Pi Network Price Prediction: Will it surge to $0.36 in November or crash to $0.21?

Pi Network experienced significant price fluctuations in October, with prices oscillating wildly, undergoing big dumps and rebounds within weeks. Despite the rebound, the price of Pi Coin still needs to work hard to regain lost momentum. The Chaikin Money Flow (CMF) indicator shows that capital is flowing out, currently dominating the market, and this week the CMF fell below the zero axis, indicating that traders are taking profits from the recent pump rather than continuing to invest.

CMF turning negative indicates a capital outflow crisis

(Source: Trading View)

The Chaikin Money Flow (CMF) indicator shows that investors are withdrawing from Pi Coin. This week, the CMF has fallen below the zero axis, indicating that funds are flowing out of the currently dominant market. This trend suggests that market confidence is weakening as traders take profits from the recent upward trend rather than continuing to invest. This ongoing outflow of funds typically indicates a shrinking demand for buying, which limits the potential for further increases.

The CMF indicator is an important tool for measuring the inflow and outflow of funds, combining price and volume data to determine the real demand in the market. When the CMF is in the positive range, it indicates that buying pressure is dominant and funds are flowing into the asset. In contrast, when the CMF falls below the zero axis into the negative range, it shows increased selling pressure and funds are being withdrawn. The negative turn of Pi Coin's CMF is a clear warning signal.

From the perspective of price prediction for Pi Network, the impact of CMF turning negative is profound. First, it means that even if there is a short-term Rebound in price, it may lack sustainability due to the absence of new capital support. Second, continuous capital outflow will create a negative cycle; as more investors see the capital outflow, they may choose to exit early, further exacerbating the selling pressure. Third, the deterioration of market sentiment will turn any Rebound into a selling opportunity rather than a chance to build positions.

If the selling pressure continues, it may weaken the prospects of Pi Coin in November. If market sentiment does not change, it may become increasingly difficult for Pi Coin to maintain its current price level. For investors holding Pi Coin, the negative value of the CMF is a signal that needs to be taken seriously, reminding investors that the current market structure is not healthy.

The squeezing momentum indicator suggests that a volatility explosion is imminent

(Source: Trading View)

However, the squeeze momentum indicator presents a more subtle picture. This indicator shows that the current squeeze market is brewing, suggesting that volatility may soon expand. As the K-line begins to turn towards positive momentum, the indicator also suggests that potential upside is increasing. In an upward trend, the release of the squeeze often triggers significant price fluctuations.

The operation principle of the squeeze momentum indicator is based on the periodic characteristics of volatility compression and expansion. When the market enters a low volatility squeeze phase, prices often oscillate within a narrow range and trading volume shrinks; this state will not last forever. Once the squeeze is released, volatility sharply expands, prices choose a direction, and significant movements occur. The key is to determine the direction after the squeeze is released.

In the price prediction for Pi Network, the positive turning of the squeeze momentum indicator holds significant meaning. When the K-line starts to turn towards positive momentum, it usually indicates that upward strength is accumulating. If this occurs during a period of high market optimism, the price of Pi Coin could rise substantially. Investors and traders should closely monitor the confirmation signals of the impending squeeze release, as this may determine the price trend in November.

However, it is important to note that there is a contradiction between the signals conveyed by the squeeze momentum indicator and the CMF indicator. The CMF shows that funds are flowing out, while the squeeze momentum indicator suggests that upward momentum is building. This contradiction often occurs at market turning points and may imply two scenarios: either the outflow of funds is a short-term phenomenon, and a new round of inflow will be triggered after the squeeze is released; or the squeeze release will break downward, confirming the pessimistic signal from the CMF.

0.260 dollar level determines the direction for November

(Source: Trading View)

As of the time of writing on October 31, the trading price of Pi Coin is $0.254, slightly below the resistance level of $0.260. The recent target for the token is to reach the psychological barrier of $0.300, which will help boost market bullish sentiment. However, if investor sentiment remains weak and capital inflows fail to recover, the price of Pi Coin may not be able to break through $0.260.

Why is $0.260 so critical? From a technical perspective, this price level is the high point of the October Rebound and has been a resistance level that has been tested multiple times without a successful breakthrough. In technical analysis, resistance levels that have been tested multiple times often carry psychological significance; a breakthrough will attract chasing buying, while failure will trigger disappointing sell-offs. From the volume distribution, there is a large amount of historical transaction records around $0.260, indicating that many investors have their costs concentrated in this range.

Three Scenarios for Pi Network Price Prediction:

Bullish Scenario: Break above $0.260, target $0.300 (18% pump) and $0.360 (42% pump)

Neutral Scenario: Consolidating between 0.229 and 0.260 dollars, waiting for a direction to be chosen.

Bearish Scenario: Breaks below the support of 0.229 USD, testing 0.209 USD (18% fall)

On the contrary, if the momentum of the altcoin is strong and rises to $0.300, it means an 18% pump and could potentially attract new capital inflows. $0.300 is an important psychological barrier, and round numbers often play a crucial role in the market. Breaking through $0.300 will change the market narrative from “Will the rebound last?” to “Is the upward trend established?”.

The continuous upward momentum could even push the pump to $0.360, helping Pi Coin recover the losses from September and breaking the bearish outlook. $0.360 is a key price level from September, and regaining this ground will have significant implications both technically and psychologically. It will prove that the decline in October was merely a healthy correction, rather than a trend reversal.

Downside risks cannot be ignored, $0.229 is the bottom line

Breaking below $0.229 may lead to further testing down to $0.209, exacerbating the current pullback. $0.229 is a key support level near the October low and is the last line of defense for investor confidence. If this support level is breached, it will confirm a short-term downtrend and may trigger a chain reaction of stop-loss orders.

$0.209 as the next support level represents a deeper technical support zone. If the price falls to this level, it implies a drop of about 18% from the current price. For Pi Network price predictions, while this bearish scenario is not the primary expectation, its possibility cannot be ignored in the context of the CMF turning negative. Investors should set clear stop-loss levels to manage downside risk.

The drastic fluctuation of Pi Coin in October has kept investors cautious. CMF data shows a contradiction between the reality of capital outflow and the potential rise suggested by the squeeze momentum indicator. The trend in November will depend on the outcome of the tug-of-war between these two forces. If the squeeze release is accompanied by capital inflow, the target of $0.360 can be achieved. If capital continues to flow out and the squeeze releases downward, the support test at $0.209 will be inevitable.