Next Pi Coin Price Move Revealed: First Bounce, Then Breakdown?
Pi Coin may experience a brief rebound due to a short-term EMA crossover, but weak money flow suggests a subsequent breakdown is likely.Summary
Pi Coin (PI) is showing mixed signals, holding 19% weekly gains despite a 7.2% daily drop, though the monthly chart remains negative. Technical analysis suggests a potential short-term rebound driven by a 20-period EMA crossing above the 50-period EMA on the 12-hour chart, which could push the price toward $0.26–$0.29.
However, this bounce theory is fragile due to weak institutional interest, as indicated by the falling Chaikin Money Flow (CMF) below zero, suggesting smaller traders are driving the current movement. Furthermore, a hidden bearish divergence between the daily price (lower high) and the RSI (higher high) hints that the broader downtrend may resume.
Currently trading near $0.24 support, losing this level could lead to a drop toward $0.22 or $0.18, with $0.15 as a further downside target if selling pressure increases. A stronger bounce would only occur if the CMF turns positive alongside the EMA crossover.
(Source：BeInCrypto)