Pi Coin Price Outlook: Can the Altcoin Overcome Investor Caution in November?

Pi Coin experienced a highly volatile October, marked by sharp fluctuations that saw the altcoin crash and rebound within weeks. While this temporary recovery revived short-term optimism, the broader market sentiment remains cautious heading into November. Despite the recent bounce, Pi Coin still faces a challenging path to regain bullish momentum as investor confidence shows signs of weakening.

According to the Chaikin Money Flow (CMF) indicator, Pi Coin is seeing significant outflows, with the CMF dipping below the zero line—an indicator that selling pressure currently outweighs buying demand. This suggests many investors are cashing in on short-term profits rather than reinvesting, reflecting fading confidence in a sustained recovery. Continued outflows could stall upward movement and make it increasingly difficult for Pi Coin to hold its current levels unless sentiment shifts decisively toward accumulation.

However, the Squeeze Momentum Indicator offers a more optimistic signal. It currently shows a squeeze build-up, hinting at an impending volatility expansion. As the histogram bars start to tilt toward positive momentum, it could indicate that bullish strength is quietly forming. If this setup aligns with renewed market enthusiasm, Pi Coin might witness a sharp breakout once the squeeze releases.

At present, Pi Coin trades around $0.254, just below the key resistance level of $0.260. A breakout above this threshold could propel the token toward the $0.300 psychological mark—an 18% gain that may attract renewed buying interest. On the downside, a drop below $0.229 could trigger a deeper correction toward $0.209, reinforcing bearish sentiment.

Overall, Pi Coin’s performance in November hinges on investor conviction. If inflows rise and momentum strengthens, the altcoin could recover September’s losses and challenge higher resistance levels, setting the stage for a more sustained rebound.