Pi Coin has had a tough time since the end of November. After the price peaked near the end of the month, it has dropped about 28%. Most of the previous gains have disappeared. In just the last seven days, Pi Coin has gone down about 8.6%, and over the last three months, the losses are now over 40%.
Despite that weakness, the latest chart data shows that something new is forming beneath the surface. The pressure from momentum is beginning to change, so many are wondering if the correction might take a break soon. Will a pause lead to a rise or a completely new turn? It’s time to get some answers!
The pressure on momentum is decreasing, but buyers are still hesitant.
On the daily chart, a hidden positive divergence for Pi Coin can be seen between November 4 and December 11. During this time, the price made a higher low while the Relative Strength Index showed a lower low. RSI measures momentum by looking at the rate of buying and selling. When the price remains at a high level but momentum weakens, it often indicates that sellers are starting to lose control.
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This type of divergence is often seen near the end of strong declines. It does not confirm a reversal on its own, but it usually comes before attempts at upward movement when sellers lose their grip.
But momentum is not enough. Chaikin Money Flow, which measures whether large buyers or sellers control the volume, is still warning. CMF is close to testing the falling trendline (which connects lower lows) and is also trading below zero. This shows that the big money is not yet supporting Pi Coin.
Simply put, the selling pressure looks weaker, but the big buyers have not bet everything. This makes the opportunity for an upward movement fragile. Until the cash flow improves, attempts at an upward movement will face significant resistance. And if CMF falls below the trendline, the opportunity for Pi Network to rise may be completely lost.
Pi Coin price levels that show what happens next
The price chart for Pi is now at a crossroads. For the upward movement to strengthen, Pi Coin must get back above 0.222 USD. A stable lift above this level means about a 7% increase and shows that buyers want to defend higher prices again. If that happens, the price could continue towards 0.244 USD and perhaps 0.253 USD, if the market remains calm.
Only a price jump above 0.284 USD (the peak at the end of November) can indicate an attempt to reverse. However, it is still a long way off right now.
Support is just below current levels. The area around 0.203 USD is important. A daily close below 0.203 USD makes the chances of an upward movement much weaker and opens up for new declines. If that support breaks, Pi Coin could fall to lower levels and add a new phase to the decline.
The opportunity for upward movement will only become stronger if the price rises and CMF starts to move towards zero. Without that confirmation, attempts at upward movement risk failing quickly.