The price of Pi Coin is rising, but the chart currently shows 3 warning signs — Is it about to fall?

Although the price of Pi Coin has recorded an increase of about 9% in the past month, short term signals are indicating that this trend may be slowing down. Currently, PI is trading around $0.226, showing almost no movement in the past 24 hours. This stability may reassure many traders, but technical indicators are warning that the recovery from the $0.209 level may be gradually running out of steam.

These initial signals indicate that the risk of a downward adjustment will emerge if the buying force does not soon regain its advantage.

Three technical signals warning of weakened recovery momentum

Bearish Engulfing (

On the daily chart of Pi Coin, a bearish engulfing candle pattern has just appeared - when a red candle completely engulfs the previous green candle. This is a typical sign indicating that selling pressure has returned to take control of the market after the buying side has lost momentum.

![The price of Pi Coin is rising, but the chart currently shows 3 warning signs — Is it about to drop?])https://img-cdn.gateio.im/webp-social/moments-43be08848b4aef736746cae7b6300ae7.webp(Main candlestick patterns | Source: TradingViewIn fact, every time this pattern has appeared since October 21, the price of PI has experienced significant drops, at times reaching 8–20%.

) OBV indicator ### On-Balance Volume ( breaks the uptrend

OBV is a tool that reflects the actual cash flow into and out of tokens. During the period from November 14 to November 18, OBV consistently created higher lows alongside the price, indicating that real buying power supported the recovery. However, OBV has now broken the upward trend line that had supported it for many days.

![Pi Coin price increases but the chart currently shows 3 warning signs — About to drop?])https://img-cdn.gateio.im/webp-social/moments-f8c9c35c8cf7da86b048ceeaedff9032.webp(The trading volume of Pi Coin has decreased significantly | Source: TradingViewIf the OBV drops below –1.36 billion, this will confirm a new lower volume bottom – a sign leaning heavily towards the sellers. Typically, this occurs when buying pressure weakens and sellers regain absolute control.

) Hidden bearish divergence on the RSI indicator

RSI measures the market's buying strength. From 16/11 to 18/11, the price of PI formed lower highs while the RSI formed higher highs – a phenomenon known as hidden bearish divergence. This is a sign that a larger downtrend still prevails and often occurs just before the market enters the next downward phase.

![The price of Pi Coin is rising, but the current chart shows 3 warning signs — Is a decline imminent? ]###https://img-cdn.gateio.im/webp-social/moments-118b18ae02722f09966ec055160bda5b.webp(Hidden price divergence | Source: TradingViewCombining all three signals, it can be seen that the recent recovery momentum of Pi Coin is still within a larger downtrend structure, not convincing enough to reverse the trend.

Important price levels to watch

If the market enters a deeper correction phase, the first support level that PI needs to maintain is $0.219. Staying above this price range will help keep hope for a recovery. On the contrary, if this level is lost, the price may continue to retreat to $0.209 – the price base that initiated the most recent recovery.

On the contrary, to negate the negative signals and confirm a return to an upward trend, PI needs to surpass the resistance level of $0.230 and then $0.236 with large trading volume. Only then will the short term trend shift to a clearly positive one.

Although the price of Pi Coin remains in the green on the monthly chart, recent technical developments suggest that investors should be cautious. The indicators all reflect an increasing weakness, and if PI does not soon conquer key resistance areas, the scenario of a downward adjustment will become even clearer.

Mr. Teacher