Pi Coin is struggling to maintain upward momentum as its price faces consolidation following a prolonged downtrend.
At the time of writing, the cryptocurrency is hovering around $0.383, unable to break through the $0.401 resistance. Investor behavior has been inconsistent, fueling volatility and leaving the altcoin in a vulnerable position.
Investor sentiment toward Pi Coin has declined sharply, reaching a four-month low. This drop highlights fading enthusiasm as traders grow increasingly cautious. The lack of bullish conviction suggests that many holders are uncertain regarding Pi Coin’s future.
The sharp decline in sentiment occurred within the last 24 hours, likely driven by impatience over stagnant price action. Many investors expected stronger gains, but the failure to generate upward momentum triggered unease.
Despite bearish sentiment, Pi Coin’s macro momentum shows some resilience. The Chaikin Money Flow (CMF) indicator currently sits above the zero line, reflecting stronger inflows into the asset.
These inflows suggest opportunistic buying, with investors seeking to capitalize on discounted prices. Should inflows continue, Pi Coin could benefit from renewed market interest, especially if broader crypto sentiment shifts positively.
Pi Coin trades at $0.383, having recently failed to break past the $0.401 resistance. The inability to move higher keeps the asset locked in its downtrend. Without stronger support from market participants, the cryptocurrency risks extending its consolidation pattern further.
Based on current conditions, Pi Coin may continue consolidating below $0.401 in the short term. A deeper decline could bring the price down to $0.362, which stands as the next significant support level. Losing this point could strengthen bearish control, limiting the possibility of a quick rebound.
However, improving sentiment could shift the narrative. If Pi Coin breaks through $0.401 and secures it as support, the price may advance toward $0.440. Such a move would invalidate the bearish outlook, signaling renewed optimism and potential trend reversal for the altcoin.
* References, analysis, and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgement of the analyst, without considering the investment objectives and financial situation of the investors.
Risk Warning: Trading may result in the loss of your entire capital. Trading OTC derivatives may not be suitable for everyone. Please consider our legal disclosure documents before using our services and ensure that you understand the risks involved. You do not own or have any interest in the underlying assets.
Mitrade does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products. All of our products are over-the-counter derivatives over global underlying assets. Mitrade provides execution only service, acting as principal at all times.
Mitrade is a brand jointly used by multiple companies and it operates through the following companies:
Mitrade International Ltd is the issuer of the financial products that are described or available on this website. Mitrade International Ltd is authorised and regulated by Mauritius Financial Services Commission (FSC) and the licence number is GB20025791. The registered office address is 6 St Denis Street, 1st Floor River Court, Port Louis 11328, Mauritius.
Mitrade Global Pty Ltd with ABN 90 149 011 361 holds an Australian Financial Services Licence (AFSL 398528).
Mitrade Holding is authorised and regulated by Cayman Islands Monetary Authority (CIMA) and the SIB licence number is 1612446.
The information on this site is not intended for residents of the United States, Canada, Japan, New Zealand, United Kingdom or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Please note that English is the main language used in our services and is also the legally effective language in all of our terms and agreements. Versions in other langauges are only for reference. In the event of any discrepancy between the English version and the other versions, the English version shall prevail.
Secured by SSL. © Mitrade Copyright, All rights reserved.