Pi Coin Turns to Number 13 For Luck Amid Bullish Sightings: Rebound Setup Emerges

Despite being trapped in a relentless downtrend and recently slipping another 3.3% to hover near $0.22, Pi Coin is now showing signs of a potential short-term reversal. Multiple technical indicators, including a bullish divergence on the Money Flow Index (MFI) and weakening seller strength confirmed by Wyckoff Volume, suggest that the relentless selling pressure is finally easing. If the price can successfully hold a critical support level, the coin could stage a recovery of at least 13%.

📈 Technical and On-Chain Signals Align for Rebound

Three key technical and volume indicators are suggesting that momentum may be shifting in favor of buyers: Bullish Money Flow Index (MFI) Divergence: The MFI, which combines price and volume to track capital flow strength, has formed a bullish divergence. Between September 30 and October 9, the Pi Coin price made a lower low, but the MFI made a higher low. This is a classic signal that selling pressure is weakening even as the price continues its decline.Fading Seller Strength (Wyckoff Volume): The Wyckoff Volume Chart shows that the seller-specific yellow bars are shrinking. This pattern previously preceded a 10% climb in early September and suggests that sellers are losing control of the market, which may soon be followed by buyers slowly regaining strength.Hidden Bullish RSI Divergence: The Relative Strength Index (RSI), a momentum gauge, is showing a hidden bullish divergence (price makes a higher low while RSI makes a lower low). This confirms that underlying momentum is quietly rebuilding, suggesting that each price dip is attracting slightly stronger buying interest, laying the groundwork for a short-term rebound.

🎯 Key Levels for Recovery and Downside Risk

The projected recovery of 13% hinges on the price successfully defending the immediate floor: Critical Support to Hold: The primary technical level that Pi Coin must hold to validate this rebound setup is $0.22.Immediate Upside Target: A successful bounce from the $0.22 support could see the Pi Coin price rally by 13% toward $0.25.Extended Target: A decisive daily close above the $0.25 resistance would reinforce the short-term structure and could open the path toward $0.28.Invalidation Point: If the price breaks and closes a daily candle below $0.22, the rebound setup will be invalidated, likely putting sellers back in charge and risking a drop toward $0.18 or lower.

📌 Conclusion: A Pause in the Descent

Pi Coin's recent slide is being challenged by multiple aligning technical signals, all suggesting a temporary exhaustion of seller strength. The formation of bullish divergences on the MFI and RSI, combined with shrinking seller volume, provides a narrow, crucial window for a short-term recovery. For the token, the key is not just to chase a rally but to hold the $0.22 level to finally pause its relentless descent and set up a 13% bounce toward $0.25.

🔐 Disclaimer

This information is a summary of technical analysis and market commentary from a BeInCrypto article and is for informational purposes only. It does not constitute financial or investment advice. The cryptocurrency market is highly volatile, and while bullish divergences can signal a reversal, they are not guaranteed. You must always conduct your own thorough research (DYOR) and consult with a professional financial advisor before making any investment decisions.