Pi Coin Price Nears All-Time Low as On-Chain Metrics Signal Further Downside

Pi Coin's price is teetering on the brink of its all-time low after a recent 10% drop, driven by a combination of declining network activity and worsening on-chain metrics. The Chaikin Money Flow (CMF) indicator has flipped negative for the first time in a month, confirming that capital is now exiting the asset faster than it is entering, putting the token at high risk of a deeper correction.

📉 On-Chain Data Confirms Waning Interest and Capital Flight

The current bearish outlook for Pi Coin is supported by deteriorating fundamentals and a clear shift in capital flows: Negative Capital Inflows (CMF): The Chaikin Money Flow (CMF) indicator has dropped below the zero line, flipping to -0.03. A negative CMF reading indicates that selling pressure is now outweighing buying pressure, signaling a bearish trend as more capital exits the asset than enters it.Declining Network Activity: On-chain data reveals a significant drop in network participation. The number of active addresses has fallen by 11% over the past month, while the number of new addresses being created has declined by 8.8%. This reduction in user engagement suggests waning interest in the project, which typically precedes a price decline as demand fades.

🎯 Price Outlook: All-Time Low in Sight

The combination of negative capital flow and reduced network activity has created a precarious technical situation for Pi Coin: Current Price Action: Pi Coin has already experienced a 10% drop over the past three days, breaking below the crucial support level at $0.250.Immediate Downside Target: If the bearish momentum continues, the price is likely to drop toward its all-time low (ATL) at $0.184.Key Resistance to Reclaim: To invalidate the bearish outlook, Pi Coin must stage a significant recovery and reclaim the $0.271 price level, turning it back into a stable support zone.

📌 Conclusion: A Critical Moment for Pi Coin

Pi Coin is facing a critical test as both on-chain and technical indicators point toward a potential retest of its all-time low. The negative flip in the Chaikin Money Flow, combined with a clear decline in network growth and user activity, suggests that the path of least resistance is currently downward. The token's ability to attract new capital and reverse the current outflow is essential to avoid a deeper price correction.

🔐 Disclaimer

This information is a summary of technical and on-chain analysis from a BeInCrypto article and is for informational purposes only. It does not constitute financial or investment advice. The cryptocurrency market is highly volatile, and the current on-chain metrics for Pi Coin suggest significant downside risk. You must always conduct your own thorough research (DYOR) and consult with a professional financial advisor before making any investment decisions.