The two charts show that the bullish trend of Pi Coin has not yet stopped.

TapChiBitcoin
PI-3,4%

The recovery of Pi Coin is surprising many investors. Over the past week, the price has increased by 17.3%, thereby reducing the monthly loss to just 5.4%. In fact, in the last 24 hours, Pi Coin has continued to record a slight increase of about 0.6%.

The current market context indicates that the prospects for this recovery trend may continue to expand. Let's analyze the technical factors to understand the growth potential of Pi Coin in the near future.

The driving force of the price increase is clearly reflected on the daily and 4-hour charts.

The first sign of strength comes from the daily chart. From October 30 to November 1, the price of Pi Coin established higher lows, while the Relative Strength Index (RSI) — a tool for measuring buying and selling pressure on a scale of 0-100 — created lower lows. This divergence, known as “hidden bullish divergence”, often indicates that selling pressure is weakening and the short-term uptrend is likely to continue.

Is the price of Pi Coin still rising? Two price charts show the reasonsPi Coin shows an upward price trend (daily time frame) | Source: TradingViewThe RSI model on the daily chart is also similar to the movement on the 4-hour chart. The 50-period Exponential Moving Average (EMA) is approaching a crossover above the 200-period EMA.

Is the price of Pi Coin still not stopping? Two price increase charts show the reason4-The chart shows a bullish crossover | Source: TradingViewThis is the “golden crossover” signal that traders often see as a sign of increasing growth momentum. If this crossover materializes, confidence in the short-term recovery potential of Pi Coin will be further reinforced.

Retail capital flow maintains its vibrancy

An important factor helping the price of Pi Coin maintain its upward momentum is the active participation of retail investors. The Money Flow Index (MFI) — which combines price and trading volume to measure buying and selling pressure — has consistently established higher peaks since October 24.

Is the price of Pi Coin still not stopping? Two price increase charts show the reasonRetail investors are still actively participating | Source: TradingViewAfter a slight decline on October 29, the MFI has recovered, reflecting new capital continuing to flow into the market. Currently, this index is at around 58, surpassing the neutral mark of 50. As long as the MFI remains above 56.45 and does not create a lower low, this indicates that investors are still actively buying during price corrections, contributing to the continued recovery momentum of Pi Coin.

Important price milestones to note

On the Pi Network price chart, the first important resistance area is at $0.255. If the price closes above this level, Pi Coin could advance to the $0.270 area, which represents an increase of 8.4% from the current price. If this level is surpassed, the next targets will be $0.293, $0.340, and $0.376 for further expansion growth phases.

On the contrary, the level of $0.21 is the first important support area. If the price falls below this threshold, $0.194 will be the final “stronghold”. However, if $0.194 is breached, the current upward trend will be broken, and Pi Coin may face a deep correction towards the area of $0.153.

Is the price of Pi Coin still not stopping? Two price increase charts show the reasonPi Coin price analysis | Source: TradingViewCurrently, momentum indicators and cash flow from retail investors are still supporting the recovery of Pi Coin. However, to maintain this trend, the price needs to stay above $0.243 and soon break through the resistance level of $0.255 in the coming days.

Mr. Giáo

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