Pi Coin Outperforms in Red Market— How Will Price React Next?
Pi Coin has held stronger than most main cryptocurrencies because the crypto market corrected by over 3% immediately. While Bitcoin, Ethereum, and BNB dropped between 3% and 12%, the Pi Coin worth slipped only one.5% in the previous 24 hours — displaying uncommon resilience. Yet merchants at the moment are going through a puzzle: two opposing chart alerts that might decide whether or not the subsequent transfer brings restoration or one other leg down.
For now, Pi Coin’s construction is caught between cautious optimism and fading power.
Two Signals, One Uncertain Outcome
Pi Coin’s chart presents an attention-grabbing conflict between shopping for power and momentum weak point — two alerts that normally information short-term worth course.
The Money Flow Index (MFI), which tracks cash flowing in and out of the asset, has been climbing even because the Pi Coin price made a decrease low between August 1 and October 9. This is often seen as a bullish divergence, suggesting that whereas costs fell, contemporary shopping for quietly entered the market. It displays rising retail curiosity — the type of gradual accumulation that always kinds the bottom for a rebound.
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However, between October 6 and October 13, PI’s Relative Strength Index (RSI) — a measure of market momentum — painted a hidden bearish divergence. Prices made a decrease high whereas RSI made the next high, indicating that purchasing momentum is fading at the same time as short-term restoration makes an attempt happen.
Rather than contradicting one another utterly, these two readings could possibly be displaying totally different levels of the identical course of: MFI factors to early accumulation, whereas RSI warns that restoration could face resistance earlier than stronger affirmation. For merchants, meaning the setup nonetheless leans impartial — with a slight tilt towards warning till the subsequent breakout or breakdown confirms course.
More on this in the subsequent part, the place we talk about the Pi Coin price action.
Pi Coin Price Setup Reveals A Falling Wedge
From a structural perspective, the Pi Coin worth trades inside a falling wedge — a sample that always hints at a doable bullish reversal on a every day chart.
To verify power, a every day Pi Coin worth candle should transfer above $0.29, which might point out a breakout from the wedge and certain entice new shopping for quantity.
However, if we simply have a look at the near-term historical past, a rebound much like September 22, when PI jumped 57% from $0.18 to $0.29, may repeat. This implies short-term targets round $0.24–$0.25, with an prolonged transfer towards $0.29 doable if momentum picks up. And breaking $0.29 cleanly would imply bullish power for the Pi Coin worth.
At the time of writing, Pi Coin (PI) trades close to $0.21, with robust help round $0.18 and $0.15. A clear every day shut beneath $0.15 would break the wedge to the draw back, invalidating the bullish setup.
For now, PI stays one of many few cash outperforming the market however nonetheless strolling a superb line. Whether the MFI-led accumulation wins or RSI-led weak point extends the pullback, the falling wedge would be the ultimate choose of the place the Pi Coin worth goes subsequent.
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