Pi Network has faced a downtrend followed by a consolidation phase that has prevented the altcoin from posting any meaningful gains. While consolidation often precedes a breakout, the pressure from broader market cues may complicate this for Pi Network in the short term. Pi Network Investors Are Trying The Chaikin Money Flow (CMF) indicator is showing signs of an uptick, which suggests inflows into Pi Network after nearly a week of low investor activity. The CMF sits above the zero line, signaling that investors are starting to regain confidence in the potential for recovery
source: https://beincrypto.com/pi-network-price-remains-deadlocked-in-consolidation/