📉 Pi Coin Update: Is a Reversal Coming? 👀
Pi Coin has been quite weak after the end of November.
Price has fallen ~28% from its highs,
with an 8%+ drop in the last 7 days and over 40% loss in 3 months 📉
🔍 What does the chart say?
A hidden bullish divergence is forming on the daily chart:
Price made a higher low
RSI made a lower low
This means: 👉 Selling pressure is gradually decreasing
⚠️ But caution is still warranted
CMF (Chaikin Money Flow) is still below zero
Big buyers have not fully entered yet
Meaning: 👉 Weak rebound possible
👉 Strong reversal not confirmed
📌 Important Price Levels
🔼 Resistance:
$0.222 → if a break occurs here, a short-term relief rally
Next targets: $0.244 – $0.253
A real reversal will happen when it breaks $0.284
🔽 Support:
$0.203 is a very important level
A daily close below this = downside risk returns
🧠 Simple summary:
Momentum is slowing down
Buyers are cautious
Rebound possible, but risk is still high
❓ What is your view?
Pi Coin: 🔼 Will it bounce
🔽 Or dump
⏸️ Or will it go sideways?
Be sure to share your opinion in the comments 👇