Pi Coin Steady at $0.36 Amid Volatility, Bullish Signals
Pi Coin’s price has remained at $0.36 despite a 60% annual decline and a recent 5% weekly drop. Short-term technical indicators on the hourly chart show a bullish crossover of the 20-period EMA above the 50-period EMA, briefly lifting Pi Coin to $0.37. However, past patterns suggest such moves are temporary without altering the long-term downtrend. On the 12-hour chart, a positive RSI divergence points to growing buyer strength, yet broader market uncertainty persists. Analysts identify key resistance at $0.37, $0.38, and $0.40; a sustained break above $0.40 could confirm a bullish shift, aided by the new PI/USDC pair on OKX. Conversely, a fall below $0.33 would invalidate current technical support and risk fresh lows. Traders should watch these levels as they weigh short-term relief against the need for stronger trend signals before committing long-term capital.
Neutral
Although Pi Coin shows short-term bullish signals—such as the EMA bullish crossover and RSI divergence—the overall trend remains firmly bearish with a 60% annual loss and repeated downturns. Historical patterns show that similar technical bounces were fleeting. Key resistance levels and the new OKX PI/USDC pair provide potential catalysts, but traders require sustained breaks above $0.40 to confirm a trend reversal. Conversely, a drop below $0.33 would reinforce bearish momentum. As a result, the net impact is neutral: neither clearly bullish nor bearish until more decisive technical confirmation emerges.