Pi Coin Slides 28% From November Peak — Are Charts Signaling a Turnaround?

Pi Coin has been under steady pressure since late November. After topping out near the end of the month, price has dropped around 28%, wiping out most of its prior gains. Losses are now about 8.6% over the past week and more than 40% over the last three months.
That said, recent chart signals suggest something may be changing beneath the surface. Selling momentum is starting to cool, raising the question: is Pi Coin preparing for a bounce, or is this just a temporary pause?

Momentum Is Cooling, But Confidence Is Missing
On the daily chart, Pi Coin has printed a hidden bullish divergence between November 4 and December 11. Price formed a higher low while the RSI made a lower low. This pattern often hints that bearish momentum is fading, even if price hasn’t reacted yet.
Such divergences typically appear near the end of strong pullbacks. They don’t guarantee a reversal, but they often come before short-term rebounds as sellers lose strength.
However, volume tells a more cautious story.
The Chaikin Money Flow (CMF) remains below zero and near a descending trendline. This indicates that large buyers are still on the sidelines. In simple terms: selling pressure is easing, but strong accumulation hasn’t started yet.
As long as money flow stays weak, any upside move remains vulnerable. If CMF breaks lower instead of turning up, even the rebound setup could fail.

Key Price Levels to Watch
Pi Coin is now at a crucial crossroads.

$0.222 is the first level bulls must reclaim. Holding above it would signal renewed buyer interest and open the door for a move toward $0.244 and $0.253, assuming market conditions cooperate.

A true trend reversal would only come into play above $0.284, the late-November high — which remains distant for now.

On the downside, $0.203 is critical support. A daily close below this level would weaken the rebound outlook and likely trigger another leg lower.

For now, the setup favors a possible rebound, not a confirmed reversal. The signal strengthens only if price pushes higher and CMF starts rising toward zero. Without that confirmation, rallies may struggle to hold.