Picoin has been struggling since late November. After peaking near the end of the month, prices fell by about 28%, erasing most of the gains. In the past seven days alone, Pi Coin has fallen by around 8.6%, and losses over the past three months are now over 40%.
Despite its weaknesses, the latest chart data shows that something new is forming beneath the surface. Momentum pressures are starting to shift, raising questions about whether the correction is nearing a lull. Will the pause lead to a rebound or a complete reversal? It’s time to find out!
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Momentum pressure is easing, but buyers are still hesitant
On the daily chart, Pi Coin formed a hidden bullish divergence from November 4th to December 11th. During this period, prices made higher lows and the relative strength index made lower lows. RSI measures momentum by tracking the speed of buying and selling. When momentum weakens but prices remain high, it often indicates that selling pressure is starting to ease.
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This type of divergence usually appears near the end of a sharp decline. Although it does not in itself confirm a reversal, it often precedes a rebound attempt when sellers begin to lose control.
However, momentum alone is not enough. Chaikin Money Flow, which tracks whether large buyers or sellers dominate trading volume, remains cautious. CMF is still close to testing the downtrend line and trading below the zero line. This shows that significant capital flows have not yet shifted in favor of Pi Coin.
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Simply put, selling pressure appears to be easing, but major buyers are not fully committed. This leaves the rebound setup vulnerable. Any attempt to move higher is likely to meet resistance until capital flows improve. And if the CMF breaks below the trend line, the rebound (not reversal) setting for Pi Network coins may be completely invalidated.
Pi Coin price level that will determine the next development
The PI price chart is currently at a decision point. Pi Coin needs to regain the $0.222 area for the rebound structure to gain momentum. A sustained move above this level would signal an increase of around 7% and indicate that buyers are willing to defend highs once again. If that happens, the price could expand towards $0.244 and even $0.253 once broader market conditions stabilize.
Only a price movement above $0.284 (late November high) could indicate a reversal attempt. That point now seems far away.
Support remains slightly below current levels. The $0.203 zone is important. If the price closes below $0.203 for the day, the chances of a rebound will be significantly weakened and the downside will resurface. If that level fails, Pi Coin could retest lower areas and push the correction into a new leg.
The rebound setup will only strengthen if the price increases while the CMF starts to rise towards zero. Without that confirmation, the ascent attempt risks quickly stalling.
