Is Pi Network Crash Imminent With This Bearish Pi Coin Indicator?
The CMF has dipped below the zero line, while the Capture Momentum Indicator recommends approaching volatility could drive even more Pi Coin cost decline. Pi Coin’s rate has actually fixed by 5% today, slipping to $0.67 as more comprehensive bearish sentiment prevails due to aspects like the US-China tariff war. Dr.Altcoin anticipates Pi Coin’s price might drop as low as $0.40 before revealing indications of healing in late August. Pi Network price PI $0.68 24h volatility: 3.4% Market cap: $4.93 B Vol. 24h: $190.29 M has been under pressure in current weeks, correcting another 5% today and slipping all the way to $0.67 levels. As the broader market sentiment turns bearish amid US-China Trump tariff war, the native cryptocurrency Pi Coin is likely to see more bearish slump.
On-Chain Metrics Show Pi Network Selling Pressure Is Growing Based On the Chaikin Money Circulation (CMF) indication, the Pi Network is seeing increasing outflows. The CMF has actually dipped slightly below the absolutely no line, noting that sellers are having the upper hand over purchasers. Hence, the overall market belief around Pi coin is turning bearish. The increasing supremacy of outflows over inflows highlights growing doubt and subsiding confidence in Pi cryptocurrency’s near-term potential customers. Pi Network CMF– Source: TradingView Likewise, another on-chain indication, the Squeeze Momentum Sign, reveals that Pi is experiencing an active capture. In the image listed below, the black dots on the chart suggest periods of low volatility, typically followed by sharp rate motions signified by blue dots. The present capture seems developing bearish momentum. Pi Network Squeeze Momentum Indicator– Source: TradingView In the middle of the existing negative momentum, the impending volatility is likely to drive a swift Pi Coin decline. This technical pattern generally indicates considerable down movements, even more supporting the bearish outlook for Pi Network. Pi Coin Price Can …
The post Is Pi Network Crash Imminent With This Bearish Pi Coin Sign? On-Chain Metrics Show Pi Network Selling Pressure Is Growing As per the Chaikin Money Flow (CMF) indicator, the Pi Network is seeing increasing outflows. Pi Network Squeeze Momentum Indicator– Source: TradingView In the middle of the existing unfavorable momentum, the impending volatility is likely to drive a quick Pi Coin decrease.
Pi Network price PI $0.68 24h volatility: 3.4% Market cap: $4.93 B Vol. Pi Network Capture Momentum Sign– Source: TradingView In the middle of the existing negative momentum, the approaching volatility is most likely to drive a speedy Pi Coin decline. Pi Coin Price Can Tank to $0.4 Popular crypto analyst Dr. Altcoin has anticipated additional rate decreases for Pi Network, suggesting the downward trend may continue till late August before a possible healing.
Pi Network cost PI $0.68 24h volatility: 3.4% Market cap: $4.93 B Vol. On-Chain Metrics Show Pi Network Selling Pressure Is Growing As per the Chaikin Cash Flow (CMF) indicator, the Pi Network is seeing increasing outflows. Pi Network CMF– Source: TradingView Likewise, another on-chain sign, the Squeeze Momentum Indicator, shows that Pi is experiencing an active squeeze. Pi Network Squeeze Momentum Indication– Source: TradingView In the middle of the existing unfavorable momentum, the impending volatility is most likely to drive a speedy Pi Coin decrease. Pi Coin Price Can Tank to $0.4 Distinguished crypto analyst Dr. Altcoin has forecasted additional price decreases for Pi Network, recommending the down pattern might continue till late August before a potential healing.
