Ah, the tragic waltz of Pi Coin (PI), pirouetting briefly on the stage of optimism before slipping-quite theatrically-back into the abyss below $0.35, dragging nearly 8% of its dignity along in the last 24 hours. One might say it’s the kind of performance only the most ardent masochists find charming.
Its meteoric rise… well, if we call a 2.3% gain in seven days “meteoric,” certainly bears teeth are sharper than the poet’s wit tonight. And even those frail gains now threaten to crumble like a stale pirozhok, as our dear token eyes new lows with the zeal of a nihilist at a funeral.
Money Flows Dry Up, Bears Smirk with Unbearable Glee
Behold the Chaikin Money Flow (CMF), that fickle oracle which reveals the feverish ingress or cowardly retreat of capital. It flirted with positivity during Pi’s brief dalliance from $0.32 to $0.39, suggesting buyers had, for a moment, put down their vodka glasses and stepped in.
But now, alas, it’s plunged to -0.06, sliding toward the August 11 nadir-the financial equivalent of stepping on a rake with comedic inevitability, signaling that sellers have taken the stage once more, brandishing their claws and perhaps a stiff drink.
Meanwhile, the Bull Bear Power (BBP) adds insult to injury. This merciless arbiter of buying versus selling pressure has turned negative again-a sinister encore! Recall August 9-11 when this dark omen preceded a brutal tumble from $0.46 to $0.32, as if a cosmic joke played by mischievous market spirits.
The valiant but doomed rally has all but exhausted its breath. With money fleeing like students from a surprise exam and bears sharpening their claws, Pi Coin stands vulnerable at the precipice. Should the $0.34 support break, a perilous slide to $0.32 or even lower looms, to delight those who savor poetic market misery.
Bulls now stumble as bears prepare to feast.
For token TA and market gossip: Crave more escapades from the cryptic cryptos? Enlist in Editor Harsh Notariya’s Daily Crypto Newsletter here and indulge your curiosity.
The Dreaded Crossover: Pi’s Last Tango With Support
No longer content with daily musings, we delve into the 4-hour chart-because if Pi Coin’s drama is a novel, the subplot is where the real action lurks.
The short-term 20-day Exponential Moving Average (EMA), painted red like the heart of a doomed love affair, is poised ominously to slice beneath the longer 100-day EMA, the sky blue sentinel of sluggish patience.
This dreaded “Death” crossover means selling momentum sharpens its claws, threatening fresh lows with dark promises as if whispered by some Kafkaesque market demon.
Currently, Pi Coin shivers near $0.35, precariously perched above the $0.34 ledge. Should this fragile edge erode, the plunge to $0.32-or perhaps even febrile depths beneath-awaits, an abyss calling with eerie patience.
Bulls, meanwhile, clutch at straws: a daily close above $0.36 might ignite hope. But with both CMF and BBP stacked like a Russian nesting doll of doom against them, the bears likely will pirouette victorious yet again.
So, will Pi Coin manage some miraculous climb back to $0.36, then $0.38? Perhaps. Stranger things have happened in this circus of chaos-though relying on such miracles is the sort of optimism one reserves for buying lottery tickets or adopting a demonic cat.
Read More
- NEXO PREDICTION. NEXO cryptocurrency
- FTN PREDICTION. FTN cryptocurrency
- STETH PREDICTION. STETH cryptocurrency
- Silver Rate Forecast
- Gold Rate Forecast
- EUR CHF PREDICTION
- Brent Oil Forecast
- USD HKD PREDICTION
- USD AUD PREDICTION
- EUR PLN PREDICTION
2025-09-02 01:42