Pi Coin Price Risks a Crash Under This Critical Level

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Pi Coin (PI) price is holding at $0.208 after slipping nearly 1% in the past 24 hours. The token is still down more than 53% over the past three months, struggling to keep up with broader market recoveries. While retail traders have stepped up buying, the charts show signs that PI’s bounce might not last. A mix of technical divergences and a bearish chart pattern hints that a critical level could soon be tested again. Sponsored Sponsored Retail Buying Stays Strong, But Momentum Points to Weakness Retail traders are showing resilience, as seen through the Money Flow Index (MFI) — an indicator that tracks buying and selling pressure using both price and volume. Between October 7 and October 14, Pi Coin’s price made a lower low (on the daily chart) while MFI formed a higher low. That’s a bullish divergence, meaning some dip-buying is happening even as prices fall. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. PI Coin Buyers Keep At It: TradingView However, the Relative Strength Index (RSI) — which measures the speed and strength of price changes — paints a very different picture on the same chart. Between October 6 and October 13, PI’s price made a lower high, while RSI climbed slightly higher. This is a hidden bearish divergence. And it often suggests that the broader downtrend is likely to continue despite short bursts of buying. Pi Coin Momentum Is Weakening: TradingView Sponsored Sponsored In short, the MFI shows that retail investors are trying to support the price, but RSI warns that momentum is still leaning bearish. This combination explains why Pi Coin has stayed stable for now, but with fading strength in the background. Head-and-Shoulders Pattern Signals Pi Coin Price Breakdown Risk While the daily Pi Coin price…