The Pi Network market is indicating a change in short-term sentiment with a drop in liquidity, while trend momentum indicators indicate a flat trend. The Pi / USD chart retrieved from TradingView rings in a Chaikin Money Flow of -0.04, which indicates weak selling pressure.
The Relative Strength Index (RSI) is holding at 50.26 as price action signals a strong breakout of +14.87% to $0.2757. The combination reflects both cooling inflows and recovering momentum after weeks of stagnation. Could Pi’s next move decide whether the bulls can sustain this rebound?
The CMF indicator for the Pi/USD pair is currently at -0.04, indicating a slight inclination towards distribution. The CMF values have fluctuated between -0.30 and +0.22 over the last few months, indicating that the market has experienced periods of buying and selling.
CMF reached above 0.20 in the first week of September, indicating a significant inflow and increased investor trust. However, by the end of October, it had dropped below the zero line, suggesting that sellers had regained some control. This negative turn in the CMF suggests a possible liquidity squeeze, which typically precedes a brief pause in upward momentum.
However, if CMF rises again to +0.10, the buying mood may return vigorously and quickly. According to market data, the persistent fluctuation near zero indicates uncertainty among traders weighing short-term gains against long-term investments. The next few weeks could be the time when it is decided whether money will come back or drift away.
The RSI for Pi/USD is currently at 50.26, indicating an equal number of buyers and sellers. The 14-day average RSI is 34.31 points as it recovers from previous oversold levels. In the early part of this month, the RSI fell below 30, indicating intense selling pressure, but it quickly returned to the neutral zone.
The RSI ranged from 35 to 60 throughout September, indicating alternating accumulation and exhaustion phases. The sudden price increase at the end of October suggests that traders are back to buying after a period of low activity. This change in market sentiment suggests that Pi's price is consolidating rather than moving intensely in either direction.
If RSI crosses above 55, renewed bullish momentum could emerge. Conversely, a slide under 40 might indicate another corrective phase. For now, the index reflects a market seeking direction while maintaining healthy liquidity levels.
Pi/USD surged +14.87% to $0.2757, marking a significant technical breakout. The price had been confined between $0.1983 and $0.26 for several weeks, forming a blue consolidation box. The recent move pierced the descending channel, shifting the short-term trend from bearish to bullish.
Market analyst Devid James commented that the “market structure just flipped bullish” after clearing significant resistance. He identified $0.3626 as the next key test. A clean break above that mark could open upside targets near $0.38, supported by strengthening sentiment.
Still, a rejection at $0.36 may prompt a pullback to $0.23, the zone that now serves as support. Traders remain alert to both outcomes as momentum, liquidity, and structure converge, proving once again that in crypto, balance rarely lasts long.
Pi Network shows renewed market confidence as liquidity steadies and the RSI remains near 50. With the price breaking above $0.27 and eyeing the $0.36 resistance, traders should closely watch the CMF recovery for potential continuation or correction signals.