Pi Coin has struggled to maintain its late-October recovery momentum, with the altcoin facing renewed selling pressure this week.
The ongoing decline has erased a significant portion of recent gains as market uncertainty combines with investor hesitation. Both external market conditions and internal investor sentiment appear to be driving this downward trajectory.
Pi Coin Outflows Rise
The Chaikin Money Flow (CMF) indicator shows that Pi Coin investors are actively pulling capital out of the market. Currently sitting at a near two-month low and below the neutral zero line, the indicator suggests that outflows are dominating. This signals that investors may be booking profits and reducing exposure amid a slowing recovery.
This shift in sentiment has weakened Pi Coin’s short-term outlook, reflecting waning confidence among holders. The persistent selling pressure indicates that participants are opting for caution over speculation. Unless inflows return, the probability of a sustainable rebound appears limited as liquidity continues to drain from the market.
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Pi Coin CMF. Source: TradingView
From a broader perspective, Pi Coin’s momentum appears to be leaning bearish. The Moving Average Convergence Divergence (MACD) indicator is on the verge of confirming a bearish crossover. The signal line is nearing the MACD line (blue), suggesting a potential shift from neutral to negative momentum in the coming sessions.
Historically, such crossovers have triggered notable corrections for Pi Coin. The impending signal highlights increasing downside risks, as market conditions continue to favor sellers over buyers.
Pi Coin MACD. Source: TradingView
PI Price May Slide Further
Pi Coin’s price has declined by nearly 15% over the past week after failing to breach the $0.260 resistance. At the time of writing, the altcoin is trading at $0.220, reflecting its weakening technical position amid fading market support and declining investor optimism.
If the downward trend persists, Pi Coin’s price could fall below $0.209 and reenter a consolidation zone between $0.209 and $0.198. This pattern, seen previously, could stall recovery attempts and extend the bearish phase for a few more weeks.
Pi Coin Price Analysis. Source: TradingView
However, a bounce from current levels could shift momentum. If Pi Coin reclaims $0.229 as support, it could attempt a rally toward the $0.246 resistance. Sustaining inflows and investor interest will be critical to invalidating the bearish outlook.
