Pi Coin Rally Faces Headwinds Despite 24% Jump

Pi Coin’s (PI) price has recently surged by nearly 24%, trimming its monthly losses to about 4%. However, the token is still down over 40% in the past three months, indicating that the broader bearish trend is still in play.

This recent bounce may be short-lived, as technical signals suggest weak underlying momentum:

• Hidden Bearish Divergence: The price has made a lower high while the Relative Strength Index (RSI), which measures strength, has formed a higher high (between October 6 and 27). This pattern typically suggests the downtrend will continue despite the short-term price rebound.
• Fading Money Flow: The Money Flow Index (MFI), which tracks capital inflows, shows that the price has made a higher high since October 24, but the MFI has made a lower high. This indicates less new money is entering the market to support the rally, a pattern that preceded a roughly 48% drop between September 3 and 20.

Short-Term Upside Possible, But Resistance Looms

Despite the bearish signals, short-term charts hint at more potential gains:

• A bullish crossover has occurred on the 4-hour chart, with the 20-period Exponential Moving Average (EMA) moving above the 50-period EMA.
• If the 20-period EMA also crosses above the 100-period EMA, it could trigger more buying, potentially driving the price toward the nearby resistance level of $0.27.

Critical Resistance Level Key to Reversal

On the daily chart, Pi Coin is trading within a falling broadening wedge, a pattern that often signals a bullish reversal after a prolonged downtrend.

• The crucial test lies at $0.28. While short-term gains toward $0.27 are possible, a stronger, sustained rally requires a daily close above $0.28.
• Breakout Scenario: Clearing the $0.28 resistance would confirm a breakout from the wedge and could open the door for a move to $0.36 (a potential 41% gain).
• Bearish Scenario: If the token fails to clear $0.28, selling pressure could return, with a drop below $0.20 potentially leading to a decline toward $0.15.

October 2025, Cryptoniteuae