Pi Coin (PI) is once again testing traders’ patience. Although it has declined by 7.2% in the last 24 hours, the token still maintains 19% gains for the week—indicating that some buyers remain active. Nevertheless, the monthly chart reveals a different narrative: Pi Coin is down nearly 10%, suggesting that the overall trend hasn’t reversed yet. However, the potential for a bounce has emerged.
The recent rebound opportunity, despite today’s drop, may appear strong at first glance, but charts indicate it could merely be a temporary bounce before another decline. Indicators point to a short-term setup that may push PI prices slightly higher before sellers reassert control.
Sponsored
Short-Term Crossover Could Drive a Brief Rebound
The 12-hour chart indicates that Pi Coin is on the verge of forming a short-term bullish crossover—a setup that often initiates minor upward movements.
This occurs when the 20-period exponential moving average (EMA) crosses above the 50-period EMA. The EMA tracks price trends over time, giving more emphasis to recent candles. When the quicker line (20 EMA) surpasses the slower one (50 EMA), it signifies a change in short-term momentum, often referred to as a “Golden” crossover.
If you’re interested in more token insights like this, sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Should that crossover materialize, the Pi Coin price could rise to $0.26–$0.29, with $0.26 representing an 8.6% upside target. Surpassing $0.26 would also imply reclaiming the 100-period EMA, potentially boosting traders’ confidence.
Sponsored
However, short-term momentum alone is insufficient. Without significant money flow or support from large investors, this bounce may quickly lose momentum.
Weak Big-Money Inflows Make the Bounce Theory Fragile
The Chaikin Money Flow (CMF)—an indicator that assesses whether significant money is entering or exiting an asset—has been declining since October 26.
From October 26 to October 29, Pi Coin recorded higher lows, but the CMF line continued to trend downward, falling below zero. This divergence indicates that larger investors and institutions are not supporting the rally; instead, smaller traders seem to be fueling the movement.
Sponsored
When the CMF drops below zero, it usually indicates that significant sellers are outpacing major buyers—even if the price appears stable.
Thus, while the EMAs hint at a possible bounce, the absence of whale support limits the potential extent of that bounce. The Pi Coin price rally may stall near resistance, setting the stage for the next correction.
Sponsored
Hidden Bearish Divergence Hints at the Next Pi Coin Price Drop
The daily PI chart illustrates why traders should exercise caution. Between September 13 and October 29, Pi Coin’s price achieved a lower high while the Relative Strength Index (RSI)—which evaluates buying and selling momentum on a scale of 0–100—marked a higher high.
This represents a hidden bearish divergence, a technical indicator suggesting that the overall downtrend may persist once the short-term bounce diminishes.
Currently, Pi Coin is trading at approximately $0.24, just above a crucial support level. Maintaining this level could spark a minor rebound toward $0.26 and $0.28. However, breaching $0.24 could trigger a decline to $0.22 or even $0.18.
If selling pressure escalates, even $0.15 could emerge as the next potential downside target for Pi Coin. Nevertheless, if the CMF rebounds into positive territory while the crossover concludes, the Pi Coin price bounce could strengthen, invalidating the bearish outlook.
