Technical indicators suggest Pi Coin could be establishing a foundation for recovery, with signs of growing investor interest supporting the price.
The Moving Average Convergence Divergence (MACD) and Chaikin Money Flow (CMF) both point towards strengthening momentum, reflecting increasing inflows. While the CMF remains below zero, rising participation indicates buyers are supporting the price near the critical $0.440 level.
Maintaining this $0.440 support is deemed crucial for Pi Coin’s near-term trajectory. A successful bounce from this level has the potential to attract additional buying interest. However, a decisive breach below $0.440 could trigger further declines, potentially testing the all-time low around $0.400.
Despite the emerging positive signals on momentum indicators, the risk of a retest of lower levels persists. Market focus remains heavily concentrated on the ability of Pi Coin to sustain itself above the pivotal $0.440 support zone.