Pi Coin Price Prediction: Smart money, Whale, and retail investors work together to drive a 32% rise, follow the 0.29 USD resistance level.

After several months of silence, the price of Pi Coin suddenly surged nearly 32% this week, marking its best performance in months. This strong pump of Pi Coin is not accidental; on-chain data shows that smart money, Whales, and retail investors are entering the market simultaneously, boosting market confidence together. However, there is still a hidden bearish RSI divergence signal on the daily chart. Analysts warn that unless the price of Pi Coin can decisively break through the key resistance level of $0.29 and hold the core support, the structure of this rise may still be fragile.

Market Sentiment Shift: Bullish Forces are Building Up Confidence

The surge in Pi Coin's price is not an isolated event, but rather stems from the quiet rebuilding of confidence among various market participants. Multiple on-chain indicators and market tools suggest the depth and breadth of this rising momentum:

1. Smart Money Index - SMI ( rises: SMI tracks the activities of historically profitable institutions or professional wallets. Since October 25, this index has risen significantly and has first broken through its signal line, indicating that large investors who have been observing during the recent fall are re-entering the market.
2. Chaikin Money Flow )CMF( turning positive: CMF is used to measure the inflow of large funds. This indicator has turned positive for the first time since mid-September, indicating that Whale investors are allocating capital to Pi Coin rather than cashing out.
3. Capital Flow Indicator ) Money Flow Index - MFI ( Continues to Rise: MFI combines price and trading volume to measure buying pressure. Since October 12, MFI has been making higher highs, indicating that the trend of retail investors accumulating is consistent and persistent.

When the signals from smart money, whales, and retail investors align consistently, it usually indicates that the market is in a stage of building coordinated confidence before a strong price action breakout.

Key Technical Pattern Analysis: The Descending Wedge Faces a Decisive Moment

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(Source: TradingView)

From the daily chart, the price of Pi Coin is currently in a falling wedge technical formation. The falling wedge is often considered a bullish reversal signal.

On October 27, the price of Pi Coin briefly tested the upper boundary of the wedge at $0.29 but fell back after encountering selling pressure. Buyers quickly regained their footing, ensuring the integrity of the Pi Coin pump structure.

• Breakout point: If Pi Coin can decisively break through and close above 0.29 USD, it will confirm the breakdown of the falling wedge, opening up space for further rise.
• Short-term target: After confirmation of the breakout, the price may quickly challenge 0.32 dollars and further look towards 0.37 dollars.
• Immediate resistance: Currently, the first significant resistance level is at $0.28. Breaking through this area will aid in a decisive shift in bullish sentiment.

Hidden Risks: Bearish Divergence Signals and Support Levels

Despite the warming market sentiment, there are still risks lurking in the technical aspects. From August 9 to October 29, although the price of Pi Coin has been creating lower highs, its Relative Strength Index )RSI(, a momentum tool that measures buying and selling strength, has been making higher highs. This mismatch is referred to as Hidden Bearish Divergence.

Hidden bearish divergence often indicates that the existing downtrend may still have some unspent momentum. Additionally, Pi Coin has fallen by 36.8% in the past three months, and the broader trend currently remains bearish.

Key support level: If the price falls below $0.20, it will completely invalidate the current bullish setup and could drag the price down to $0.18 or even $0.15. Investors should view $0.20 as a lifeline to gauge whether this round of Pi Coin pump is sustainable.

Conclusion

The significant rebound in Pi Coin's price, along with the synchronized entry of smart money and Whales, provides optimistic reasons for the bulls. However, the sustainability of this rapid rise will depend on whether it can effectively break through the key technical resistance and successfully mitigate the hidden bearish divergence risk. When participating in the Pi Coin pump market, investors should remain vigilant, using the breakthrough of $0.29 and the maintenance of $0.20 support as core observation indicators.