Pi Coin Bears May Be Slowing Down—Can Bulls Sneak in a Rebound?

Pi Coin price has dropped over 10% this past week and is now hovering near $0.35 — a level dangerously close to its all-time low. While the downtrend still holds, a few short-term signals now suggest Pi Coin may be ready for a small rebound.

Some early signs of buyer interest are building beneath the surface, and if that interest continues, the Pi Coin bears might just lose control, at least temporarily.

Money Flow Index Shows Quiet Bullish Divergence

The Money Flow Index (MFI) on the daily chart has flashed a subtle but important signal. While Pi Coin price formed a lower high, the MFI registered a higher high, creating a mild bullish divergence.

Last time this happened, between August 3 and August 9, the PI price bounced from $0.32 to $0.46, nearly a 30% surge in a matter of days.

Pi Coin sees buying pressure: TradingView

Currently, MFI remains below the 40 mark. But if it crosses above 40 in the coming days, that would establish two consecutive higher highs. If confirmed, this could be the first sign that sellers are starting to pull back.

The Money Flow Index combines price and volume data to track buying and selling pressure. A rising MFI during falling prices often hints that accumulation is ongoing.

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Bears Still in Control, But Losing Steam

While Pi Coin bulls aren’t winning yet, the Bull-Bear Power (BBP) indicator on the 4-hour chart suggests bears are tiring. Momentum on the sell side has weakened compared to earlier cycles, where bearish strength was built aggressively.

Pi Coin bears might be slowing down: TradingView

This drop in bearish intensity doesn’t confirm a reversal. But it does imply that if Pi Coin bulls push at the right levels, there’s now room to squeeze a rebound, especially with momentum looking less one-sided.

A similar weakness in the bearish momentum was seen in early August, a move that aligns with the rising MFI and a near 30% price surge, as highlighted earlier.

BBP measures the strength of bulls vs. bears in real time. A slowdown in bearish momentum during a downtrend often leads to relief rallies, even if they are short-lived.

Pi Coin Price Levels to Watch

Right now, the Pi Coin price is trading around $0.35, holding just above key support. This support zone has already been tested multiple times. If sellers break through, a clean move below $0.32 could open up new lows fast.

Pi Coin price analysis: TradingView

But if the current level holds and bullish pressure picks up, short-term targets become visible:

• $0.38 – Immediate resistance and first test
• $0.41 – Mid-level breakout confirmation
• $0.46 – Same level as the last rebound top in early August

An MFI higher high setup also triggered the last Pi Coin price surge, which is very similar to what’s building now.

So, while Pi Coin’s long-term structure remains weak, the current combination of falling bearish strength and rising buying interest might let bulls sneak in a rebound, at least while the bears pause for breath. But then, watching out for the $0.32 level is important.