Pi Coin is struggling to regain momentum after days of stagnant price movement. The token has failed to register meaningful growth as investor support remains weak and broader market sentiment stays bearish.
Despite attempts to stabilize, Pi Coin continues to face pressure from declining participation and unfavorable technical indicators.
Pi Coin Holders Are Not Doing Enough
The lack of investor engagement is becoming increasingly evident on-chain. Data from the top 100 transactions in the past 24 hours shows that only slightly more than 9 million PI moved across the network. This activity is valued at under $2.45 million, highlighting the minimal transactional volume supporting the asset.
Among these, the largest transaction involved PI worth less than $319,000, revealing limited interest from major holders. Such low-value movements signal that investors are not actively contributing to liquidity or momentum.
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Pi Coin’s broader outlook is further challenged by bearish macro indicators. The Squeeze Momentum Indicator shows a squeeze forming, marked by extending red bars. This pattern reflects strengthening bearish pressure, suggesting that market sentiment may deteriorate further before finding relief.
When the squeeze eventually releases, Pi Coin is likely to face heightened volatility. Given the current bias toward downward momentum, this volatility could trigger a sharper price drop. The ongoing buildup in bearish energy signals that Pi Coin may struggle to maintain its current range.
PI Price Remains Consolidated
Pi Coin is trading at $0.227 at the time of writing and continues to consolidate between $0.234 and $0.217. The token lacks the strength needed to break above the $0.234 resistance level, reflecting the effects of investor apathy and weak market conditions.
Given the indicators mentioned above, Pi Coin is likely to remain rangebound. If pressures intensify, the price may slip below $0.217, extending the ongoing decline and weakening recovery prospects. Without a shift in sentiment, consolidation may persist.
However, if investors step in to support the asset, Pi Coin could regain upward momentum. A break above the $0.234 resistance would open the path to $0.246. This would invalidate the current bearish thesis and offer the first signs of stabilization.
The post Pi Coin Investors’ Support Remains Weak, Price To Suffer The Consequences appeared first on BeInCrypto.