Pi Coin Rally Heats Up as Every Group Buys In – But a Risk Lurks Below $0.29

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At last, after a season of tedious stagnation, Pi Coin has stirred to life once more. This week, it leaped almost 32%, marking one of its finest performances in months. Traders are pinning their hopes on this rally as the beginning of something grand. But, hold on! Some Pi chart signals suggest that the rally might be as fragile as a soap bubble, unless it surmounts a critical level. No pressure, right?

Below the surface, however, a more intricate story unfolds, where confidence is building quietly, like the soft hum of a distant storm. The upcoming breakout, if it happens, could very well set the course for Pi’s fate in the coming weeks. Who’s ready for that rollercoaster?

A Quiet Confidence Builds Around The Pi Coin Rally

The momentum behind Pi Coin isn’t some wild fluke or the result of a few bored traders. Oh no, it’s coming from every corner of the market, like ants to a sugar hill.

The Smart Money Index (SMI), which tracks the activities of historically profitable or institutional wallets (you know, the big players), has surged since October 25. It recently crossed above its signal line for the first time in weeks. This could very well mean that the institutional big shots are dusting off their wallets after hiding them during the recent bear festival. A sign of cautious optimism, perhaps?

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The whales are starting to make their move, and that’s always an interesting signal. The Chaikin Money Flow (CMF), which tracks large inflows of cash (a.k.a. big money), recently flipped above zero for the first time since mid-September. The last time this happened, Pi Coin briefly surged before cooling off. But this time, with the CMF positive, it suggests that the whales are not swimming away from the shores of Pi Coin – they’re diving in.

Even retail traders are catching the scent of this Pi Coin rally and jumping in like last-minute party guests.

The Money Flow Index (MFI), a tool that measures both price and volume (basically the buying enthusiasm), has been showing higher highs since October 12. This signals consistent accumulation, as if people are stocking up for a potential feast. When you get smart money, whales, and retail traders all hopping onto the same train, it often means a well-timed, collective confidence is brewing before something big happens. Will this rally last, or will it be another flash in the pan? Time will tell.

But this quiet confidence is about to face its greatest test yet. Ah, the suspense!

Falling Wedge Faces a Defining Moment

On the daily chart, Pi Coin is currently trapped within the bounds of a falling wedge, a formation that’s known to lead to bullish reversals. On October 27, the price tested the upper boundary of this wedge at $0.29, but the sellers, like a pack of angry bees, rejected it. Yet, buyers have managed to regain their footing, keeping the rally alive. Just a few more steps and it could be a breakout… or another faceplant.

If Pi Coin can break and close above $0.29, it will confirm the breakout and pave the way toward $0.32, with $0.37 looming after that. However, the immediate obstacle is $0.28 – the first solid line of defense for the bears. If Pi breaks past this, we could see sentiment shift decisively in favor of the bulls. But it’s not a guarantee, so don’t get too excited just yet.

But, wait, here’s the kicker. Between August 9 and October 29, Pi’s price has been making lower highs while the Relative Strength Index (RSI), a momentum tool, has been making higher highs. This unusual divergence, called a hidden bearish divergence, typically signals that the downtrend still has some fight left in it. What’s that? A cautionary tale hidden beneath the optimism? Surely not.

Despite all this excitement, Pi Coin is still down 36.8% over the last three months, leaving the broader trend in bearish territory. If the price dips below $0.20, we could see the bullish scenario evaporate entirely, possibly dragging the price all the way to $0.18 or $0.15. Yikes.

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2025-10-29 10:52