Pi Coin experienced a major crash, losing 99% of its value after its mainnet launch. The Chaikin Money Flow indicator shows fluctuations in market sentiment, with some investors selling heavily and others taking advantage of the low prices. Pi Coin's recovery is still in early stages, with mixed market sentiment and the need for consistent buying pressure. Additionally, the Moving Average Convergence Divergence indicator suggests further downward price action. While there was a brief recovery, bearish signals indicate the potential for further decline. Pi Coin would need stronger investor support, a breach of the $1.72 barrier, and continued formation of new all-time highs to break out from its current bearish outlook.



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