Pi Coin Rally Heats Up as Every Group Buys In — But a Risk Lurks Below $0.29
BeInCrypto
Pi Coin is rallying, supported by smart money, whales, and retail buying, but faces a critical test at the $0.29 resistance level.Summary
Pi Coin's price has surged nearly 32% this week, signaling renewed interest, with indicators showing coordinated buying pressure from smart money (SMI), whales (CMF), and retail traders (MFI).
Technically, the price is consolidating within a falling wedge pattern, suggesting a potential bullish reversal. A confirmed breakout above the key resistance level of $0.29 could target $0.32 and $0.37.
However, a risk remains due to a hidden bearish divergence between price's lower highs and the RSI's higher highs. If Pi Coin fails to break $0.29 and instead drops below $0.20, the bullish setup would be invalidated, potentially leading to further declines toward $0.18 or $0.15.
(Source：BeInCrypto)