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Pi Coin Price Prediction: Fluctuation intensifies, indicating a pump in November, follow the 0.26 USD resistance level.
Pi Coin experienced significant price fluctuations in October, keeping investors cautious. Data shows that traders chose to take profits rather than reinvest, leading to a dominant outflow of funds as indicated by the CMF (Chaikin Money Flow) indicator. However, the Squeeze Momentum Indicator has issued a signal indicating a phase of accumulation, suggesting a potential expansion of volatility that could trigger a strong bullish trend in November. Currently, Pi Coin is trading at approximately $0.254, and it must hold above $0.260 to target $0.300 and ultimately challenge the $0.360 level.
Investor Confidence Weakens: CMF Indicator Shows Funds are Being Withdrawn
Despite Pi Coin experiencing a significant fluctuation and subsequent rebound in October, the current market sentiment remains cautious. Many investors seem not to be fully committed to the new round of recovery attempts.
Ecosystem and Technological Progress
Despite Pi Coin's inability to maintain excellent performance amidst the overall sluggishness of the cryptocurrency market, the Pi Network has welcomed several positive news that will lay the foundation for future rise.
Momentum Indicator Brewing: Squeeze Momentum Indicates Explosive Market
Unlike the weak signals from CMF, the Squeeze Momentum Indicator paints a more subtle picture, indicating that the market is about to break the calm.
Key Levels for PI Price: Breaking above $0.260 is crucial
(Source: TradingView)
Pi Coin is currently trading at 0.254 USD, below the 0.260 USD resistance level, and its short-term trend is facing a severe test.
Conclusion
Despite the current Pi Coin investor sentiment showing caution and capital outflow, the technical indicator Squeeze Momentum suggests that a significant fluctuation is accumulating beneath the calm surface. This contradictory signal of Pi Coin price movement requires traders to precisely grasp the key technical levels: breaking above 0.260 USD will be a necessary condition for initiating the rally in November. For traders seeking altcoin investment opportunities, closely monitoring the signals of squeeze release will be key to capturing potential explosive gains.
Disclaimer: This article is for news information only and does not constitute any investment advice. The cryptocurrency market is subject to significant fluctuations, and investors should make decisions cautiously.