Pi Coin has continued its decline for the third consecutive week and has sharply dropped from its recent local peak. This altcoin has suffered from weak investor support and widespread market hesitation.
Selling pressure has dominated previous trading sessions, but blockchain metrics now indicate that at least one key factor may be improving.
Pi Coin wallet holders are taking advantage of the situation.
Chaikin Money Flow has shown steady increases in recent days. This change indicates that capital is slowly returning to Pi Coin. Investors appear to be changing their attitude and find the current price attractive as an accumulation area.
Rising CMF readings often reflect growing confidence. New investments are vital for the recovery attempt, as ongoing buying helps to balance selling pressure. If this trend continues, Pi Coin may achieve the necessary sentiment to stabilize and attempt a short-term recovery.
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Despite improved investments, macroeconomic indicators remain mixed. The average directional index shows that the recent downtrend is close to strengthening. A rise above the 25.0 threshold would reinforce the prevailing bearish sentiment and increase the sellers' dominance.
However, if this level remains unbroken, it would indicate a weakening trend. In that case, selling pressure could ease. This would give Pi Coin a chance to recover, especially if buying interest increases and the markets remain favorable.
Pi Coin is trading near $0.203 at the time of writing, holding above the support level of $0.198 and below the resistance level of $0.208. This token is still about 28% lower than its local peak of $0.284. Price action indicates consolidation rather than a decisive move.
If the downtrend strengthens, Pi Coin could remain in the range of $0.198–$0.208. This structure would limit upside potential and delay recovery. Prolonged consolidation could also test investors' patience amid ongoing market uncertainty.
The uptrend requires continuous capital investments. Ongoing accumulation could help Pi Coin reach back to a support level of $0.208. A successful breakout could raise the price to $0.217 and then further to $0.224. Such a move would invalidate the bearish perspective.