$SOL
Pi Coin has been locked in a steep slide since late November. After topping out near month’s end, the token has shed roughly 28%, erasing much of its prior rally. The weakness hasn’t let up: Pi is down 8.6% over the past week and more than 40% across the last three months.
Yet beneath the bruised price action, subtle shifts are starting to surface. While the trend still leans bearish, fading selling pressure raises a pivotal question: is Pi Coin approaching a breather in its decline—or quietly laying the groundwork for something bigger?
Momentum Is Fading, but Conviction Is Missing
On the daily chart, Pi Coin has carved out a hidden bullish divergence between November 4 and December 11. Price formed a higher low, even as the Relative Strength Index (RSI) sank to a lower low. This disconnect often hints that sellers are losing their grip, a pattern frequently seen late in a correction.
Still, this is not a green light for a reversal—only a warning that downside momentum is cooling.
Volume tells a more cautious story. The Chaikin Money Flow (CMF) remains below zero and pinned near a descending trendline, signaling that meaningful capital has yet to flow back in. In short, selling is easing, but buyers are still standing on the sidelines. Without stronger inflows, any bounce risks being shallow and short-lived.
The Levels That Could Make—or Break—the Next Move
Pi Coin now sits at a technical inflection point. Bulls need to reclaim $0.222 to give a rebound credibility. A sustained push above that level could open the door to $0.244 and $0.253, provided the broader market cooperates.
A true trend shift, however, remains out of reach unless price clears $0.284, the late-November peak.
On the downside, $0.203 is the line in the sand. A daily close below it would undermine the recovery narrative and invite another wave of selling. For optimism to grow, price must rise alongside improving money flow—otherwise, any upside may prove fleeting rather than transformative.#PiCoreTeam