Pi Coin has struggled since the end of November. After reaching its peak towards the end of the month, the price has fallen by about 28%, erasing most of its previous gains. In just the last seven days, Pi Coin is down approximately 8.6%, and over the last three months, the losses now exceed 40%.
Despite this weakness, the latest chart data shows that something new is forming beneath the surface. The momentum pressure is beginning to change, raising the question of whether the correction is approaching a pause. Will the pause lead to a rise or a complete reversal? Time will tell!
Momentum pressure is decreasing, but buyers are still hesitant.
On the daily chart, Pi Coin has formed a hidden bullish divergence between November 4 and December 11. During this period, the price made a higher low, while the relative strength index (RSI) made a lower low. RSI measures momentum by tracking the speed of buying and selling. When the price remains at higher levels while momentum weakens, it often signals that selling pressure is starting to diminish.
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This type of divergence typically appears near the end of steep declines. It does not confirm a reversal on its own but often precedes upward attempts when sellers begin to lose control.
But momentum alone is not enough. Chaikin Money Flow, which measures whether large buyers or sellers dominate the volume, still shows caution. The CMF is close to testing the descending trendline (which connects lower lows) and is also trading below the zero line. This shows that large money flows have yet to become supportive for Pi Coin.
Simply put, selling pressure looks weaker, but the large buyers are not fully engaged. This makes the upward setup fragile. Until the money flow improves, attempts at upward movement are likely to face resistance. And if the CMF breaks below the trend line, the upward setup (not the reversal) for the Pi Network coin could be completely invalidated.
Pi Coin price levels that determine what comes next
The PI price chart is now at a crossroads. For the upward structure to gain traction, Pi Coin must reclaim the area around $0.222. A sustained move above this level would correspond to about a 7% increase and would signal that buyers are once again willing to defend higher prices. If that happens, the price could rise towards $0.244 and possibly $0.253, provided that overall market conditions stabilize.
Only a price increase above $0.284 (the peak from the end of November) can signal an attempt at a reversal. This point seems to be far away now.
The support level is just below today's price. The area around $0.203 is critical. A daily close below $0.203 would significantly weaken the upward scenario and open the door for further declines. If this level breaks, Pi Coin could test lower zones and extend the correction to a new round.
The upward setup will only become stronger if the price rises while the CMF begins to approach zero. Without this confirmation, upward attempts risk stopping quickly.