Pi Coin Rebounds 1.09% But Bearish Trend Persists

Pi Coin has experienced a slight rebound after weeks of decline, closing just above its 9-day moving average at $0.5422. This minor uptick suggests a potential shift in trend, but most indicators still point to a bearish outlook. The coin is currently trading below major resistance levels and has not confirmed any clear breakout, although it has seen a 1.09% increase in the past day.

Yesterday's prediction highlighted $0.57 as a key breakout level, which has not yet been reached. The price remains below $0.55, and the neutral outcome of trading between $0.50 and $0.56 has held, with the current price at $0.5396. This price is just above the 9-day simple moving average (SMA) but lacks a confirmed trend reversal.

Pi Coin is attempting to stabilize after a prolonged slide, with the $0.50–$0.47 zone acting as a short-term floor. The recent close above the 9-day moving average is a positive sign, but follow-through is needed. If the token can close above $0.55 with volume, it may aim for the $0.57–$0.60 resistance range next. However, the chart remains structurally bearish, with daily candles mostly red and small-bodied, indicating weak momentum and seller dominance. This is the first time in weeks that the price has closed above the moving average, but without volume and confirmation, this may not signal a true reversal.

The key level to watch on the downside is still $0.50. If that breaks, Pi Coin price could slip back down toward $0.47. On the flip side, $0.55 is the next hurdle for the bulls, and if that gets cleared, the price might push toward $0.60 or even $0.62. Technical indicators on the daily timeframe show a bearish crossover with the MACD, weak momentum with the RSI, and a below-average price with the CCI. The Ultimate Oscillator shows mild buying strength emerging, while the ROC indicates strong downside pressure remains, and the Bull/Bear Power shows bears still in control.

Most indicators are still leaning bearish, with only the Ultimate Oscillator showing some early signs that buyers might be stepping in. It’s a small spark, but not enough yet to support a full-on rally. In the bullish scenario, if Pi Coin can close above $0.57 with some decent volume behind it, that could shift short-term sentiment and set the stage for a move up to around $0.62. In the neutral scenario, if momentum starts to fade again, Pi Coin price might just keep chopping sideways between $0.50 and $0.56 for a while. In the bearish scenario, if Pi Coin drops below $0.50, it could head back down to test the $0.47–$0.48 zone again and maybe even fall lower if selling picks up.

Pi Coin price is getting a little bounce right now, but the bigger trend is still pointing downward. One green candle above the 9-day SMA is a start, but not confirmation. Traders are keeping an eye on the $0.55 to $0.57 zone to see if momentum really starts to shift. Until that happens, Pi Coin will probably keep moving sideways or maybe even dip again.