The price of Pi Coin (PI) has recently shown a small increase, rising to around $0.36. While this might seem encouraging, technical analysis suggests that the bounce is a “bear trap” that could lead to a new all-time low.
Several indicators point to potential weakness. The Money Flow Index (MFI) shows that retail traders are buying the dip, but the Chaikin Money Flow (CMF) is negative, indicating a lack of meaningful investment from larger players. This mismatch between retail and institutional interest suggests the rally lacks strong support.
Furthermore, a hidden bearish divergence is visible on the daily Relative Strength Index (RSI) chart. This occurs when the price makes lower highs while the RSI makes higher highs, a classic signal that the downtrend is likely to continue.
The 4-hour chart reveals a head-and-shoulders pattern, a bearish formation that suggests a price drop. The “neckline” of this pattern is at $0.33. If the price falls below this level, the target is a drop toward $0.31, which would be a new all-time low. The only way to invalidate this bearish outlook is for the price to close above $0.37, which would break the bearish pattern and potentially restore momentum for the bulls.
September 2025, Cryptoniteuae
