Pi Coin Price Could Recover If The Inflows Cross This Threshold

Pi Coin’s price has struggled to gain stable momentum in recent sessions, showing heightened volatility as investors wait for a clear direction. 

While the altcoin has seen a gradual improvement in inflows, it has yet to demonstrate sufficient strength to fuel a sustained price recovery.

Pi Coin Holders Are Coming Back

The Squeeze Momentum Indicator is showing that a squeeze is building up, suggesting that a major price move could be imminent. However, the indicator also signals a shift in momentum from bullish to bearish, which could lead to downside risks for Pi Coin if confirmed.

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This confirmation would arrive once the histogram transitions into red bars, typically an early sign of selling pressure building up in the market. If the squeeze releases under these bearish conditions, Pi Coin could face a notable dip, delaying any short-term recovery attempts.

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Pi Coin Squeeze Momentum Indicator
Pi Coin Squeeze Momentum Indicator. Source: TradingView

The Chaikin Money Flow (CMF) is showing encouraging signs, with a modest uptick over the past few days indicating improving inflows. However, the indicator remains below the zero line, meaning that outflows are still stronger than inflows for now. To confirm a trend reversal, the CMF must cross into positive territory.

Crossing the zero line would represent growing accumulation by investors, a key requirement for driving price recovery. While the decline in outflows is a positive step, Pi Coin still needs stronger market participation and sustained buying interest to offset recent selling pressure.

Pi Coin CMF
Pi Coin CMF. Source: TradingView

PI Price Awaits A Strong Push

Pi Coin is trading at $0.228 at the time of writing, sitting just below the $0.229 resistance level. The altcoin has held above the crucial $0.217 support for several days. This signals cautious optimism among traders despite the prevailing uncertainty.

Given these conditions, Pi Coin will likely continue consolidating between $0.229 and $0.217 in the near term. A sharp breakdown below this support is improbable unless broader market sentiment turns sharply bearish.

Pi Coin Price Analysis.
Pi Coin Price Analysis. Source: TradingView

However, if investor participation strengthens and inflows cross the required threshold, Pi Coin could push past $0.229 resistance. This would open the door for a rally toward $0.246, effectively invalidating the bearish thesis.

Source: https://beincrypto.com/pi-coin-price-recovery-seems-difficult/