Abbreviation
The pica network approaches its writing level, in price of approximately $ 0.499, only 20% above its package level. Technical indicators become red, especially the monetary flow of the Chaikin calculation (cmf), which signal a strong drop in inputs. The correlation between the room pi and the bitcoin is well at 0.07, reviling a disturbing details during the market bullish stage. The lack of bulish and clear catalists compromised every attempt to restore a short term.
In Brief
Pi Network is approaching its all-time low, with a price around $0.499, just 20 % above its floor level.
Technical indicators turn red, notably the Chaikin Money Flow (CMF), which signals a sharp decline in inflows.
The correlation between Pi Coin and Bitcoin drops sharply to 0.07, revealing a worrying disconnection during the market’s bullish phase.
The absence of bullish momentum and clear catalysts jeopardizes any attempt at a sustainable rebound in the short term.
Here are the major technical elements defining this bearish sequence :
Current price of Pi Network : around $0.499, only 20 % above its historical floor of $0.400 ;
Critical support level : located at $0.493, in case of a breakdown, the price could slip toward $0.450, or even retest its all-time low ;
The CMF (Chaikin Money Flow) indicator : near zero, signaling increasing outflows, synonymous with investor withdrawal ;
Resistance to watch : $0.518, only a recovery above this level would allow considering a bullish dynamic.
In the current environment, marked by a lack of catalysts and a very cautious general sentiment, these technical indicators struggle to offer an optimistic short-term outlook.