Pi Coin Price Prediction: Defying the Trend and Outperforming Bitcoin and Ethereum, Do Technical Indicators Indicate a Market Reversal?

Against the backdrop of the overall pullback of over 3% in the crypto market, Bitcoin, Ethereum, and BNB have fallen between 3% and 12%, while Pi Coin (PI) has only dropped 1.5% in the past 24 hours, demonstrating a rare resilience to decline. However, the technical trend of Pi Coin faces a dilemma of "dual signals": the Money Flow Index (MFI) shows bullish divergence, suggesting that retail money is accumulating at low levels; while the Relative Strength Index (RSI) has shown bearish divergence, warning that the short-term rebound lacks momentum. Currently, the price of Pi Coin is within a falling wedge bullish reversal pattern, with $0.15 being the critical line to determine whether its long positions trend is effective.

The market resists declines against the trend: Pi Coin shows rare resilience

Despite the sell-off in the mainstream crypto market, the price structure of Pi Coin has shown remarkable resilience.

· The decline is much smaller than the market.

Against the backdrop of an overall correction of more than 3% in today's crypto market, major cryptocurrencies such as Bitcoin and Ethereum experienced declines ranging from 3% to 12%, while Pi Coin only recorded a 1.5% drop, demonstrating its strong support and retail interest during the market downturn. This performance makes it one of the few coins that outperformed the market.

· MFI and RSI signals conflict

The daily chart of Pi Coin shows two conflicting indicator signals, making it difficult for traders to determine the short-term direction:

Bullish Divergence (MFI): Although the price reached a new low from August 1 to October 9, the Money Flow Index (MFI), which tracks the inflow and outflow of money, has been rising. This is often interpreted as a bullish divergence, suggesting that new buying power is quietly entering the market during the price decline, reflecting the retail investors' accumulation interest.

Bearish Divergence (RSI): However, during the period from October 6 to October 13, the Relative Strength Index (RSI), which measures market momentum, showed a hidden bearish divergence: prices made lower highs while the RSI made higher highs, warning that the momentum of the short-term rebound attempts is weakening.

· Neutral and cautious structure

Analysis suggests that these two signals are not completely contradictory but may represent different stages of the same process: MFI indicates early accumulation, while RSI warns that the recovery may encounter resistance before strong confirmation. Therefore, the current setup leans towards neutral, but remains slightly cautious until a breakout or breakdown is confirmed.

Technical Structure Analysis: Falling Wedge Indicates Potential Bullish Reversal

From a structural perspective, the price trend of Pi Coin is in a key bullish formation.

· falling wedge

The price of Pi Coin is trading within a falling wedge, which is often considered a potential bullish reversal signal on the daily chart.

· Breakthrough and Short-term Goals

To confirm the bullish strength, the daily closing price of Pi Coin must break through $0.29. This breakout will confirm the exit from the wedge pattern and is expected to attract new buying volume. Referring to the rebound history on September 22, when PI soared 57% from $0.18 to $0.29, the short-term target could be between $0.24 and $0.25. If momentum strengthens, it is even more likely to extend to $0.29. A clear breakout above $0.29 will confirm a strong bullish trend.

· Key support and failure risk

At the time of writing this article, the trading price of Pi Coin (PI) is close to $0.21, with strong support levels at $0.18 and $0.15. If the daily close falls below $0.15, it will lead to a downward breakout of the wedge, rendering the current bullish setup invalid.

Conclusion

Pi Coin has become the focus of the market due to its extraordinary resilience against falls, but its price direction remains undecided. The conflicting signals from MFI and RSI reflect the tug-of-war between market accumulation at the bottom and weakening short-term momentum. Ultimately, the direction of the falling wedge will be the final arbiter of Pi Coin's next move. Traders should focus on the upward breakout at 0.29 USD and the downward defense at 0.15 USD to confirm whether the accumulation dominated by MFI successfully achieves a rebound, or if the weakness led by RSI results in further pullbacks.

This article is for informational purposes only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make cautious decisions.