pi coin price, pi network price, PI NETWORK okx, pi coin okx. Photo by BeInCrypto Pi Coin price is showing early signs of support after a sharp mid-December drop. Since the December 16 low, Pi Coin has bounced over 8%, helped by steady exchange-side buying. But while buying pressure has picked up, not all capital groups are convinced yet. The result is a market caught between support and hesitation, setting up a likely range move rather than a clean breakout. Right now, Pi Coin sits at a crossroads where ...

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]

Core Viewpoint - Bitcoin is experiencing significant market volatility, with a bearish head and shoulders pattern indicating a potential short-term decline [1][6]. Group 1: Technical Indicators - The Chaikin Money Flow (CMF) indicator has sharply fallen to its lowest level in 16 months, indicating that outflows are dominating Bitcoin, reflecting intense selling pressure [2][3]. - Bitcoin's exponential moving averages (EMAs) are nearing a potential Death Cross formation, which typically signals a sustained downtrend [4]. - Historical data shows that previous instances of a Death Cross have led to average declines of 21% to 23%, suggesting that Bitcoin could drop below $100,000 if the trend continues [5]. Group 2: Price Analysis - Currently, Bitcoin is trading at $104,268, having slipped below the $105,000 support level but remains above $100,000, which it has held since May [6]. - If the head and shoulders pattern confirms, Bitcoin could see a drop of 13.6%, potentially pushing its price down to $89,948 [7]. - A quick recovery above $105,000 could restore market confidence and lead to a rebound towards $110,000, invalidating the bearish outlook [8].