Pi Coin Rises 11% Amid Bearish Pattern Concerns

Pi Coin has experienced an increase of nearly 11% since late February. According to NS3.AI, this rise may be overshadowed by a bearish inverted cup-and-handle pattern, which often signals potential further declines. While retail buying has increased, as shown by volume and money flow indexes, larger investors seem to be selling, which could undermine the recovery's sustainability. Key price levels to monitor include $0.161 as support and $0.193 and above as resistance. If the support level fails, new lows near $0.122 may be reached.