The post Pi Coin Price Approaches $0.20 — Another Sideways Phase? appeared on BitcoinEthereumNews.com. Pi Coin has struggled to maintain its late-October recovery momentum, with the altcoin facing renewed selling pressure this week. The ongoing decline has erased a significant portion of recent gains as market uncertainty combines with investor hesitation. Both external market conditions and internal investor sentiment appear to be driving this downward trajectory. Pi Coin Outflows Rise The Chaikin Money Flow (CMF) indicator shows that Pi Coin investors are actively pulling capital out of the market. Currently sitting at a near two-month low and below the neutral zero line, the indicator suggests that outflows are dominating. This signals that investors may be booking profits and reducing exposure amid a slowing recovery. Sponsored Sponsored This shift in sentiment has weakened Pi Coin’s short-term outlook, reflecting waning confidence among holders. The persistent selling pressure indicates that participants are opting for caution over speculation. Unless inflows return, the probability of a sustainable rebound appears limited as liquidity continues to drain from the market. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Pi Coin CMF. Source: TradingView From a broader perspective, Pi Coin’s momentum appears to be leaning bearish. The Moving Average Convergence Divergence (MACD) indicator is on the verge of confirming a bearish crossover. The signal line is nearing the MACD line (blue), suggesting a potential shift from neutral to negative momentum in the coming sessions. Historically, such crossovers have triggered notable corrections for Pi Coin. The impending signal highlights increasing downside risks, as market conditions continue to favor sellers over buyers. Pi Coin MACD. Source: TradingView PI Price May Slide Further Pi Coin’s price has declined by nearly 15% over the past week after failing to breach the $0.260 resistance. At the time of writing, the altcoin is trading at $0.220, reflecting its weakening technical position amid fading market… The post Pi Coin Price Approaches $0.20 — Another Sideways Phase? appeared on BitcoinEthereumNews.com. Pi Coin has struggled to maintain its late-October recovery momentum, with the altcoin facing renewed selling pressure this week. The ongoing decline has erased a significant portion of recent gains as market uncertainty combines with investor hesitation. Both external market conditions and internal investor sentiment appear to be driving this downward trajectory. Pi Coin Outflows Rise The Chaikin Money Flow (CMF) indicator shows that Pi Coin investors are actively pulling capital out of the market. Currently sitting at a near two-month low and below the neutral zero line, the indicator suggests that outflows are dominating. This signals that investors may be booking profits and reducing exposure amid a slowing recovery. Sponsored Sponsored This shift in sentiment has weakened Pi Coin’s short-term outlook, reflecting waning confidence among holders. The persistent selling pressure indicates that participants are opting for caution over speculation. Unless inflows return, the probability of a sustainable rebound appears limited as liquidity continues to drain from the market. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Pi Coin CMF. Source: TradingView From a broader perspective, Pi Coin’s momentum appears to be leaning bearish. The Moving Average Convergence Divergence (MACD) indicator is on the verge of confirming a bearish crossover. The signal line is nearing the MACD line (blue), suggesting a potential shift from neutral to negative momentum in the coming sessions. Historically, such crossovers have triggered notable corrections for Pi Coin. The impending signal highlights increasing downside risks, as market conditions continue to favor sellers over buyers. Pi Coin MACD. Source: TradingView PI Price May Slide Further Pi Coin’s price has declined by nearly 15% over the past week after failing to breach the $0.260 resistance. At the time of writing, the altcoin is trading at $0.220, reflecting its weakening technical position amid fading market…