Pi Coin’s recent decline was not unexpected. The altcoin had been forming a pattern that clearly signaled directional weakness, and the breakdown has now materialized.   Adding to the concern, Bitcoin’s influence over Pi Coin appears to be fading, removing a key external support mechanism that had previously provided some degree of price stability. Pi Coin Holders Are Selling The Chaikin Money Flow indicator has dropped sharply over the past few days, registering a two-and-a-half-month low