Crypto: Pi Coin Under Pressure with Negative Technical Indicators

Pi Coin plunges back into a technical setup reminiscent of a very unfavorable previous scenario. Several crypto market signals converge towards a new phase of weakness while confidence around Pi Network remains fragile. Is history rhyming once again?

Pi Coin Reenacts a Previously Known Bearish Scenario on the Crypto Market

The observation is simple: Pi Coin trades around $0.178, down for the day, and still struggles to break through an important technical zone at $0.189.

This level corresponds to a Fibonacci resistance that the market cannot reclaim. More worrying still, the current structure closely resembles that observed between November and December 2025, just before a strong correction.

The most concerning signal comes from the CMF (Chaikin Money Flow), an indicator measuring capital flows. Mid-March, it peaked around 0.30, following Pi Coin’s push towards $0.299. Since then, it sharply reversed to fall to -0.11. In other words, money is leaving the market instead of entering it.

This detail is no coincidence. During the previous bearish episode, the same indicator followed an almost identical trajectory. At that time, the CMF went from a bullish peak to a trough near -0.20, while the price of Pi Coin collapsed 38% in less than two months. The parallel is therefore not only visual: it is also behavioral.

In this context, current weakness in Pi Coin does not seem like mere crypto market noise. It is part of a broader climate of distrust, already reignited last February when Pi dropped 24% in 24 hours, raising doubts about the real depth of demand and the project’s capacity to sustainably support its valuation.

Why Bearish Pressure on Pi Could Still Worsen

The second element to watch is the MFI (Money Flow Index), which measures both price and volumes. Today, it hovers around 35, a level already weakened. And that is precisely the problem.

In December 2025, the MFI had already entered oversold territory, below 20, without provoking a real rebound. This means a market can remain oversold for a long time when confidence disappears. In short, even though Pi Coin already seems fragile, the downward movement might not be over.

On the chart, this reading is reinforced by a double top pattern, often interpreted as a classic signal of exhaustion. This configuration projects a theoretical target near $0.130, i.e., a return to the lows. Before that, the zones around $0.159 then $0.141 could serve as intermediate steps.

Another negative point: moving averages remain downward oriented. As long as the price stays below these curves, the market sends a clear message: sellers hold the upper hand. This does not necessarily condemn Pi in the short term but strongly reduces the likelihood of a clean and lasting rebound.

To invalidate this scenario, a daily close above $0.210 would be necessary. That would be the first true recovery signal. In that case, the market might consider a return towards $0.244, then $0.268. However, at this stage, this is not yet the dominant scenario.

In sum, Pi Coin’s indicators reproduce with disconcerting accuracy the December 2025 scenario, which ended with a loss of more than a third of its value. To invalidate this bearish scenario, a daily close above $0.210 is essential. Meanwhile, buyers seem to have left the room.