Core Insights - Pi Coin has seen a significant price drop this week, indicating a potential short-term bullish pattern despite a weakening broader outlook [1] - The Chaikin Money Flow (CMF) indicator shows slowing inflows, suggesting that some investor confidence remains for a short-term recovery [2][3] - A bearish pennant pattern is forming, which typically indicates a continuation of bearish momentum after a brief consolidation phase [4] Price Analysis - Pi Coin is currently trading at $0.232, reflecting a 16% decline over recent days, while holding above the $0.224 support level [6] - There is potential for a short-term bounce towards $0.246, with a possibility of breaking above $0.250 if the ascending channel structure remains intact [7] - If market conditions worsen, Pi Coin risks losing the $0.224 support, which could lead to a drop to $0.217 or lower, invalidating the short-term bullish outlook [8]