The Pi Coin plunges back into a technical configuration reminiscent of a very unfavorable precedent. Several crypto market signals are converging towards a new phase of weakness, while confidence around Pi Network remains fragile. Is history rhyming again?
In brief
- The Pi Coin is once again evolving in a technical structure close to that which preceded a 38% fall.
- The CMF and MFI indicators signal a clear slowdown in buyer flows on this crypto market.
- The $0.189 threshold is still blocking the price, while a return towards $0.130 remains plausible.
The Pi Coin replays a bearish scenario already known on the crypto market
The observation is simple: the Pi Coin is trading around $0.178, down over the day, and still coming up against an important technical zone located at $0.189.
This level corresponds to Fibonacci resistance that the market is unable to reconquer. Even more worrying, the current structure strongly resembles that observed between November and December 2025, just before a strong correction.
The most worrying signal comes from the CMF (Chaikin Money Flow), an indicator that measures capital flows. In mid-March, it peaked around 0.30, in the wake of the Pi Coin's push towards $0.299. Since then, it has turned around sharply to fall to -0.11. In other words, money is flowing out of the market instead of into it.
This detail is not trivial. During the previous bearish episode, the same indicator followed an almost identical trajectory. At the time, the CMF had fallen from a bullish peak to a low near -0.20, while the price of Pi Coin crashed 38% in less than two months. The parallel is therefore not only visual: it is also behavioral.
In this context, the current weakness of the Pi Coin does not seem to be a simple crypto market noise. It is part of a broader climate of distrust, already revived last February, when Pi fell by 24% in 24 hours, reviving doubts about the real depth of demand and the capacity of the project to sustainably support its valuation.
Why the bearish pressure on Pi could get even worse
The second thing to watch is the MFI (Money Flow Index), which measures both price and volumes. Today, it is around 35, an already weakened level. And that’s precisely what’s the problem.
In December 2025, the MFI had already entered the oversold zone, below 20, without causing a real rebound. This means that a market can remain oversold for a long time when confidence disappears. Clearly, even if the Pi Coin already seems weakened, the bearish movement may not be over.
On the chart, this reading is reinforced with a double top figure, often interpreted as a classic signal of running out of steam. This configuration projects a theoretical objective close to $0.130, a return to the lows. Before that, the areas of $0.159 and then $0.141 could serve as intermediate steps.
Another unfavorable point: the moving averages remain trending downward. As long as the price remains below these curves, the market sends a clear message: sellers keep control. This doesn't necessarily doom Pi in the short term, but it greatly reduces the likelihood of a clean, lasting rebound.
To invalidate this scenario, a daily close above $0.210 would be necessary. This would be the first real signal of recovery. In this case, the market could envisage a return towards $0.244, then $0.268. However, at this stage, this is not yet the dominant scenario.
In short, the Pi Coin indicators reproduce with disconcerting precision the scenario of December 2025, which resulted in a loss of more than a third of its value. To invalidate this bearish scenario, a daily close above $0.210 would be essential. In the meantime, the buyers seem to have left the room.
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