Pi Network Price Prediction: Two weeks of consolidation period ends, long positions attempt to reclaim $0.229

The trading price of Pi Network is $0.207. Due to limited investor participation, it has been consolidating below the resistance level of $0.209 for two weeks. The Chaikin Money Flow (CMF) shows a slow inflow of funds, indicating moderate accumulation, but the liquidity is insufficient for a decisive breakthrough. The squeezed Momentum Index suggests that the bearish pressure is waning, and a bullish squeeze could trigger a rebound towards $0.229.

Pi Network Price Prediction: Breakthrough Opportunity After Two Weeks of Consolidation

The price of Pi Coin has entered a new round of sideways consolidation after multiple failed attempts to break through the resistance level. Over the past few days, the cryptocurrency has essentially stagnated due to a lack of strong investor participation. The price of Pi Coin continues to hover within a narrow range, indicating that traders are hesitant while waiting for a clearer market direction. This consolidation has dual implications in the Pi Network price forecast: it could be a bottoming phase before a trend reversal, or it could be a pause before further declines.

The current price of Pi coin is $0.207, slightly below the resistance level of $0.209. This altcoin has been maintaining range-bound fluctuations for the past two weeks, staying above the critical support level of $0.198. Due to the tug-of-war between bulls and bears for control, this consolidation phase highlights the indecision among traders. From a technical perspective, the narrow trading range between $0.198 and $0.209, with a range of only about 5.5%, often signals impending volatility.

Historically, the Pi coin has been a controversial project since its autonomous network went live. Supporters believe that the Pi Network has a massive user base (reportedly over 35 million users) and an innovative mobile mining model, giving it the potential to become a mainstream cryptocurrency. Critics question its level of centralization, the sustainability of its tokenomics, and the lack of real-world application scenarios. This controversy has caused the price trend of Pi coin to be highly dependent on market sentiment and speculative activities.

However, the latest price data on October 27 shows that Pi coin is temporarily priced at 0.2441 USD. This price has significantly broken through the 0.209 USD resistance level that has persisted for two weeks, with an increase of about 17.8%. If this breakout is confirmed (i.e., the daily closing price holds above 0.209 USD), the bullish scenario for Pi Network price prediction will be activated, targeting 0.229 USD or even higher.

CMF funds flow is slowly increasing but still needs stronger buying pressure

(Source: Trading View)

The Chaikin Money Flow (CMF) indicator shows that the inflow of Pi coin is slowly increasing, but the growth rate remains moderate. This indicates that, although investor interest is gradually recovering, it is still not enough to drive Pi coin to achieve a meaningful breakout. Without stronger capital inflows, the recovery of this currency may remain sluggish in the short term. Historically, an increase in inflows has often been a catalyst for sustained upward trends, but the current CMF data indicates that liquidity pressures persist.

CMF is an important indicator for measuring the inflow and outflow of funds, calculated by combining price and volume data. When CMF is positive, it indicates a net inflow of funds; when negative, it shows a net outflow of funds. Currently, the CMF of Pi coin is positive but the value is small, indicating that the speed and scale of fund inflow are not strong enough. This “tepid” fund inflow explains why Pi coin can hold its support level but cannot break through the resistance level.

To support a bullish reversal, Pi coin needs investors to continue increasing their holdings and requires the re-engagement of large holders. The participation of large holders (whales) is especially important for an asset like Pi coin, which has relatively weak liquidity. When whales buy in large quantities, they can quickly push the price to break through resistance levels and attract retail investors to follow suit. Conversely, if whales remain on the sidelines or continue to sell off, it will be difficult for Pi coin to achieve a breakthrough solely based on sporadic buying from retail investors.

From a macro perspective, the market momentum of Pi Coin is showing preliminary signs of stability. The squeezed Momentum Index indicates that bearish pressure is gradually dissipating, suggesting that sellers may be losing control. However, as traders await confirmation of a trend reversal, momentum remains weak. The continuously accumulating squeezed trend on the chart suggests that a potential volatility expansion is on the horizon. If this squeezed trend favors the bulls, Pi Network price predictions indicate that the price of Pi Coin could see a significant pump.

CMF Capital Flow and Squeeze Momentum Dual Signals:

CMF Indicator: Positive but moderate, with funds slowly flowing in but not on a large scale.

