Pi Coin Attempts Short-Term Rebound
Pi Coin has edged higher after recent weakness, with modest price gains supported by renewed buying interest. However, broader technical conditions still point to a cautious outlook, suggesting the latest move may be a corrective bounce within an ongoing downtrend.
Hidden Bearish Divergence Signals Underlying Risk
Between December 19 and January 3, Pi Coin formed a hidden bearish divergence. During this period, price registered a lower high while the Relative Strength Index (RSI) made a higher high.
This pattern typically appears during corrective rallies in broader bearish trends. It indicates that upward momentum is not fully backed by strengthening market conditions and that selling pressure may reassert itself once short-term demand fades. As a result, the primary downward trend could resume if buyers fail to sustain current levels.
Capital Flows Show Ongoing Accumulation
Macro indicators present a more mixed backdrop. The Chaikin Money Flow (CMF) has moved above the zero line and recently approached a monthly high. Because CMF tracks volume-weighted capital flows, it is often viewed as a gauge of investor commitment rather than short-lived speculation.
The rising CMF suggests continued accumulation, with investors deploying capital despite conflicting technical signals. This has helped stabilize Pi Coin’s price in the near term and limited deeper declines, offering a temporary buffer against broader market volatility.
Key Price Levels to Watch
Pi Coin faces immediate resistance near $0.214, a level that aligns closely with the 23.6% Fibonacci retracement. Repeated rejections in this zone highlight persistent selling from traders looking to exit or reduce positions around their higher entry levels.
A sustained close above $0.214 would signal a break of the prevailing trendline and could open the way toward $0.226, with further upside possible if trading volumes increase and market sentiment improves.
If bullish momentum weakens instead, downside risks remain significant. A move below $0.207 could accelerate selling pressure, potentially pushing the price back to the critical $0.199 support area. Failure to hold that level would reinforce the broader bearish outlook for Pi Coin.