Touted as the "Bitcoin mobile" a few years ago, Pi Coin appeared poised for success. However, with a stagnant mainnet, minimal liquidity, and waning trust, investors are questioning if Pi missed its momentum. Join the conversation on InvestX.fr/en for more insights.
The daily chart of Pi Coin presents a concerning technical configuration at the MACD level. This momentum indicator shows signs of weakness after several weeks spent above its signal line. The recent history leaves no room for doubt. Indeed, the last two bearish crossovers that occurred on August 25th and September 21st triggered corrections of 9% and 49% respectively.
If a new bearish crossover forms in the coming days, Pi Coin could experience similar selling pressure. Experienced traders are closely monitoring this zone, as it has systematically marked the beginning of distribution phases in recent months.
Paradoxically, the OBV indicator is attempting to tell a different story. This tool, which measures volume strength based on price movements, has remained under a descending resistance since early October, confirming the dominance of sellers. However, each test of this trend line has generated small technical bounces, notably the 8% increase observed on November 10th.
Pi Coin’s OBV remains negative but is beginning to show a slight bullish inflection. This signal suggests that some buyers are cautiously testing the market. A breakout above the OBV resistance line could neutralize the bearish setup of the MACD and pave the way for a more solid recovery.
The 12-hour chart reveals a classic but explosive technical pattern: a symmetrical triangle. Pi Coin’s price is currently moving between an ascending support line and a descending resistance, progressively compressing volatility. This configuration visually reflects market indecision and typically precedes a significant directional move.
The key levels to monitor are now well-defined. A close above $0.23 would confirm a bullish breakout and open the path toward $0.25, with a possible extension up to $0.27 if momentum accelerates. Conversely, if the lower support near $0.20 gives way, Pi Coin could quickly revisit $0.19 before potentially testing the critical zone of $0.15.
The Smart Money Index brings an interesting nuance to this analysis. This indicator, which tracks institutional investor and whale movements, bounced off its signal line on November 11th. While this is not yet a complete reversal signal, this movement suggests that some large portfolios are beginning to anticipate a rebound and are discretely accumulating positions.
The convergence of several technical factors could soon force Pi Coin to break out of its triangle. If the Smart Money Index forms a higher high and the OBV breaks through its resistance ceiling, bullish momentum could finally materialize. Otherwise, the MACD’s bearish pressure risks regaining control and triggering another leg of correction.
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