The 11% Pi Coin Price Recovery Could Be Setting Up a New Low — Here Is How?

Pi Coin's price has recovered nearly 11% from its February 23 low, reaching the $0.174 zone, which typically attracts buyers. However, this rebound appears to be forming the handle of a bearish inverted cup-and-handle pattern, suggesting a potential breakdown. Indicators show a contradiction: On-Balance Volume (OBV) and Money Flow Index (MFI) confirm aggressive retail dip-buying, showing increased buying pressure. Conversely, momentum indicators like the Relative Strength Index (RSI) show a hidden bearish divergence (rising momentum but a lower high in price), suggesting weakening price strength. Furthermore, the Chaikin Money Flow (CMF) is falling and remains negative, indicating that larger investors are likely selling into the rally. This divergence suggests the retail-driven rebound is unsustainable within the bearish structure. If Pi Coin falls below $0.161, the pattern breakdown could push the price toward $0.130 or a new low around $0.122. A break above $0.207 is needed to invalidate the bearish structure.

(Source：BeInCrypto)