Pi Coin Price Recovery Appears Difficult Despite Investor Support

Core Insights - Pi Coin's price has been volatile, struggling to gain stable momentum as investors await clearer direction [1] - Despite gradual improvements in inflows, Pi Coin has not shown sufficient strength for a sustained price recovery [1] Market Indicators - The Squeeze Momentum Indicator indicates a potential major price move is imminent, but also shows a shift from bullish to bearish momentum, posing downside risks [2] - Confirmation of bearish conditions would occur if the histogram transitions to red bars, indicating selling pressure [3] - The Chaikin Money Flow (CMF) shows a modest uptick, suggesting improving inflows, but remains below the zero line, indicating stronger outflows [4] - A positive CMF crossing the zero line would signify growing accumulation by investors, essential for price recovery [5] Price Levels - Pi Coin is currently trading at $0.228, just below the $0.229 resistance level, while holding above the crucial $0.217 support [6] - The altcoin is expected to consolidate between $0.229 and $0.217 in the near term, with a sharp breakdown below support unlikely unless market sentiment turns bearish [7] - Strengthened investor participation and inflows could push Pi Coin past the $0.229 resistance, potentially leading to a rally towards $0.246 [8]