Pi Coin Rises 16% to $0.199, But Analysts Warn of Potential Pullback

Pi Coin has experienced a notable increase, climbing 16% within 24 hours to reach $0.199, approaching the $0.200 mark. According to NS3.AI, despite this upward movement, there are indications that the rally may not sustain. Analysts have identified bearish divergence in the Chaikin Money Flow and an RSI nearing 70.0, which suggest weakening inflows and potential profit-taking. The presence of an ascending flag pattern further implies that Pi Coin's price might retest support levels around $0.175, $0.159, and possibly $0.150. However, a break above $0.200 driven by Pi Day celebrations could push the price toward $0.215, potentially reigniting the rally.