Pi Coin price shows first signs of support after a sharp decline in mid-December. Since the low on December 16, Pi Coin has risen by more than 8%, mainly due to constant purchases on exchanges.
But despite the increasing buying pressure, not all groups are fully convinced. This creates a market between support and doubt, making a sideways movement more likely than a real breakout. At this moment, Pi Coin is at a crossroads: the inflow is improving, but confidence is not yet strong everywhere.
Buying pressure is increasing while capital flows support it
Exchange wallet data shows clear net purchases in the last 24 hours.
On large centralized exchanges, there was a net outflow of about 414.420 PI for Pi Coin, meaning that more tokens have been removed from exchanges than added. This usually indicates purchases rather than sales.
At the current price, this net purchase represents an accumulation of about $83,000 in a short time. Although it is a relatively small purchase on exchanges, it is still significant considering the selling history of PI.
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The flow data confirms this shift.
The Chaikin Money Flow (CMF) indicator has increased by more than 40% from the recent low. CMF looks at whether a lot of money is flowing into or out of an asset. A rising CMF combined with price stabilization suggests that large buyers are absorbing the supply rather than chasing the price.
The combined increase in buying pressure may have helped Pi Coin recover nearly 8% from the low on December 16, bringing the price back above $0.19.
CMF is also about to break a downward trend line. A clear breakout above this line, followed by a rise above zero, will show that this bounce truly has strength. So far, the signals indicate that the buying is real, but still cautious.
Why the Pi Coin price is likely to remain in the range
Despite the improved cash flows, smart investors remain cautious. The Smart Money Index is still declining and does not confirm the recent price recovery. This means that larger, well-informed investors are not yet excited to jump in.
If buying pressure increases without confirmation from smart money, the price often stabilizes instead of immediately forming a trend.
That fits with the current structure of Pi Coin.
The main support zone lies around $0.19. This level has been tested multiple times and still holds. A clear drop below could bring back the risk of a decline towards $0.15.
At the top, $0.21 is the next resistance. Without a strong breakout above that level, increases are likely to stall.
This creates a range of about 10%, with about 5% room up and 5% room down from the current price.
In short, Pi Coin is supported by steady buying and better cash flows, but the lack of smart money primarily shows consolidation rather than a sustained trend. Until that situation changes, Pi Coin is more likely to move sideways than to firmly choose a new direction.
