0.241, and is just below the $0.246 resistance level. The 5% drop in the altcoin price yesterday reflects short-term bearish pressure. This pressure has decreased, but it has not completely disappeared. The price action shows a cautious environment as traders await stronger signals.
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If purchasing power continues to be weak, Pi coin can flow Below the support at $0.234 or remains confined between $0.234 and $0.246.
A consolidation seems likely unless flows strengthen again, which historically takes time once the CMF retreats.
However, if capital inflows increase further, Pi coin can be hacked The resistance level is at $0.246.
A successful move could lift the price to $0.250 and possibly to $0.260. This will invalidate the bearish outlook and restore short-term bullish momentum.
