The price of Pi Coin (PI) is currently trading at 0.178 USD, down 3.26% today, as the price is retracing to test the 0.236 Fibonacci level at 0.189 USD. The price chart shows a similar structure to November and December 2025.
The indicators on the blockchain are moving in the same direction but are lagging by one round. What happened in December ended poorly for PI.
The CMF echoes the heavy drop of Pi coin in December.
The CMF value peaked at nearly 0.30 in mid-March 2026 while the PI surged to 0.299 USD, after which it declined linearly to -0.11. The blue downtrend in the graph shows no signs of stabilizing or forming a support base.
December 2025 events are described on the graph, where the CMF reached a peak near 0.25 in late November before similarly declining, eventually touching -0.20, while the price of PI dropped by 38.19% in 56 days, falling from the accumulation zone at 0.220 USD to 0.139 USD.
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At the level of -0.11, the CMF has not yet reached the previous low of -0.20, as the indicator still has some distance to move. If it continues to decline, this will align with selling pressure that continues to push prices down.
Pi coin has not entered the reversal zone.
The MFI graph covers from November 2025 to March 27, 2026, with the pink highlight box showing the situation in December 2025 when the MFI dropped below 20 while prices continued to decline. Even in an oversold condition, it did not trigger a reversal.
PI just hit the bottom when the CMF found a floor near -0.20. The current MFI is at 35.23, still above the support level of 20. The indicator is declining but has not yet entered the previously ineffective support zone.
Previously, the MFI reading entering overbought territory occurred alongside the CMF near zero for two months before recovering. Therefore, if this timeframe repeats, starting from the current CMF of -0.11, a significant recovery will not begin until the end of May.
The price of PI coin may decrease.
The Fibonacci graph shows the price of Pi Coin at 0.178 USD, situated between the 0.236 level at 0.189 USD and the zero level at 0.155 USD. The 50-day EMA is at 0.188 USD and the 200-day EMA is at 0.270 USD, both trending downward and acting as resistance.
The double top pattern predicts a decline of 33.11%, with a target at 0.130 USD, coinciding with the all-time low. The downtrend will pass through 0.159 USD and 0.141 USD before the 0.130 USD level is tested.
The direction of the CMF and events in December indicate that support levels will be continuously tested, while capital continues to flow out negatively, making it difficult for prices to establish a solid base at each level.
A reversal of the downtrend will occur when the price closes daily above 0.210 USD. If surpassed, 0.244 USD and 0.268 USD will become the next targets for the price of Pi Coin, and if it recovers above 0.268 USD, it will invalidate the entire double top pattern, resulting in a bias returning to neutral.