Despite a recent 2.85% drop in the last 24 hours and a 13% decline over the past month, Pi (PI) is showing signs of a potential turnaround.
Technical analysis of the 4-hour chart reveals a “cup-and-handle” pattern, which is typically a bullish indicator. If Pi’s price breaks above the handle’s resistance level, it could trigger a rally of up to 24%, potentially reaching the $0.48 level.
Adding to the bullish outlook, technical indicators suggest that selling pressure is easing. The Moving Average Convergence and Divergence (MACD) histogram is showing signs of a shift, hinting that buyers are gradually entering the market. Similarly, the Money Flow Index (MFI) is moving toward positive territory, which would indicate an increase in market liquidity and add to upward momentum.
Finally, strong community sentiment data shows that 82% of 4.2 million investors are anticipating a rally, which often contributes to a self-fulfilling prophecy by driving liquidity. However, broader market conditions will also play a role in determining if and when this rally occurs.
August 2025, Cryptoniteuae
