Pi coin is trapped in a consolidation at $0.383, with investor sentiment falling to a four-month low. Breaking the resistance level of $0.401 is key for a rebound | PI price prediction

Pi Coin (PI) is under continued pressure, currently around $0.383, failing to effectively break through the key resistance level of $0.401. Investor sentiment has dropped to a four-month low, reflecting waning market enthusiasm and increased uncertainty. Although the on-chain indicator Chaikin Money Flow (CMF) remains above the zero axis, indicating some buying on dips, the overall sentiment remains sluggish and the price momentum is insufficient, placing this altcoin in a vulnerable state. If it cannot overcome the $0.401 resistance in the short term, it may continue to consolidate and dip to the $0.362 support; conversely, an effective breakout could open up upward potential towards $0.440, reversing the current bearish trend.

Price Dilemma: Resistance Remains Unbroken, Trapped in a Dip Trend Consolidation

The price of Pi Coin continues to struggle in a long-term downtrend, with recent rebounds encountering resistance again at the key resistance level of $0.401. The current price is stuck around $0.383, lacking sufficient buying pressure to push higher. This inability to break through resistance keeps PI under the influence of the downtrend, and if it cannot gain strong support from a broader range of market participants, its consolidation pattern may extend, increasing the downside risk.

Sentiment Dips: Investor Confidence Falls to Four-Month Low

Market sentiment towards Pi Coin has significantly deteriorated, currently falling to a four-month low. This reflects traders' increasing caution and growing uncertainty about the project's prospects, with bullish beliefs clearly lacking. Sentiment has sharply declined in the past 24 hours, mainly due to investors' patience wearing thin with the price stagnation—many have seen their expectations for a stronger rebound dashed, leading to spreading unease.

On-Chain Dawn: CMF Indicator Reveals Hidden Buying Pressure on Dips

Despite the bearish market sentiment, the macro momentum indicators show a hint of resilience:

• Chaikin Money Flow (CMF): This indicator is currently operating above the zero line, indicating that funds are still net inflowing into the Pi Coin network. This suggests that opportunistic buyers are taking advantage of price pullbacks to accumulate. If the influx of funds can be maintained, especially against the backdrop of a warming overall sentiment in the crypto market, Pi Coin may attract new market attention, providing support for its price.

Short-term outlook: Breakthrough or breakdown, key levels determine direction

Based on the current market structure, Pi Coin may face two potential paths in the short term:

1. Bearish scenario (continuation of consolidation/dip):

• The price continues to fluctuate below $0.401.
• If the buying pressure remains weak, it may further dip to $0.362 (the next important support level).
• Losing 0.362 USD will strengthen the bears' control and weaken the possibility of a quick rebound.

2. Bullish Scenario (Breakout Reversal):

• The price has strongly broken through and stabilized above the 0.401 dollar resistance level.
• If realized, it is expected to initiate an upward movement, targeting a price of 0.440 dollars.
• This trend will reverse the current bearish outlook, sending a trend reversal signal and revitalizing market optimism towards alts.

Conclusion

Pi Coin is currently at a critical juncture in the tug-of-war between bulls and bears. Investor sentiment has fallen to a four-month low, and the resistance level at $0.401 has been persistently unbroken, highlighting the severe challenges faced in the short term. The buying on dips indicated by the CMF indicator is one of the few positive signals currently, but its sustainability and whether it can translate into upward momentum remains to be seen. Traders should closely monitor the outcome of the contest between the resistance level at $0.401 and the support level at $0.362 — a breakthrough above the former would open up rebound space and reverse the downward trend, while a loss of the latter could trigger a deeper correction. Before the full launch of the Pi Network mainnet and the maturation of its ecosystem, market sentiment and the breakout of key technical levels remain the core factors driving short-term fluctuations in PI prices.