Pi Coin is exhibiting signs of a potential hidden bullish divergence in its technical indicators despite facing increased sell pressure from rising exchange reserves. Market data reveals net inflows to major centralized exchanges, signaling heightened volatility risks as bearish sentiment persists through negative funding rates.
Technical analysis indicates weakening selling pressure through a hidden bullish divergence pattern in the Relative Strength Index (RSI). This contrasts with bearish signals from the Elder Ray Index, creating a complex market environment with conflicting indicators.
Critical resistance levels for Pi Coin are identified at $0.4797 and $0.5152. A decisive break above these thresholds could open upside potential toward the $0.60 price region. Conversely, the $0.4035 support level remains crucial – any sustained breach would invalidate the bullish divergence pattern and potentially trigger further downward movement.
The current technical setup reflects a market stalemate, with traders closely monitoring these key price levels for directional confirmation amid mixed signals across indicators.