Pi coin price prediction: After hitting new lows, a rebound signal emerges! Technical indicators show that an oversold rebound opportunity is coming.

As mainstream Crypto Assets hit historical highs, the price of Pi coin (PI) continues to decline, falling 1.2% in the past 24 hours and nearly 25% over the past month, reaching a new historical low yesterday. However, multiple technical indicators are signaling a short-term bottoming out — bearish momentum is weakening, community enthusiasm is recovering, and there is a hidden bullish divergence in the RSI, suggesting that the dominance of short positions may be approaching a turning point. If the PI price can effectively break through the key resistance at $0.369, it is expected to trigger an oversold rebound.

【Counter-Trend Bottom Hunting: PI Price Continues to Face Pressure】 The performance of Pi coin (PI) has recently diverged from the overall crypto market, with prices continuously hitting historical lows. It has fallen by 1.2% in the past 24 hours and has accumulated a decline of nearly 25% over the past 30 days, consistently underperforming the Crypto Assets market index. This independent downtrend highlights the market's lack of confidence in the project, but the technical indicators are brewing an opportunity for a trend reversal.

[Bull-Bear Strength Conversion: Bull-Bear Indicator (BBP) Emits Short Positions Exhaustion Signal] The long-standing short positions control situation shows initial signs of loosening, and the key indicator Bull-Bear Power (BBP) has sent positive signals:

(PI price and bearish strength weakening: TradingView)

• Short positions momentum weakening: Since August 1, the BBP has continued to recover from a deeply negative area, with a pattern highly similar to that of July 15-21 (the night before the rebound). At that time, after the BBP strengthened, the PI price rebounded from $0.45 to $0.52.

• Community Consensus Rebounds: From August 1 to 3, the Social Dominance of PI on-chain social volume has risen for three consecutive days, replicating the pattern observed from July 15 to 23 (when prices hit a temporary bottom). The community enthusiasm warming resonates with the weakening of short positions, strengthening the rebound expectations.

  

  (Source: Santiment)

【RSI Reveals Hidden Divergence: Oversold Zone Conceals Reversal Potential】 The Relative Strength Index (RSI) currently reports 23.37, deeply into the oversold area (<30), but more importantly, it has formed a divergence structure with the price:

(Source: TradingView)

• Hidden Bullish Divergence: Recently, the PI price has formed "higher lows," while the RSI has created "lower lows." This divergence indicates that despite the short positions trying to push down, the price's downward momentum is actually weakening, and the supply pressure can no longer drive new lows.
• Price Confirmation Required: Such divergences are only early warning signals and require a substantial breakthrough of the resistance level for confirmation. If the RSI can subsequently form "higher highs" or "higher lows", it will enhance the credibility of the reversal.

[Key Resistance Level: $0.369 as the Bull-Bear Watershed] Based on the Fibonacci retracement levels (drawn from the July 22 high of $0.52 to the July 31 low of $0.32), the PI price breakout path is clear:

1. Immediate resistance: $0.369 (Fibonacci 0.236 level) —— A daily close above this price will initially confirm the return of bullish sentiment.
2. Key target levels: $0.39 → $0.42 (Fibonacci 0.382/0.5 level) — A breakout above $0.39 will open up more room for a Rebound.
3. Risk defense line: $0.32 — If it falls below the previous low, the bullish technical structure will fail, and the downward trend may continue.

Conclusion: Although the price chart of Pi coin still appears weak, the shift in the Bull and Bear Power indicator, the warming community enthusiasm, and the RSI hidden bullish divergence create three positive signals, injecting a long-awaited rebound hope into the continuously declining PI market. Investors need to closely monitor the defense results at the $0.369 resistance level—an effective breakout of this position will validate the technical reversal logic, pushing the price to rebound towards the $0.39-0.42 range; conversely, if it loses the previous low of $0.32, it means that short positions still dominate absolutely. The current bottoming process requires volume support and further improvement of indicators as backing, and short-term traders can rely on key levels for swing trading.