Squeeze Momentum: Bearish pressure is fading, and volatility compression indicates a breakthrough is imminent.

Interpretation: The bottom has been built but lacks catalysts; it requires external events or participation from large holders to drive it.

0.209 USD breakthrough success or failure determines short-term direction

(Source: Trading View)

If market capital inflows strengthen, Pi coin may break through the resistance level of $0.209 and rebound to $0.229. Sustained buying volume and re-engagement of investors are crucial for this trend. Confirming a breakout at $0.209 will indicate an improvement in momentum and attract new short-term traders. The move from the current $0.207 to $0.229 represents about a 10.6% upside potential, which is relatively moderate but achievable as a short-term target.

Why is 0.209 USD a key resistance level? From a technical structure perspective, this price level is the relative high point of Pi coin in the past two weeks and also a resistance band that has failed to effectively break through after multiple tests. Whenever the price of Pi coin approaches 0.209 USD, it faces significant selling pressure from profit-taking. This selling pressure may come from partial liquidation by early buyers or from short-term traders who believe this price point is a reasonable exit.

However, the latest data on October 27 shows that Pi coin is temporarily priced at 0.2441 USD, which is significantly higher than the 0.209 USD resistance level. If this breakout is confirmed, the bullish trajectory for Pi Network's price forecast will be activated. The increase from 0.209 USD to 0.2441 USD represents a 16.8% rise, far exceeding the expected target of 0.229 USD. This unexpected breakout may be driven by a broader rebound in the cryptocurrency market or stimulated by certain positive news within the Pi Network ecosystem.

If the target of 0.229 dollars is reached, the next resistance level may be in the range of 0.25 to 0.26 dollars. This is a deeper technical resistance zone and also a concentrated area of previous highs. If Pi coin can continue to push upward and break through this range, it will open the way to the psychological barrier of 0.30 dollars. From a long-term perspective on Pi Network price predictions, if Pi Network can successfully advance the mainnet to be fully decentralized, increase practical application scenarios, and gain more exchange support, the price may have greater upward potential.

However, if Pi coin faces bearish resistance, the price may continue to consolidate or fall below $0.198. A drop below this support level could drive it down to $0.180, invalidating the bullish outlook. Weak inflows and selling pressure could reinforce this bearish scenario. $0.198 is a key support level over the past two weeks, and a loss of this level would indicate a shift in the short-term trend to bearish.

Investors should note: insufficient liquidity and breakout confirmation

The key point that investors need to pay attention to in the price prediction of Pi Network is the liquidity issue. The capital flow indicates that the inflow of funds is slow, showing moderate accumulation, but the liquidity is insufficient to achieve a decisive breakthrough. Compared to mainstream currencies like Bitcoin and Ethereum, Pi Coin has significantly weaker trading volume and liquidity. This lack of liquidity brings two problems: first, a small amount of buying can drive the price up significantly, but similarly, a small amount of selling can lead to a sharp price drop. Second, large orders may face severe slippage, with the actual transaction price deviating greatly from expectations.

The current price of $0.2441 has broken through the resistance of $0.209, but investors need to confirm the validity of this breakout. Confirmation criteria include: the daily closing price should stay above $0.209 for at least 2 to 3 days, significant volume increase accompanying the breakout, and the CMF indicator should shift from a moderate positive value to a strong positive value. If these confirmation conditions are not met, the current breakout may only be a “false breakout” or “bull trap,” and the price may quickly revert back to the range.

Investors should also pay attention to the project progress of Pi Network. As a project still transitioning from a closed mainnet to an open mainnet, Pi Network faces multiple challenges such as token unlocking, user KYC verification, and the implementation of ecological applications. If progress is made on these key milestones, it will provide fundamental support for Pi coins. Conversely, if the project stagnates or negative news arises, the price may face significant correction risks.

For investors considering participating in Pi coin trading, the following strategies are recommended. Conservative investors should wait for a breakout above 0.209 USD and confirm before entering, setting a stop loss below 0.198 USD, with a target of 0.229 USD, resulting in a risk-reward ratio of about 1:2. Aggressive investors can test the waters with a light position at the current price and increase their holdings after confirming the breakout, but they need to accept higher risks. Due to weaker liquidity, it is advised to keep the Pi coin position within 5% of total assets to avoid excessive concentration of risk.