Pi Coin at Critical Juncture: 14% Rally or 34% Collapse Hinges on Key Price Levels

Pi Coin (PI) is trading near $0.256 after a 6% gain in the last 24 hours, aligning with Bitcoin's rise despite a historical negative correlation of -0.36. The immediate resistance at $0.2591 is pivotal; a daily close above this level could break a triangle pattern and propel PI toward $0.29, representing a 14% increase. Conversely, a drop below $0.22 risks activating a head-and-shoulders pattern, potentially triggering a 34% decline to $0.19 or lower.

Technical indicators present mixed signals. The Relative Strength Index (RSI) exhibits hidden bearish divergence, with price forming a lower high between November 20-26 while RSI reached a higher high, indicating weakening upward momentum. The Chaikin Money Flow (CMF) remains subdued, reflecting limited institutional inflow despite recent price gains. Analysts note that PI must sustain momentum above $0.29 to invalidate bearish setups, but failure could see renewed selling pressure.