Pi Coin Price Marks 32% Rise, But Massive Outflows Fail Recovery
Pi Coin (PI) witnessed a sharp 32% price surge in the past 24 hours, sparking hopes of a sustained rally.
However, the optimism was short-lived as investors seemingly used the brief rally to offload holdings.
- The altcoin’s momentum now faces growing pressure, with technical indicators signaling a potential breakdown if selling continues.
- The Chaikin Money Flow (CMF) indicator paints a concerning picture for Pi Coin.
Over the past 24 hours, CMF has recorded a steep downtick, falling to a near two-month low.
Such sharp declines in CMF often signal growing bearish sentiment.
Pi Coin holders appear to have exited their positions amid the intra-day 32% price rise, leading to heavy outflows.
Holding $0.229 support is crucial for the coin's future.
Author's summary: Pi Coin's price surged 32% but faced massive outflows.
More News
- Pediatric Brain Tumor Foundation Selects Bublup to Power Family Support Communities and Resource-Sharing Platform
- TikTok U.S. Creator Summit: Three new features announced today - 9to5Mac
- Travel-Ready Base Layers That Simplify Packing
- Mercor Capitalizes on Industry Upheaval, Reaches $10 Billion Valuation with $350 Million Funding Surge
- NYC Selects Rybak as Developer for Coney Island Housing Project
- Tomago Aluminium is more than just a smelter, it's a strategic asset
- The Angel Ball Honors Tina Knowles