Pi Network (PI) Price Prediction: 3 Key Bullish Patterns Forming, Pi Coin Displays Early "Reversal" Signs

Pi Network (PI) has failed to emerge from a sluggish market, today (29th) reporting a price of 0.4411 USD in the Asian early session. However, with the formation of three key bullish patterns, the price movement of Pi coin shows early signs of reversal. OBV confirms the increasing accumulation, while RSI divergence suggests that bearish pressure is weakening.

PI coin based on volume confirmation: OBV starts to transform

The On-Balance Volume (OBV) indicator shows early signs of bullish intent. From July 13 to 22, the price of Pi coin surged significantly. The OBV indicator also reflected this price movement, setting higher highs.

The synchronization of price and trading volume indicates that the price rise is not a fleeting phenomenon; actual buying volume supports this trend.

However, this strength still needs to be verified. To confirm the continuation of the trend, OBV must break through the previous peak of 1.57 billion USD. Higher highs in OBV will indicate ongoing accumulation, thereby strengthening the possibility of a broader bullish reversal.

OBV is an indicator based on cumulative trading volume. Volume increases on bullish trading days and decreases on bearish trading days. When it follows a price rise, it confirms bullish confidence. When it flattens or diverges, the momentum becomes questionable. Currently, OBV is rising but has not yet broken through.

(Source: Trading View)

Pi coin's RSI divergence is consistent with OBV momentum

The Relative Strength Index (RSI) also shows signs of recovery. Although the PI price continues to set new highs, the RSI has been in a rise trend. This bullish divergence indicates that the bearish pressure is weakening; a divergence has occurred between price and potential strength.

That said, to solidify this signal, the RSI must break above the 52 level. A closing above the 52 level indicates that the bullish momentum is not just brewing but is breaking through. Before this, the divergence remains optimistic but has yet to be confirmed. A break above the 52 level means that two higher highs are forming, signaling a reversal bullish momentum.

RSI tracks momentum by comparing recent pumps and falls. Divergence between RSI and price, especially near major support areas, often signals a trend reversal.

(Source: Trading View)

Pi coin candle confirmation: Inverted hammer adds weight to price reversal

The last bullish signal comes from the K-line pattern. On July 28, the Pi coin formed a green inverted hammer line, with a smaller K-line body close to the low point and a longer upper shadow, suggesting a breakout or a failed test of the resistance level. This pattern typically appears after a downtrend, indicating a potential bullish reversal, but only if the subsequent K-line movements are strong.

Despite buyers significantly pushing up prices during the session, they failed to maintain the pump. However, the closing price being higher than the opening price (green body) shows some intraday strength. What is important now is to confirm: a solid green candle that breaks above the high of the previous candle. Without confirmation, this is still just a potential reversal, not a guaranteed reversal.

This is not the first time that the PI coin has exhibited this behavior; a similar situation occurred on July 18, when it rose sharply from $0.439 to $0.521 within four trading days.

(Source: Trading View)

What will be the price movement of Pi coin next?

Bullish Triad - OBV rise, RSI divergence, and inverted hammer candlestick - indicates a potential reversal. But confirmation remains key. If Pi coin price breaks through the 0.47 USD barrier (0.5 Fibonacci retracement level), it is expected to test 0.52 USD again.

On the other hand, if the closing price falls below 0.44 USD (which is the 0.786 Fibonacci extension), this bullish structure will become invalid. Before that, traders may want to remain vigilant and wait for confirmation before becoming too aggressive in their positions.

(Source: Trading View)