Pi Coin price has dropped by more than 10% last week and is currently trading near $0.35, which is dangerously close to its all-time low. While the downward trend continues, several short-term signals suggest that Pi Coin may be ready for a slight rebound.
Signs of initial buyer interest are forming beneath the surface. If this interest continues, Pi Coin sellers may lose control, at least temporarily.
Money Flow Index Quiet Bullish Divergence
On the daily chart, the Money Flow Index (MFI) showed a subtle but important signal. Pi Coin price formed a lower high, but the MFI recorded a higher high, creating a weak bullish divergence.
Previously, this occurred between August 3rd and 9th, with Pi price rebounding from $0.32 to $0.46, surging nearly 30% in just a few days.
Currently, the MFI remains below 40. However, if it crosses 40 within a few days, it will form two consecutive higher highs. If confirmed, this could be the first signal that sellers are beginning to retreat.
The Money Flow Index combines price and volume data to track buying and selling pressure. When the MFI rises during a price decline, it often implies accumulation is in progress.
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Bears Still Dominating... Momentum Weakening
Pi Coin buyers have not yet won, but the Bull-Bear Power (BBP) indicator on the 4-hour chart suggests sellers are getting tired. Selling momentum has weakened compared to previous cycles, which were characterized by aggressive selling intensity.
This reduction in selling strength does not confirm a reversal. However, if Pi Coin buyers push at appropriate levels, space for a rebound could emerge, especially when momentum appears less unilateral.
Similar weakening of selling momentum was observed in early August. This coincides with the rising MFI and nearly 30% price surge, as previously highlighted.
BBP measures the real-time strength of buyers and sellers. A slowdown in selling momentum during a downtrend often leads to a short-term rebound.
Pi Coin Price Levels to Watch
Currently, Pi Coin price is trading near $0.35, above a key support level. This support zone has been tested multiple times. If sellers break through, a clear move below $0.32 could quickly open a new low.
However, if the current level is maintained and buying pressure increases, short-term targets begin to appear:
- $0.38 – Immediate resistance and first test
- $0.41 – Confirmation of intermediate level breakthrough
- $0.46 – Same level as the last rebound high in early August
Setting a higher high on the MFI triggered the last Pi Coin price surge. This is very similar to what is currently forming.
Therefore, while Pi Coin's long-term structure remains weak, the current reduction in selling pressure and increased buying interest may allow buyers to rebound, at least while sellers catch their breath. However, it is important to carefully watch the $0.32 level.
