Pi Coin Hits New Lows, But Technicals Hint at Short-Term Rebound Ahead

Despite a 25% drop over the past month, Pi Coin shows early technical and social signals of a short-term bounce. Traders eye a return to $0.50 territory.

While most major cryptocurrencies continue to test new all-time highs, Pi Coin is moving in the opposite direction. The altcoin slipped another 1.2% in the last 24 hours, extending its monthly decline to nearly 25%. A fresh record low was registered just yesterday, sparking concern among investors — but also potential for a turnaround.

Despite the sustained downward pressure, some technical indicators now suggest that Pi Coin (PI) could be approaching a short-term bottom. One such metric is the Bull-Bear Power (BBP) gauge, which compares the day’s highs against a short-term moving average to assess the dominance of buyers or sellers.

After weeks of negative BBP readings, the indicator has started to recover, climbing steadily since August 1. This shift out of deep bearish territory mirrors a previous pattern observed between July 15 and 21, which preceded a bounce from $0.45 to $0.52. While not conclusive, the historical similarity gives bulls a reason for optimism.

In addition to technical momentum, social sentiment metrics are aligning with the possibility of a short-term reversal. Pi Coin’s social dominance — a metric that tracks the percentage of total crypto-related discussions focused on PI — has increased for three consecutive days from August 1 to 3. The last time this happened, mid-July, it marked a local bottom followed by a short-lived price surge.

The convergence of technical recovery and growing online interest does not guarantee an immediate rebound, but it does suggest bearish momentum may be weakening. Traders are watching closely to see if Pi Coin can regain traction and return to the $0.50–$0.52 range, where it last found resistance-turned-support.

That said, caution remains warranted. The broader market remains volatile, and Pi Coin has yet to establish a clear bullish trend. Still, for short-term traders, these early indicators may offer an opportunity — assuming price action confirms the shift.

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