Pi Coin Aims for Recovery as Investment Capital Rises to Highest Level in 2 Weeks

Pi Coin has experienced significant price volatility recently, undergoing a notable fall that brought its price close to an important support level. Despite this decline, this altcoin has managed to hold its position above the all-time low (ATL). The cash flow from investors is currently providing the necessary momentum for Pi Coin's bounce back. The Pi Network is getting more and more attention. The current market sentiment towards Pi Coin shows some positive signs. The Moving Average Convergence Divergence (MACD) indicator indicates that the bearish momentum has not shown clear signs yet. A recent bullish crossover, accompanied by green bars on the chart, indicates that Pi Coin still has the potential to bounce back. This is an important development, suggesting that this altcoin may regain its upward momentum and potentially avoid a fall to ATL.

The macroeconomic momentum of Pi Coin is also showing signs of improvement, as indicated by the Chaikin Money Flow (CMF). CMF has witnessed strong growth, signaling that the inflow of money into this altcoin is increasing. Although the indicator remains below the zero line, the upward trend suggests that Pi Coin is regaining momentum. This could be a crucial factor helping this altcoin maintain its price above the support level and preventing a fall to new lows. Moreover, the increasing participation of investors in Pi Coin is a positive sign indicating its bounce back potential. As more and more investors become interested in this token, it could create a stable foundation for future price growth. This influx of capital can also support altcoins to break through the resistance level, leading to the potential for prices to bounce back.

Pi Coin Price Finds Support Pi Coin has fallen 9.7% over the past four days, with the trading price at $0.442 at the time of writing. Recently, the price has hit a local support level of $0.440 and is still holding strong. The key factor for the bounce back of Pi Coin will be the ability to rise from the support level of $0.440 and secure a new support level of $0.450. This could set the stage for a price recovery, pushing Pi Coin up to $0.493 and helping the coin regain the losses it has suffered in recent days.

However, if investor sentiment shifts from accumulation to selling, Pi Coin may face the risk of a deeper bearish decline. If the price falls below $0.440, this altcoin may test the all-time low of $0.400. Pi Coin is currently only 9.6% away from this critical level, and if selling pressure increases, the price may reach ATL once again.