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The price of Pi coin is down about 1.5% today, but its 7-day gain of 6.1% still outperforms the rest of the cryptocurrency market. It is also about 15% this month, while Bitcoin is down about 20%. This shows how negatively Pi has been correlated, which is one of the reasons why it keeps green candles even in weak conditions.
But the move has stopped in a narrow range between $0.24 and $0.22 since November 17. The chart now shows a narrow window of 4-5% where Pi can break either up or down, depending on how certain signals resolve.
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Big buyers always support the demonstration
Pi coin has a strong positive signal: Large portfolios continue to support the movement.
Between November 19 and November 24, the price made a lower high while Chaiken Money Flow (CMF) made a higher high. CMF measures whether large portfolios are adding or exiting. This is a positive divergence, which means that the consolidation is happening even when the price slows down.
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The CMF is also holding above its trend line and above zero. As long as it stays above this line, support for large portfolios remains present, and the bounce remains alive.
This is the only positive sign that the Pi coin price currently has.
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Weak sales force and missing volume support?
Younger buyers don’t show the same energy.
Between November 21 and November 24, he achieved The coin price Pi A higher low, but the money flow index (MFI) made a lower low. The IMF tracks sinking purchasing power by measuring price and volume. This is a negative divergence, which shows weak selling buying.
Volume carries the same risks.
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The balance volume (OBV) remains below the major trend line near -1.97 billion. OBV measures whether new volume is entering the market. Until it can break above this line, PI does not have enough stake to make a strong start. Below the uptrend line, the volume support may weaken further.
Simply put, large portfolios still supportive, but retail buying remains weak. The volume remains neutral and can be the indicator that determines the next price movement value PI.
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Pi coin price: 4% up or 5% down
The PI must break $٠,٢٤ To turn this recovery into a real demonstration. This level requires a move of 4.38% and opens the way towards $0.26 and $0.29 if the volume strengthens.
But the break is still near. A drop below $0.22 reveals $0.21. A drop below $0.22 would indicate a 5.49% drawdown and is in line with bearish MFI variations and a neutral OBV.
Now, PI is at a point where the two results remain equally close:
- CMF keeps the momentum alive and could help in a 4% rally.
- The MFI and OBV pressure remain on the lower side, highlighting a risk of 5%.
A logical break above $0.24 confirms strength. A clean break below $0.22 confirms the weakness. However, it can quickly break the price of Picoin.
