The recent market crash caused by renewed US–China tariff tensions resulted in a significant drop for most altcoins. However, Pi Coin (PI) managed to withstand the downturn better than anticipated. Although it lost nearly 23% in the past week—partially during the crash—it maintained support above $0.15, showcasing resilience when most tokens fell further.
Since October 7, Pi has been on a steady upward trend, now trading close to $0.20, suggesting that buyer confidence might be gradually returning. A detailed examination of both the chart and on-chain behavior indicates that Pi could be preparing for a rebound if selling pressure continues to decrease.
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Shrinking Sell Volume and Money Flow Show Buyers Are Returning
On the daily chart, the volume spread pattern—often analyzed using Wyckoff method—helps identify shifts in buying and selling strength.
During the tariff-induced crash, a red bar dominated the chart, indicating total control by Pi Coin sellers. However, that bar has now changed to yellow, suggesting that while sellers are still active, their intensity has diminished.
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More importantly, the yellow bars have been decreasing, indicating that selling momentum is slowing, and buyers are starting to step in.
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The last occurrence of this shrinking pattern was in early August, resulting in a near 40% rally for Pi Coin within just four days. If this trend persists without another spike in red sell bars, PI could experience a similar short-term recovery.
The Chaikin Money Flow (CMF)—which gauges the inflow and outflow of institutional money in an asset—supports this optimistic outlook.
Although CMF briefly fell below zero, it remains significantly above its October 7 low and much stronger than its levels in late August.
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This indicates that larger traders are still quietly accumulating Pi Coin, while smaller investors remain cautious (as seen by the still-yellow Wyckoff bars). Together, these factors reflect a diminishing sell-off and a gradual return of buyer strength.
Bullish Divergence Hints at a Pi Coin Price Reversal in Motion
On the 12-hour chart, Pi Coin’s price is showing a bullish RSI divergence between September 23 and October 10. While the price reached a lower low, the Relative Strength Index (RSI) set a higher low, suggesting that downward momentum is weakening.
This divergence is generally linked with trend reversals; given PI’s recent price history, a rebound seems more probable.
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(RSI measures momentum on a scale from 0 to 100, indicating when an asset is overbought or oversold.)
At present, PI trades at $0.201, close to the 0.236 Fibonacci retracement level. A 12-hour candle close above $0.205 could signal a breakout attempt toward the next resistance at $0.238—a potential increase of roughly 18% from the current price.
If this movement holds, PI could extend gains toward $0.264 (around 31% higher) and possibly $0.290 (about 44% above current levels).
However, a drop below $0.184 would negate this rebound scenario and could push the Pi Coin price back down toward $0.153, depending on the broader market response.
