On March 24, Pi Network (PI) price declined to $0.1897, falling more than 33% from the March 13 high. The daily chart shows PI forming a double top structure, approaching historical lows. Capital flow signals indicate increased selling pressure, with the MFI indicator continuing to decline. If it breaks below 40, it may accelerate capital outflows. PI has turned negatively correlated with Bitcoin, showing a technically weakened trend. Key support levels are at $0.1597 and $0.1415, while breaking above $0.1940 could provide room for a rebound.

Lighter (LIT), as a newly launched decentralized perpetual contract exchange token, experienced a typical "listing and immediate sell-off" pattern after its initial listing driven by airdrops. The price initially declined but has now stabilized around $2.73, performing better overall than market expectations for new tokens. Despite continuous inflows of new circulating supply, LIT remains above its post-listing lows, indicating some short-term support. From a capital flow perspective, some indicators show early bullish signals. The Chaikin Money Flow (CMF) exhibited a clear bullish divergence between December 30 and 31: while the price was declining, the 15-minute CMF continued to rise, suggesting large funds are absorbing selling pressure. Meanwhile, the Money Flow Index (MFI) moved higher in tandem, with only a slight price retracement, reflecting noticeable dip-buying activity during the airdrop phase. This dual divergence of CMF and MFI typically appears during a stage where short-term selling is gradually being absorbed.