PI COIN PRICE OUTLOOK: Bullish Signs Emerge, Bounce Expected to Continue

The latest analysis for Pi Coin (PI) suggests the recent rebound is not over, with multiple bullish indicators signaling that buying momentum could extend the recovery into November.

I. Key Technical and Momentum Indicators

The short-term bullish outlook is based on a convergence of patterns across different timeframes: Hidden Bullish Divergence: The daily chart is displaying a hidden bullish divergence between October 30 and November 1. This occurs when the price makes a higher low while the Relative Strength Index (RSI) makes a lower low, signaling that sellers are losing control and the near-term uptrend is likely to continue.Golden Crossover Tease: The 4-hour chart is teasing a “golden crossover,” where the 50-period Exponential Moving Average (EMA) is nearing a cross above the 200-period EMA. This setup historically confirms growing bullish momentum.Retail Money Flow (MFI): The Money Flow Index (MFI), which tracks volume and price to measure inflows, is holding strongly above the neutral 50 line (currently around 58). As long as the MFI stays above 56.45, it suggests that retail traders are actively buying the dips, which is sustaining the bounce.

II. Critical Levels and Bullish Targets

The continuation of the rally is contingent on clearing immediate resistance levels: Immediate Resistance Level: The first major resistance sits at $0.255. A clean daily close above this level is necessary to confirm the next leg up.Short-Term Target: Clearing $0.255 could push Pi Coin toward $0.270, an 8.4% move from current levels.Long-Term Bullish Targets: If that range is broken, the next extended upside targets are $0.293, followed by $0.340 and $0.376.Key Support Level: The bullish setup remains intact as long as the price holds above $0.243 in the short term, with a major support floor at $0.194.

III. Conclusion: Momentum Continuation

The strong confluence of a hidden bullish divergence, an imminent golden crossover, and sustained retail money inflows suggests Pi Coin’s bounce has room to run. The immediate challenge is securing a daily close above $0.255 to unlock the higher targets.

IV. Disclaimer

This article is for informational purposes only and is based on third-party analyst commentary and technical analysis. The views expressed do not constitute financial, investment, or trading advice. The cryptocurrency market is highly volatile and speculative. Readers must conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions.