Pi Coin Continues to Weaken as Selling Pressure Dominates Market

On January 29, market data showed that Pi Coin’s price continued its downward trend, extending losses amid persistent bearish market sentiment. The current price action has moved closer to a potential historical low, reflecting sustained weakness across both on-chain and technical indicators.
Analysis suggests that selling pressure remains firmly in control, with no clear signs of short-term stabilization. In terms of capital flows, Pi Coin holders have accelerated withdrawals, signaling declining confidence among market participants.
The Chaikin Money Flow (CMF) indicator has dropped below zero and reached a six-week low, indicating that capital outflows significantly exceed inflows across the network. At the same time, the Money Flow Index (MFI) has remained in negative territory for an extended period, reinforcing the bearish outlook.
Additionally, volume-weighted sell-side dominance continues to limit any meaningful rebound attempts. Historical price behavior suggests that when these indicators remain weak simultaneously, Pi Coin typically struggles to establish a sustainable reversal.
Unless there is a clear shift in capital flows or broader market sentiment improves, Pi Coin may continue to face downside pressure in the near term.#GateLiveMiningProgramPublicBeta