Pi Coin’s Charts Hint at a Turnaround—Here’s Why a 40% Rally Could Be Close

The Pi Coin price has struggled to impress traders lately. The token traded flat over the last 24 hours and was down about 3.4% over the past week. On a one-year scale, Pi Coin’s performance has been even weaker, with losses of more than 61%.

The steady downtrend makes the latest technical signals stand out even more. Indicators on the charts suggest that a potential reversal might be forming, hinting at a rally if buying pressure builds.

RSI Divergence Hints at Reversal

The first key signal is a bullish divergence on the daily Relative Strength Index (RSI). Normally, when the price makes a new low, RSI also makes a new low.

But in Pi Coin’s case, between August 19 and August 25, the price made a lower low, while RSI created a higher low. This mismatch is called a bullish divergence.

Pi Coin RSI Divergence: TradingView

Bullish divergence is often read as a sign that selling momentum is weakening even while prices continue to fall.

It can mark a turning point where buyers quietly begin to take control. This exact setup also appeared earlier in August. At that time, a similar divergence preceded a 39% rally in Pi Coin’s price, from $0.33 to $0.46. The repeat of this pattern suggests that the token could be setting up for another upward move.

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MFI and Bull/Bear Power Back the Bullish Signal

The bullish case, exhibited by the RSI, is reinforced by two more indicators.

The Money Flow Index (MFI), which measures buying and selling pressure by combining price and volume, has been making higher highs since mid-August. This means that even as the price drifted lower, buyers kept putting in fresh capital — a sign of dip-buying activity.

Pi Coin Buyers Continue To Buy The Dip: TradingView

At the same time, the Bull/Bear Power index, which compares current price levels to moving averages, shows that bearish momentum has been fading.

Fading Bearish Strength: TradingView

A similar drop in bearish strength earlier this month, during the RSI divergence phase, was followed by a short-lived but sharp rally to $0.46. Together, MFI and Bull/Bear Power add weight to the RSI divergence, pointing to a shift toward accumulation.

Key Levels to Watch for Pi Coin Price

The PI price action also reflects this cautious optimism. Pi Coin recently held firm at $0.33, a key support area. If the bullish divergence plays out, the first major upside target sits at $0.46 — a level tested during the last divergence-driven rally. That would mark a gain of about 40% from current levels.

Pi Coin Price Analysis: TradingView

However, some key short-term resistance levels, including $0.37 and $0.40, need to be scaled first.

If momentum stays strong, a stretch move toward $0.52 could also come into play, provided $0.46 is reclaimed. However, if Pi Coin falls under $0.32, the bullish setup would be invalidated, and the risks of fresh lows would rise.