Core Insights - Pi Coin is currently facing challenges after a significant price drop, struggling to break free from a downtrend due to weak market momentum and declining investor confidence [1][2] - Recent improvements in the broader cryptocurrency market sentiment may provide an opportunity for Pi Coin to recover [2] Investment Trends - The Chaikin Money Flow (CMF) indicator shows a noticeable uptick, indicating rising inflows into Pi Coin, suggesting that investor confidence is returning [3] - Sustained inflows are crucial for upward price movement, especially after a period of selling pressure [3][4] Technical Analysis - The Moving Average Convergence Divergence (MACD) indicator is nearing a bullish crossover, which historically has preceded recoveries for Pi Coin [5][6] - If the MACD crossover is confirmed, it could attract more investor interest and reinforce confidence in Pi Coin's recovery potential [6] Price Levels - Pi Coin is currently trading at $0.259, just above a critical support level of $0.256, which has prevented further declines [7] - To recover from a 47% crash, Pi Coin needs to rally approximately 38.8%, a target that may be achievable with rising inflows and improving technical indicators [8] Resistance and Risks - A sustained uptrend could help Pi Coin break through resistance levels at $0.271 and $0.286 [9] - However, failure to maintain bullish momentum could lead to a drop below $0.256, potentially extending losses to $0.240 [9]