Pi Coin Price Safe From All-Time Low, On The Brink Of Explosion

Pi Coin is trading in a prolonged downtrend, struggling to regain momentum as overall market conditions remain cautious.

Despite this, the altcoin is signaling a potential breakout. Technical indicators suggest that bearish pressure may be easing, opening the door for a potential move higher.

Pi Coin can break out

The Relative Strength Index (RSI) is currently forming an exaggerated bullish divergence. Unlike a standard divergence, this pattern is more subtle, but still suggests that the current downtrend is losing strength. While it does not confirm an immediate reversal, it does suggest that sellers are running out of steam.

This development puts Pi Coin in a position to break out in the near future. As investor sentiment shifts, this divergence suggests that buyers may gradually regain control. If the market stabilizes, Pi Coin could move from the accumulation phase to a new bull run.

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The Medium Convergence Divergence (MACD) indicator provides further support to the bullish case. The indicator has maintained a bullish cross for nearly a month, rejecting attempts to turn bearish. This consistency underscores that the bullish momentum remains active despite short-term volatility.

Despite a recent false bearish cross, the MACD remains tilted to the upside, indicating resilience among Pi Coin investors . This persistence highlights that buyers are willing to defend key levels, which could help the cryptocurrency break above immediate resistance.

PI price needs to overcome the barrier

At the time of writing, Pi Coin is trading at $0.353, trading just below the key resistance level of $0.360. A break of this level into support would open the door for a rally to $0.381, marking the first step in reversing the downtrend.

If achieved, this breakout would end the ongoing decline. XEM both the RSI divergence and the MACD’s sustained bullish outlook, this scenario is increasingly likely, provided the overall market remains neutral to positive.

However, risks remain. If the bullish momentum weakens, Pi Coin could slide below $0.351 and drop to $0.340. Falling below this level would risk testing the All-Time-Low, invalidating the bullish outlook and causing further concern for investors.