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Warning Signals Mount as Pi Coin’s Price Climb Shows Signs of Weakening Momentum

Despite a roughly 9 % rise over the past month, Pi Coin (PI) is showing technical indications that its recent rebound may be losing steam and could be vulnerable to a correction. 

1. A Rebound… But Limited

Over the last month PI has regained from about $0.209 to around $0.226, marking a solid bounce. Many might view this as a positive sign of buyer support. Yet, the technicals say caution: despite the price increase, the chart suggests the recovery might be shallow rather than sustainable.

2. Three Technical Warning Flags

• Bearish Engulfing Candlestick

On the daily chart, a classic bearish engulfing pattern has surfaced: a large red candle fully covering the prior green candle. This typically signals that sellers are stepping in and may gain control after a short-term rally. Notably, each prior occurrence since 21/10 has preceded declines in the range of 8 %–20 %. 

• On-Balance Volume (OBV) Trend Break

The OBV indicator—measuring net buying versus selling volume—had been forming rising bottoms in the period 14/11-18/11, showing underlying volume support for the price move. But recently, OBV broke the up-trend line, risking a drop below –1.36 billion, which would confirm weaker buying and stronger selling pressure. 

• Hidden Bearish Divergence on RSI

A hidden bearish divergence appears when price makes a lower high but the RSI makes a higher high. In PI’s case (16/11-18/11) the price peaked lower whilst RSI peaked higher—often a precursor to a larger decline. 

Combined, these signals suggest that PI’s rebound is happening within a larger downtrend structure—not the start of a clear uptrend reversal. 

3. Key Price Zones to Monitor

  • Support to watch: ~$0.219. Maintaining above this zone is critical to keep more positive prospects alive. Below that, the next support lies at ~$0.209—the level from which the recent recovery began. 

  • Resistance to flip upside momentum: ~$0.230 and more ambitiously ~$0.236, validated with strong volume, would be required to break out of the current weakness and shift into a more bullish stance. Without that, the risk of further downside rises. 

4. What This Means for Investors

Even though the price chart shows green, the underlying indicators reveal caution. Here are some take-aways:

  • The presence of multiple warning signs means traders should avoid assuming the rebound will automatically continue.

  • Holding long positions without proper risk control could be perilous if the support breaks.

  • For those considering entry, waiting for confirmation of strength (price clearing resistance + strong volume) may reduce risk.

  • For existing holders, setting stop‐losses near key support (~$0.219) could be prudent to protect from a sharper drop.

5. Final Thoughts

Pi Coin’s recent uplift may look encouraging at first glance—but the chart reveals a different story. The bearish engulfing pattern, OBV trend break and hidden divergence on RSI all point to weakening momentum. Unless PI can decisively clear the ~$0.230+ resistance zone with volume, the possibility of a pullback remains substantial.

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