The Pi Coin price rebound is surprising many traders. Over the past week, it’s up 17.3%, trimming monthly losses to just 5.4%. Even the last 24 hours have seen mild gains of around 0.6%.
The broader setup now hints at a continuation of this recovery. Let’s look at what the charts reveal and why the bounce might still have some room to run.
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Daily and 4-Hour Charts Show Momentum Building
The first sign of strength comes from the daily chart. Between October 30 and November 1, Pi Coin’s price made a higher low while the Relative Strength Index (RSI) — a metric that measures buying versus selling strength on a scale of 0 to 100 — created a lower low. This phenomenon, known as hidden bullish divergence, often indicates that sellers are losing control, suggesting that the near-term uptrend (the weekly one) may continue.
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This daily RSI pattern aligns with what’s happening on the shorter 4-hour chart as well. The 50-period Exponential Moving Average (EMA), which tracks the average price weighted toward recent candles, is approaching a crossover above the 200-period EMA.
Traders refer to this setup as a “golden crossover,” which typically indicates strengthening bullish momentum. Should this crossover occur, it may further support the case for a continued recovery in the Pi Coin price over the short term.
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Retail Money Keeps Flowing
One reason the Pi Coin price remains buoyant is due to continued activity from retail traders. The Money Flow Index (MFI) — a tool that tracks both price and trading volume to assess buying and selling pressure — has been forming higher highs since October 24.
Although the MFI dipped slightly after October 29, it has since rebounded, suggesting renewed inflows. Currently, it sits around 58, above the neutral 50 line. As long as it maintains levels above 56.45 and doesn’t create a lower low, this indicates traders are still buying dips, which helps sustain the Pi Coin price bounce.
Key Levels To Watch For Pi Coin Price
On the Pi Network price chart, the first major resistance level is situated at $0.255. A clean daily close above that point could propel Pi toward $0.270, marking an 8.4% increase from current levels. If that range breaks, the next target becomes $0.293, with potential further upside towards $0.340 and $0.376 as extended levels.
Conversely, on the downside, $0.21 serves as the initial significant level of support. Should this fail, $0.194 remains a robust floor for the time being. However, if $0.194 does not hold, it would invalidate the current bullish setup and expose Pi Coin to a deeper correction towards $0.153.
At present, momentum indicators combined with retail activity suggest that Pi Coin’s rebound still possesses considerable life — but sustaining it hinges on holding above $0.243 and breaking through the critical resistance at $0.255 in the coming days.
