The price recovery of Pi coin is facing significant resistance due to a persistent lack of strong buying interest and a series of bearish technical signals, making it difficult to gain momentum. Despite attempts to stabilize, the outlook for this altcoin remains neutral to bearish, indicating that the path to sustained upward movement will be very challenging.

1. On-chain indicators confirm ongoing decline and lack of momentum. Key metrics highlight the challenges Pi coin faces in reversing its trend:

- Chaikin Money Flow (#PI CMF() below zero: The Chaikin Money Flow indicator, which measures buying and selling pressure, continues to trend downward and remains firmly below the zero line. This is a critical bearish signal, indicating that capital outflows (selling pressure) are stronger than inflows (buying pressure). This persistent imbalance fundamentally hampers price rebounds, reflecting a weak accumulation environment and a difficult recovery situation. Unless the CMF clearly breaks above zero, sustained upward momentum is unlikely.

The momentum squeeze indicator shows