Pi Coin was one of the less affected tokens in the past year, slipping more than 50%. Many traders hoped that piing a greater wave raised with the rest of the Altcoin market.
But the latest graphics show a different image; Not only is Pi Price close to the definition of a new hollow of all time, but the real background could be even deeper than most expectations.
ATR shows the fall of volatility, but not the kind that the bulls want
The first warning panel comes from the average average range (ATR), a tool that measures the pregnancy of price movements. When Pi Coin reached summits nearly $ 1.66 in May, ATR was 0.17, signaling strong momentum and active trading.
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Today, ATR collapsed at only 0.0268. This sharp decline means that price movements have become small and weak. Instead of a fight between buyers and sellers, the market looks like slow bleeding, with sellers still in control.
The low ATR during a downward trend generally means that there is no energy for a rebound; Just a silent sales pressure crushing the lower price.
The monetary flow index shows that buyers lose interest
The silver flow index (MFI) tells a similar story. This indicator combines the price and the volume to show if the money circulates in or outside a token.
In the past 10 days, MFI has been stuck almost 55 years. It is not high enough to show real demand and not low enough to suggest either panic sale.
Earlier in July, when Pi Coin oscillated about $ 0.47, there were signs of new funds working to defend support. This was the reason why Pi has always managed to bounce after flirting with a low swing.
But this monetary flow has stalled now. Fewer buyers are interested, even at lower prices, which makes it more difficult for Pi Coin to bounce back in the short term.
The lowering motif points to a deeper money
On the graphic, the PI room is trapped in a descending triangle, a lower motif where the lower tops continue to press against a level of fragile support. For the moment, immediate support is at $ 0.42 and $ 0.40, which breaks, which seems all the more likely with few deployed capital.
If the floor of $ 0.40 gives way, the key support and the Fibonnaci trace levels point to $ 0.39 and even $ 0.35 like the next potential stockings, both below the lowest of all time.
For a recovery, the PI part should exceed $ 0.44 and $ 0.45 to invalidate this short -term downstream configuration. However, this type of invalidation would require the ATR and MFI levels to increase.
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