Pi Coin Could Face Major Price Corrections, Here’s Why

The post Pi Coin Could Face Major Price Corrections, Here’s Why appeared on BitcoinEthereumNews.com. Pi Coin’s recent upward momentum has started to cool, with the altcoin facing a 5% pullback in the past 24 hours. The rise in price earlier this week has now met short-term resistance as inflows show signs of saturation. This shift suggests that the strong buying activity supporting the rally may slow in the near term. Sponsored Pi Coin Faces Slight Bearishness The Chaikin Money Flow is slipping after touching the 0.15 level, signaling weakening capital inflows. CMF tracks money entering and exiting an asset, and while 0.20 is typically viewed as a saturation point, Pi Coin’s threshold appears lower. Historically, a move above 0.15 has often led to both price reversals and netflow declines. This pattern may repeat, as Pi Coin has struggled to maintain inflows once CMF breaks above this zone. A renewed drop in capital could pull the price lower in the coming sessions, creating short-term bearish pressure. Want more token insights like this? Sign upa for Editor Harsh Notariya’s Daily Crypto Newsletter here. Sponsored Pi Coin CMF. Source: TradingView Despite the slip in sentiment, macro indicators still show pockets of strength. The Relative Strength Index remains in bullish territory above the neutral line. This means Pi Coin is managing to sustain buying interest even as broader market sentiment trends bearish. Strong RSI readings often imply underlying resilience. One contributing factor is Pi Coin’s negative correlation with Bitcoin. Sponsored As BTC weakens, Pi Coin has avoided following the typical market trend, allowing it to maintain upward movement independently. This divergence continues to support the asset, even with inflows softening. Pi Coin RSI. Source: TradingView Pi Coin is trading at $0.241, sitting just below the $0.246 resistance level. The altcoin’s 5% drop yesterday reflects short-term bearish pressure. This has eased but not disappeared entirely. Price action suggests a cautious environment as traders…
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