Pi Coin Slides 25% in 20 Days as Investor Outflows Accelerate - Coinedict

Pi Coin (PI) has extended its decline, falling roughly 25% over the past 20 days as selling pressure intensifies and investor confidence weakens amid broader market volatility.

The token is currently trading near $0.201, hovering just above a critical support zone at $0.198, which marks its lowest level in nearly two months. The downturn follows a failed breakout attempt above $0.272, after which bearish momentum firmly took control.

On-Chain Data Signals Capital Flight

On-chain indicators highlight a sharp deterioration in sentiment. The Chaikin Money Flow (CMF) has dropped to its lowest level in eight months, pointing to sustained capital outflows as holders reduce exposure. This suggests investors are increasingly choosing to exit positions rather than wait for a recovery.

Repeated failed rebounds appear to have eroded confidence, prompting withdrawals and reinforcing downside pressure.

Bitcoin Correlation Limits Recovery Potential

Pi Coin’s price action remains closely tied to Bitcoin, with correlation currently around 0.42. As Bitcoin has pulled back, PI has followed, amplifying losses. The strengthening correlation during a market downturn reduces the likelihood of an independent recovery unless broader crypto sentiment improves or Pi Network delivers a strong asset-specific catalyst.

Key Levels to Watch

• Support: $0.198 (critical), followed by $0.188 and $0.180
• Resistance: $0.208, then $0.217

A decisive break below $0.198 could open the door to further losses, while a successful bounce and reclaim of $0.208 may offer short-term relief and stabilize price action.

Outlook

Until selling pressure eases or Bitcoin regains momentum, Pi Coin is likely to remain under stress. Traders are watching closely to see whether the current support holds or if the downtrend extends further in the coming sessions.