Pi Coin Shows Remarkable Resilience Amid Market Drop — What’s Next for PI Price?

Pi Coin (PI) has shown impressive strength as the broader crypto market saw a sharp correction of over 3%. While major cryptocurrencies like Bitcoin, Ethereum, and BNB declined between 3% and 12%, Pi Coin’s price dipped just 1.5% in the past 24 hours, signaling resilience and growing investor interest. However, traders now face mixed technical indicators that hint at uncertainty in PI’s next move.

Currently trading near $0.21, Pi Coin’s chart reveals conflicting signals. The Money Flow Index (MFI) — which measures buying and selling pressure — has been climbing even as PI made lower lows between August 1 and October 9. This bullish divergence suggests that, despite price declines, new capital has quietly entered the market, indicating gradual accumulation by retail investors.

Conversely, the Relative Strength Index (RSI) shows a hidden bearish divergence between October 6 and 13, with RSI rising while prices made lower highs. This indicates weakening momentum, hinting that any short-term recovery might face resistance before confirming a sustained uptrend.

Structurally, PI is trading within a falling wedge pattern, often considered a bullish setup. A confirmed breakout above $0.29 on the daily chart could trigger renewed buying interest, potentially driving prices toward $0.24–$0.25 initially, and possibly $0.29 if momentum strengthens. On the downside, strong support lies at $0.18 and $0.15 — and a close below $0.15 would invalidate the bullish setup, opening the door for further losses.

For now, Pi Coin remains one of the few cryptocurrencies outperforming the market. Whether the ongoing accumulation leads to a breakout or fading momentum extends the pullback, the next move will likely depend on whether the falling wedge resolves to the upside or breaks lower.