PI Coin Signals Recovery Setup as Fibonacci Day Approaches: Technical Indicators Align for Potential Rebound

Market Sentiment Shifts After Recent Selling Pressure

Pi Network (PI) has recently experienced downward pressure, with the price currently hovering around $0.19, reflecting a -7.24% decline over the past 24 hours. The weakness below the $0.200 psychological level sparked concerns among traders about sustained selling. However, emerging technical signals suggest the narrative may be changing. Market participants are increasingly attempting to establish support and reverse the downtrend that has dominated recent trading sessions.

Capital Inflows Confirm Buyer Conviction

The clearest signal of shifting market dynamics comes from the Chaikin Money Flow indicator. Earlier outflows that characterized the early part of the month have reversed into net inflows during recent trading. The CMF has moved above the zero line, marking a significant change in capital positioning. This upturn reflects renewed buying activity from Pi Coin holders who appear to be taking advantage of depressed prices. Sustained capital inflows are critical for validating any recovery attempt, as genuine rebounds require consistent buying pressure rather than temporary speculative moves.

MACD Crossover Signals End to Bearish Phase

Technical momentum is improving as well. The Moving Average Convergence Divergence has formed a bullish crossover, with the MACD line crossing above its signal line. This development marks an important turning point, ending nearly three weeks of bearish momentum that had kept traders cautious. When coupled with the improving capital flow picture, this technical setup suggests buyers are regaining confidence and attempting to establish control over price action at current levels.

Fibonacci Levels Define Recovery Targets

PI currently trades just below the $0.213 level, which corresponds to the 23.6% Fibonacci retracement—a technically significant confluence zone. Reclaiming and holding this level as support would be crucial for confirming a recovery structure. In uptrend scenarios, maintaining Fibonacci support often signals sustained buying commitment. Should PI close above this critical threshold, bulls could target $0.224 as the next resistance, with room for additional gains if buying momentum accelerates during fibonacci day and beyond.

Managing Downside Scenarios

While the setup appears promising, risks persist. If selling pressure resurfaces, PI could face immediate resistance below the $0.207 level. Breaking through would expose $0.199 as the first support floor, with $0.188 providing secondary support further down. Losing these levels would invalidate the bullish thesis and suggest the decline remains intact, requiring traders to reassess their positions.