Is Pi Coin About to Pull a Houdini? Find Out Before the Bears Strike Again!

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Well now, gather ’round, folks! It seems our dear friend Pi Coin has taken a tumble, dropping over 10% this past week and now teetering on the edge of $0.35 – a precarious perch, I must say, dangerously close to its all-time low. But hold your horses! A few flickers of hope suggest that Pi Coin might just be ready to pull a rabbit out of its hat and bounce back, if only for a moment.

There are whispers of buyer interest bubbling beneath the surface, and if that interest keeps bubbling, why, the Pi Coin bears might just find themselves losing their grip, at least for a spell. 🐻💨

Money Flow Index: A Sneaky Little Signal

Now, let me tell you about the Money Flow Index (MFI) on the daily chart, which has decided to flash a subtle but important signal. While our dear Pi Coin has been busy forming a lower high, the MFI has been up to some mischief, registering a higher high, creating what we call a mild bullish divergence. Fancy that!

The last time this little dance happened, between August 3 and August 9, the Pi price bounced from $0.32 to $0.46, a nearly 30% leap in just a few days. Talk about a comeback! 🎉

As it stands, the MFI is still below the 40 mark, but if it decides to cross above 40 in the coming days, we might just see two consecutive higher highs. If that happens, it could be the first sign that sellers are starting to take a breather. 🥵

The Money Flow Index, bless its heart, combines price and volume data to track the buying and selling pressure. A rising MFI during falling prices often hints that accumulation is afoot. Keep your eyes peeled! 👀

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Bears Still in Charge, But Getting Tired

Now, while the Pi Coin bulls aren’t exactly winning the day, the Bull-Bear Power (BBP) indicator on the 4-hour chart suggests that our bear friends are starting to tire. The momentum on the sell side has weakened compared to earlier cycles, where bearish strength was built like a house of cards. 🏰

This drop in bearish intensity doesn’t confirm a reversal, mind you. But it does imply that if the Pi Coin bulls push at the right levels, there’s now room to squeeze a rebound, especially with momentum looking less one-sided. A bit like a seesaw, if you will! ⚖️

A similar weakness in the bearish momentum was seen in early August, a move that aligns with the rising MFI and that delightful near 30% price surge we mentioned earlier. Coincidence? I think not! 🤔

BBP measures the strength of bulls versus bears in real time. A slowdown in bearish momentum during a downtrend often leads to relief rallies, even if they are as fleeting as a summer breeze. 🌬️

Pi Coin Price Levels to Keep an Eye On

At this very moment, the Pi Coin price is trading around $0.35, just above key support. This support zone has been tested more times than a cat’s patience. If sellers break through, a clean move below $0.32 could open the floodgates to new lows faster than you can say “Oh dear!”

But if the current level holds and bullish pressure picks up, we might just see some short-term targets come into view:

  • $0.38 – Immediate resistance and the first test of courage
  • $0.41 – Mid-level breakout confirmation, if you’re feeling lucky
  • $0.46 – The same level as the last rebound top in early August, a familiar haunt

An MFI higher high setup also triggered the last Pi Coin price surge, which is strikingly similar to what’s brewing now. So, while Pi Coin’s long-term structure remains as shaky as a three-legged dog, the current combination of waning bearish strength and rising buying interest might just allow the bulls to sneak in a rebound, at least while the bears pause to catch their breath. But do keep an eye on that $0.32 level, folks! 🧐

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2025-08-20 17:47