Bullish divergence and strong community sentiment suggest Pi Network may rally soon | Credit: Hameem Sarwar
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Key Takeaways
The 4-hour chart shows a bullish MFI divergence for PI’s price, hinting at rising inflows.
Sentiment data shows 88.6% of traders remain bullish, reflecting optimism for a rebound.
A potential double-bottom setup on the daily chart could spark a move toward $0.40 or $0.50.
The Pi Network (PI) price has attempted several breakouts, but each effort has failed, keeping the cryptocurrency from climbing to $1.
According to recent data, bullish sentiment around PI remains strong. At press time, the PI crypto price trades at $0.35.
The big question is: Will this optimism in the market finally translate into real price action? In this analysis, we break down the outlook for PI.
Pi Network to Reverse Trend
On the 4-hour chart, CCN observed a bullish divergence in PI’s price action. While the PI crypto price continued to trend lower, the Money Flow Index (MFI) moved higher.
This divergence signals that capital inflows were rising despite the market value slipping.
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Bullish divergences like this are considered early reversal signals. They indicate that selling pressure may weaken, while fresh demand is quietly entering the market.
If sustained, this could catalyze PI’s breakout of its current downtrend. However, buyers must sustain this momentum for PI to retest its immediate resistance levels.
If bulls succeed, the cryptocurrency is less likely to slip into another correction.
Instead, the PI crypto price could break out of its consolidation phase and move toward $0.40, with the next key resistance at $0.50.
Amid this setup, community sentiment appears strongly in PI’s favor. Data from CoinMarketCap shows that bullish sentiment has climbed to 88.6%, reflecting overwhelming optimism among traders.
Such a high reading suggests that market participants widely expect a rebound, which could fuel short-term demand. However, it also raises the risk of disappointment if the PI price action fails to follow through.
PI Price Analysis: Major Run Ahead
On the daily chart, PI remains in a clear downtrend. However, the PI crypto price action also appears to be forming a double-bottom pattern, a setup that confirms the potential for a bullish reversal.
If confirmed, this pattern could mark the point where sellers lose steam and buyers begin to regain control, giving PI a chance to break out of its bearish structure.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
