Pi Coin remains stronger than most major cryptocurrencies as the crypto market corrects by more than 3% today. While Bitcoin, Ethereum, and BNB have fallen between 3% and 12%, Pi Coin’s price has shown rare resilience, declining by just 1.5% in the past 24 hours. However, traders are now faced with the puzzle of two conflicting chart signals that could determine whether the next move brings a recovery or another leg lower.
For now, Pi Coin’s structure is caught between cautious optimism and waning strength.
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Two signals, one uncertain outcome
Pi Coin’s chart shows an interesting collision between strong buying and weak momentum. These are usually two signals that guide short-term price direction.
The Money Flow Index (MFI), which tracks funds flowing in and out of assets, is rising despite Pi Coin’s price hitting a low between August 1st and October 9th. This is generally considered a bullish divergence and suggests that new buying has quietly entered the market while prices were falling. This reflects increased interest in retail, and such gradual accumulation often forms the basis for a rebound.
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However, from October 6th to October 13th, the PI’s Relative Strength Index (RSI), which measures market momentum, showed a hidden bearish divergence. The price has cut its highs, but the RSI has cut its highs. This indicates that buying momentum is weakening despite attempts at a short-term recovery.
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Rather than being completely contradictory, these two measurements may represent different stages of the same process. The MFI indicates early accumulation, while the RSI warns that the recovery may face resistance before being confirmed more strongly. For traders, that means the setup is still leaning toward neutral. We are leaning slightly on caution until the next breakout or breaks out confirms the direction.
We will discuss this in detail in the next section and discuss Pi Coin price fluctuations.
Pi coin pricing reveals falling wedge
From a structural perspective, Pi Coin price is trading inside a descending wedge. This pattern often signals a possible bullish reversal on the daily chart.
To see strength, the daily Pi Coin price candlestick must move above $0.29. This could indicate a breakout from the wedge and attract new buying volume.
However, looking only at short-term history, we could see a repeat of the rally seen on September 22, when the PI rose 57% from $0.18 to $0.29. This suggests a short-term target around $0.24-$0.25, with a long-term move towards $0.29 possible if momentum builds. And a clean break above $0.29 means Pi Coin price is bullish.
At the time of writing, Pi Coin (PI) is trading around $0.21 with strong support near $0.18 and $0.15. If the daily close falls below $0.15, the wedge will break to the downside and the bullish setup will be invalidated.
For now, PI is still one of the few coins to outperform the market, but it still walks a fine line. Whether MFI-driven accumulation wins or RSI-driven weakness extends the pullback, the falling wedge will ultimately determine where Pi Coin price goes next.
