Pi Coin consolidates near $0.207 with weak inflows. A breakout above $0.209 could target $0.229, while failure risks a drop.
Pi Coin’s price has entered another phase of sideways movement after several attempts to break past resistance failed. Over the past few days, the cryptocurrency has remained largely stagnant, lacking strong investor participation.
Pi Coin’s price continues to hover within a narrow range, signaling hesitation among traders waiting for a clearer market direction. The Chaikin Money Flow (CMF) indicator shows inflows into Pi Coin are slowly increasing, but the pace remains modest.
This signals that while investor interest is gradually returning, it is still insufficient to fuel a meaningful breakout. Without stronger capital inflows, the coin’s recovery could remain subdued in the short term.
Historically, rising inflows often serve as a catalyst for sustained rallies, but current CMF readings suggest liquidity pressure persists.
Investors are waiting for a clearer market direction.
Author summary: Pi Coin faces a stagnant market.