#Pi #PiNetwork The price of Pi Coin has decreased by almost 1% in the last 24 hours and has fallen by 6.5% over the week, lagging behind the market.

While many tokens typically show short-term rebounds during corrections, technical and on-chain signals indicate that the downward trend for PI is not yet over.

Buyers cannot regain control; selling pressure remains.

The Chaikin Money Flow (CMF) index, tracking capital movement, briefly rose in early August, hinting at increased demand. However, the latest value has dropped back below zero, confirming that selling pressure still exceeds capital inflows.

For PI, this means that buyers attempted to regain control but were unable to maintain it.

The Bull Bear Power (BBP) indicator reinforces the bearish scenario. It assesses who controls the market — buyers (bulls) or sellers (bears).

Although the indicator shows that bearish strength has slightly weakened, the last two sessions remained flat. This suggests that bulls attempted to make a move but were unable to surpass the sellers.

A negative CMF value shows that sellers continue to dominate despite attempts by buyers to change the situation.

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Hidden divergence confirms the bearish scenario.

The Relative Strength Index (RSI) shows hidden bearish divergence. The price chart of PI shows decreasing highs, while the RSI demonstrates increasing highs around the mid-40s. This divergence indicates that momentum is not leading to price increases, reinforcing the bearish sentiment.

This signals that, despite the apparent strengthening of momentum, sellers still control the trend, and the downward movement is likely to continue.

Hidden bearish divergence indicates a continuation of the price drop for Pi Coin. This pattern on the daily chart may lead to a new low.

At the time of publication, Pi Coin is trading around $0.359 and facing support at $0.350. If the price falls below this, losses could reach $0.339 and $0.322. Breaking through $0.322 may lead to new historical lows.

For a trend change, bulls need to push the price above $0.377 and then $0.408. However, this is unlikely without significant inflows.