Most altcoins have fallen significantly due to the market crash caused by the flare-up of tariff tensions between the US and China. Still, Pi Coin (PI) performed better than expected. Despite falling nearly 23% over the past week (some of which occurred during the sell-off), Pi Coin’s price managed to break above the $0.15 support, showing resilience at a time when most tokens have fallen.
Since October 7th, Pi has steadily recovered and is currently trading near $0.20, suggesting that buyer confidence may be quietly returning. A closer look at both the chart and on-chain movement suggests that Pi could be poised for a rebound if selling pressure continues to decline.
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Shrinking sales volumes and money flows indicate buyers are returning
On daily charts, volume spread patterns, often studied in Wyckoff-style analysis, can help identify changes in buying and selling strength.
During the tariff crash, red bars dominated the chart, indicating complete control by Pi Coin sellers. However, that bar has now turned yellow, meaning that sellers remain active, but the momentum is weakening.
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More importantly, the yellow bar is shrinking. This indicates that the selling momentum is weakening and buyers are gradually entering the market.
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The last time this contractionary pattern appeared was in early August, when Pi Coin rose nearly 40% in just four days. If this trend continues without the red sell bar spiking again, PI may see a similar short-term rebound again.
Chaikin Money Flow (CMF), which measures the amount of large or institutional funds flowing into or out of an asset, further strengthens this positive setting.
Although the CMF briefly fell below zero, it is still well above its October 7 low and much stronger than its late August levels.
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This means that while small investors remain cautious (still indicated by the yellow Wyckoff bar), large traders are still quietly accumulating Pi Coin. Together, these signals reflect a slowdown in the decline and a slow recovery in buyer strength.
Bullish Divergence Signals Pi Coin Price Reversal Movement
On the 12-hour chart, Pi Coin price formed a bullish RSI divergence from September 23rd to October 10th. Prices have made lower lows, but the Relative Strength Index (RSI) has made higher lows, indicating that the downward momentum is losing momentum.
This type of divergence is usually associated with a trend reversal, but given PI’s past weak price history, a pullback is more likely.
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(RSI measures momentum from 0 to 100 and indicates whether an asset is overbought or oversold.)
At the time of writing, PI is trading at $0.201, located near the 0.236 Fibonacci retracement level. A 12-hour candlestick close above $0.205 could confirm a breakout attempt towards the next resistance level at $0.238, which would be around 18% upside from the current price.
If this trend holds, PI could extend its earnings towards $0.264 (about 31% higher) and even $0.290 (about 44% above current levels).
However, a fall below $0.184 could invalidate this rebound setup and push Pi Coin price further back to $0.153 depending on the overall market reaction.
