PI COIN PRICE OUTLOOK: Sellers Take Control, Consolidation Under $0.20 Likely

Pi Coin (PI) has lost its recent recovery momentum and is facing a significant risk of re-entering a prolonged sideways phase, driven by rising outflows and bearish technical signals. The altcoin has already declined nearly 15% over the past week.

I. Bearish Technical and Sentiment Drivers

The forecast for consolidation is supported by two critical indicators: Weakened Investor Confidence (CMF): The Chaikin Money Flow (CMF) indicator is at a near two-month low and below the neutral zero line. This signals that capital outflows are dominating, suggesting investors are booking profits and reducing exposure, which weakens the short-term outlook.Moving Average Alignment (MACD): The Moving Average Convergence Divergence (MACD) indicator is on the verge of confirming a bearish crossover, where the signal line approaches the MACD line. Historically, such crossovers have triggered notable price corrections, highlighting mounting downside risk.

II. Consolidation Prediction and Key Levels

The price action suggests a return to a previously established sideways trading range: Key Resistance Level: The rally failed after Pi Coin was unable to breach the $0.260 resistance level.Consolidation Prediction: If the downward trend persists, the price could fall below $0.209 and re-enter a consolidation zone between $0.209 and $0.198. This sideways pattern could stall recovery attempts for several weeks.Reversal Condition: A short-term bounce is possible if Pi Coin can reclaim $0.229 as support, which could lead to a rally toward the $0.246 resistance. Sustained inflows are critical to invalidate the bearish outlook.Bearish Targets: A confirmed breakdown and deep correction could expose the price to further downside risk.

III. Disclaimer

This article is for informational purposes only and is based on third-party analyst commentary and technical analysis. The views expressed herein do not constitute financial, investment, or trading advice. The cryptocurrency market is highly volatile and speculative. Readers must conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions.