Pi Coin price is still up about 9% over the past month, but the short-term picture has started to soften. PI trades near $0.226 today, almost flat over the past 24 hours. Traders may see this as stability, but the charts are flashing several signs that the rebound from $0.209 may be running out of steam.
These early signals suggest a pullback could come unless buyers regain control.
Chart Signals Hint At A Weakening Bounce
The first sign comes from a bearish engulfing pattern that formed on the daily Pi Coin chart. A bearish engulfing appears when a red candle fully covers the previous green candle. It often shows that sellers have regained control after buyers lose momentum.
Each time this pattern has appeared on Pi Coin since October 21, the price has dropped sharply, sometimes by 8% and sometimes by as much as 20%.
Key Candlestick Patterns: TradingView
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The second sign comes from the on-balance volume (OBV) indicator. OBV helps show whether real money is flowing into or out of a token.
Between November 14 and 18, OBV made higher lows while the price also made higher lows. That showed real buying support during the bounce. But OBV has now broken below the rising trend line that has supported it for days. If OBV falls under –1.36 billion, it will confirm a lower low on volume, which is already sell-biased. That shift usually happens when buyers lose strength and sellers take over, completely.
Pi Coin Volume Takes A Hit: TradingView
The third sign is a hidden bearish divergence on the Relative Strength Index (RSI). RSI measures buying strength.
Between November 16 and 18, the price made a lower high while the RSI made a higher high. This pattern is called hidden bearish divergence. It signals that the broader downtrend may still be in control and usually appears just before the next leg down in an ongoing downtrend.
Hidden Bearish Divergence Flashes: TradingView
Together, these three signals show that Pi Coin’s recent bounce still sits inside a bigger downward structure.
Pi Coin Price Levels That Matter Now
If a deeper pullback starts, the first key level PI must protect is $0.219. Holding above this level keeps the bounce alive. Losing it opens the way toward $0.209, which is the base where the last rebound began.
If buyers want to invalidate the bearish signs, PI needs to reclaim $0.230 and then break $0.236 with strong volume. Only then would the short-term trend flip back to positive.
Pi Coin Price Analysis: TradingView
Pi Coin price is still green on the monthly chart, but the latest structure suggests traders should stay cautious. The indicators show rising weakness, and unless PI clears its resistance soon, the pullback zone may come into play.
