Pi Coin's Modest Recovery Amid Technical Risks

Pi Coin has experienced a modest price recovery, rising nearly 3%, supported by a notable 60% increase in mainnet migrations, which suggests growing user engagement. According to NS3.AI, despite these positive fundamental trends and early accumulation signals marked by negative exchange netflows, Pi Coin is encountering significant technical challenges. Bearish patterns and divergence indicators pose a critical risk to its price stability. Key price levels around $0.187 and $0.207 will be crucial in determining whether Pi Coin's rally can be sustained or if a deeper decline toward a new low is likely.