Life of Pi Coin Could Get Easier If One Key Divergence Plays Out
The post Life of Pi Coin Could Get Easier If One Key Divergence Plays Out appeared on BitcoinEthereumNews.com. While the rest of the crypto market searches for coins pushing all-time highs, the Pi Coin (PI) price has been busy doing the opposite, notching fresh lows, one after another. The PI token is down 1.2% in the past 24 hours, and nearly 25% over the last month. The latest all-time low? Just yesterday. However, some technical signals now indicate that the PI price may be approaching a short-term reversal. One particular divergence on the chart, paired with weakening sell pressure and rising sentiment, could be the turning point. Bears Losing Their Edge as Bull-Bear Power Shifts Sellers have had firm control over PI’s trend for weeks. That’s why the Bull-Bear Power (BBP) indicator is important right now. When bearish strength starts fading after an extended downtrend, it can often signal that sellers are running out of steam. That’s what the chart is beginning to show. BBP has been rising since August 1, shifting from a deeply negative zone to a less aggressive print, similar to what happened between July 15 and 21. Back then, the fading bearish momentum preceded a move from $0.45 to $0.52. PI price and weakening bearish strength: TradingView The Bull-Bear Power indicator tracks the difference between the highest price and a short-term moving average to show whether bulls or bears are currently in control. Supporting this is social dominance, which measures how much of the crypto conversation is about PI. Between August 1 and 3, PI’s social dominance formed a three-day streak of higher highs, just like it did between July 15 and 23. That earlier stretch aligned with a local price bottom and led to that surge to $0.52. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Pi Coin price and…
The post Life of Pi Coin Could Get Easier If One Key Divergence Plays Out appeared on BitcoinEthereumNews.com.
While the rest of the crypto market searches for coins pushing all-time highs, the Pi Coin (PI) price has been busy doing the opposite, notching fresh lows, one after another. The PI token is down 1.2% in the past 24 hours, and nearly 25% over the last month. The latest all-time low? Just yesterday. However, some technical signals now indicate that the PI price may be approaching a short-term reversal. One particular divergence on the chart, paired with weakening sell pressure and rising sentiment, could be the turning point. Bears Losing Their Edge as Bull-Bear Power Shifts Sellers have had firm control over PI’s trend for weeks. That’s why the Bull-Bear Power (BBP) indicator is important right now. When bearish strength starts fading after an extended downtrend, it can often signal that sellers are running out of steam. That’s what the chart is beginning to show. BBP has been rising since August 1, shifting from a deeply negative zone to a less aggressive print, similar to what happened between July 15 and 21. Back then, the fading bearish momentum preceded a move from $0.45 to $0.52. PI price and weakening bearish strength: TradingView The Bull-Bear Power indicator tracks the difference between the highest price and a short-term moving average to show whether bulls or bears are currently in control. Supporting this is social dominance, which measures how much of the crypto conversation is about PI. Between August 1 and 3, PI’s social dominance formed a three-day streak of higher highs, just like it did between July 15 and 23. That earlier stretch aligned with a local price bottom and led to that surge to $0.52. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Pi Coin price and…
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