📉 Recent Price Performance

Pi Coin (PI) has fallen about 28% from its late-November highs, erasing much of the gains seen earlier and reflecting continued weakness over recent weeks.

Live market data shows PI trading around ~$0.207–$0.208, with bearish sentiment and the Fear & Greed Index in “Extreme Fear” territory.

📊 Technical Signals — Is a Reversal Coming?

Bullish hints:

Hidden bullish divergence on daily charts: Pi’s price has made higher lows while the RSI made lower lows — this can signal that selling pressure is easing.

Divergences like this sometimes precede bounces as momentum starts improving.

Bearish/neutral conditions still in play:

Chaikin Money Flow (CMF) remains below zero and near a descending trendline, which suggests big buyers have not entered strongly yet.

The broader trend still lacks conviction unless PI can clear key levels.

🧠 Key Price Levels to Watch

📌 $0.222 — a break and hold above this level could signal buyers returning and trigger a short-term rebound.

📌 $0.244–$0.253 — next resistance zone if momentum improves.

📌 $0.284 (November highs) — taking out this level would be needed for a trend reversal rather than just a pullback.

📉 $0.203 support — a decisive daily close below this would weaken any reversal case and could extend the downtrend.

🧭 Sentiment & Market Context

Broader indicators and sentiment remain cautious — Pi is trading below many key moving averages and sentiment metrics lean bearish.

Pi still shows limited liquidity and trading adoption compared with larger tokens, which can amplify volatility.

📌 Summary — What the Charts Really Suggest

Bullish reversal is not confirmed yet.

There are early technical signs (like the RSI divergence) that selling pressure may be slowing, but buyers have not taken control in a meaningful way yet. Confirmation would likely require:

1. Clearing the $0.222 zone and sustaining above it.

2. Follow-through buying and improved volume/money flow.

3. Ideally breaking toward or above recent highs.

Without those, the price may continue to consolidate or retest lower support. 💡