While the rest of the encryption market is looking for coins that pay their levels at all, the price of PI Coin (PI) was busy doing the opposite, and got its lowest fresh levels, one by one. The PI code decreased by 1.2 % over the past 24 hours, and about 25 % during the past month. The newest level ever? Only yesterday.
However, some technical signals now indicate that the price of PI may approach a short -term reflection. It can be the designated deviation point on the graph, associated with poor pressure and increased feeling, the turning point.
The bears lose its edge with the transformations of the bulls
The sellers had a firm control over the PI direction for weeks. That is why the bull’s strength index (BBP) is currently important. When the Habudiya force begins to fade after an extended declining direction, it can often indicate that sellers run out of steam.
This is what the graph started to appear. BBP has risen since August 1, as it turned from a deep negative area to a less aggressive edition, similar to what happened between 15 and 21 July. At that time, the dull momentum has already moved from $ 0.45 to $ 0.52.
The Taurus Energy Index tracks the difference between the highest price and a short -term moving average to show whether bulls or bears are currently controlling.
Support this is social domination, which measures the amount of encryption conversation around PI. Between 1 and 3 August, the social dominance of PI formed a series of levels for three days, just as it did between 15 and 23 July. This extension earlier is in line with the local price bottom and led to that increase to $ 0.52.
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The alignment of feelings and the weakness of the decline now adds to the idea that the price of PI may prepare for another leg.
RSI shows the upscale difference, but the price of PI needs to respond
The RSI is currently at 23.37, indicating the sales lands. But behind the number, the pattern that is more important.
The PI price recently made higher, while the relative strength indicator is low. This preparation is known as the hidden upscale difference, and it is often seen before the local bottoms.
At first glance, it may seem to fall down. But when the price does not follow it, this is usually a sign that the negative momentum weakens, even with the sellers trying to pay. It shows that the width pressure fails to withdraw the price, which can be a bottom signal.
However, this type of RSI difference alone does not confirm an apostasy, especially when the price of PI Coin decreases. It is like a hidden early mark.
Therefore, the price needs to move through resistance.
RSI is the momentum that tracks the speed and change of price movements. Readings often indicate excessive assets with the possibility of reflection.
The PI price should scan $ 0.369 to indicate the signal
COIN PI is currently trading about $ 0.35. Based on the spread of Fibonacci, the highest level on July 22 ($ 0.52) to July 31 ($ 0.32), the following main resistance is located at $ 0.36, followed by $ 0.39 and $ 0.42.
The daily closure over $ 0.39 will be the first sign that the bulls have returned to control. But if the PI decreases to less than $ 0.32, the upper diverge setting will nullify, and the trend may continue to decrease.
Until then, the PI Coin scheme may still be heavy, but for the first time in weeks, there is a reason for the belief that its course may turn. However, this potential transformation should be supported by an improvement in the relative strength index (perhaps higher or less) and an additional decrease in the declining pressure.
The post -PI life can become easier if one of the first major divergences appears on Beincrypto.
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2025-08-04 07:30:00
