Accumulation/Distribution Indicator

In the span of two months, Pi Network has lost nearly 90% of its value. The cryptocurrency fell from $2.99 to a low of $0.40. This collapse could have marked the end of the hype, but a recent rebound is rekindling interest. While some see it as just a temporary surge, others suggest it could be the beginning of a turnaround. As the project is poised to reach a key milestone, the price movement in the coming days could reshape the trajectory of this controversial cryptocurrency.

As Bitcoin (BTC) remains above $81,000, signals of a shift in dynamics are multiplying. Recent data suggests a transition towards an accumulation phase, marked by a decline in spot sales and negative funding rates on trading platforms. This technical context, often a precursor to a bullish reversal, could well signal a forthcoming impulsive move.