Crypto: Pi Network is still struggling to bounce back!

In a crypto market marked by wait-and-see, Pi Network is struggling to initiate a real recovery. Far from its promising beginnings, the asset is now moving between consolidation levels and mixed technical signals. Some indicators show an improvement in flows, but without clear crossing of key thresholds. Momentum remains fragile, and selling pressure latent. Between timid support from investors and the absence of a strong catalyst, Pi is going through a phase of prolonged uncertainty. The risk of technical stagnation persists.

Critical technical signals

Pi Network continues to fascinate millions of investors despite criticism. While the crypto is currently trading at $0.228, technical indicators reveal a fragile and tense situation.

Indeed, the asset is trading at 0.228 USD, in a consolidation phase between 0.229 USD and 0.217 USD, while investors wait for more solid inflows to hope for a lasting recovery.

In other words, despite maintaining strong support at $0.217, the market remains hesitant, unable to break through the immediate resistance at $0.229. The trend is all the more worrying as one of the main momentum analysis tools, the Squeeze Momentum Indicator, shows a shift towards a bearish signal.

More precisely, the indicators reveal:

• A technical blockage below the resistance of $0.229, a critical threshold that buyers have not yet managed to exceed;

• A sideways consolidation between $0.229 and $0.217, a sign of a market waiting for a strong signal;

• A risk of increased selling pressure, signaled by the Squeeze Momentum Indicator;

• A lack of sufficient volumes, curbing any clear bullish impulse.

In the absence of a trigger, the current configuration could pave the way for a return of selling pressure, especially if the technical histogram begins to print red bars, signaling an imbalance in favor of sellers. The $0.217 level acts as a last defense. Its breakdown could restart a bearish phase.

A possible surge, provided that incoming flows cross a critical threshold

Beyond the tensions on momentum, the analysis of monetary flow and on-chain data offers a complementary reading of the situation, with signals that are certainly timid, but carry a certain conditional optimism.

The Chaikin Money Flow (CMF), an indicator measuring the balance between capital inflows and outflows, has shown a slight increase in recent days, reflecting an improvement in new money inflows.

However, the indicator remains below the zero line, which means that capital outflows remain, for the moment, higher than inflows. This precision is essential, because as long as the CMF is not positive, selling pressure continues to structurally dominate trade.

This CMF neutrality threshold, located on the zero line, serves as a potential trigger for a trend reversal. If it were to be crossed in a sustained manner, it would indicate a gradual accumulation by investors, an essential prerequisite for a recovery in prices.

In this scenario, a breakout of the current resistance at $0.229 could release bullish momentum towards the $0.246 area. Such progress would pave the way for a rally. However, this is conditional on increased market participation. For the moment, volumes remain too low to validate such a reversal.

In the medium term, the future of Pi Network's price therefore directly depends on the market's ability to restore sufficient inflows. Without this dynamic, the asset risks getting bogged down for a long time in a phase of lateralization, or even plunging again in the event of a global downturn in the crypto market. On the other hand, an improvement in the CMF and a technical breakout above current resistance could signal a regime shift, propelling Pi towards a more favorable valuation zone.