January 29 News, Pi Coin price has recently continued to weaken, constantly declining amid a bearish market sentiment, with the current trend approaching potential historical lows. Multiple on-chain and technical indicators show that selling pressure still dominates, making it difficult to see clear signs of stabilization in the short term.
In terms of capital flow, Pi Coin holders have recently accelerated their withdrawal pace. The Chaikin Money Flow indicator has fallen below zero and touched a six-week low, reflecting that outflows in the network are significantly higher than inflows. Meanwhile, the Money Flow Index remains in negative territory over the long term, and the volume-weighted sell-side dominance limits the rebound potential. Historical performance also indicates that when such indicators remain weak, Pi Coin often struggles to form an effective reversal.
From a price structure perspective, Pi Coin is currently hovering around $0.166, a level that coincides with the 23.6% Fibonacci retracement, regarded as a key support zone in a bear market. If this support is broken, the price could further slide toward the historical low of $0.150, exerting greater psychological pressure on the market. If sentiment recovers and new buying interest emerges, the price may rebound to $0.176, or even test the $0.180 level, provided that trading volume also increases.
It is worth noting that February 2026 will mark the one-year anniversary of Pi Coin’s launch. Looking back to February 2025, the token surged over 200% in its first month, mainly driven by early users and speculative demand. The current environment is markedly different, with a more rational market. Whether the anniversary will again attract capital inflows remains uncertain.
Until macro conditions and market sentiment improve, Pi Coin’s short-term trend remains cautious. For investors focusing on Pi Coin price forecasts and medium-term opportunities, support levels and changes in capital flow will be important references for judging the future direction.
Related Articles
Pi Core Team Confirms Successful Protocol v19.6 Upgrade Across the Network
Pi Network Celebrates One Year of Open Network: A Look at the 2026 Key Metrics
Pi Network Marks Open Network Anniversary With New Strategy
The PI price loses momentum of recovery amid investor profit-taking.