Pi Coin Technical Setup: Can Fibonacci Support Hold Key Resistance?

Pi Coin is at a crossroads. Trading near $0.21, the price sits just below the critical $0.213 Fibonacci retracement level—a zone that will determine whether the recent recovery attempt gains traction or stalls.

Momentum Shift: MACD Signals Turning Point

The technical picture is brightening. The MACD indicator, which endured nearly three weeks of bearish pressure, is now showing life. The faster line has crossed its signal line, marking the end of an extended decline phase. More critically, the macd above zero line confirms that buying momentum is genuinely rebuilding, not just bouncing mechanically.

This isn’t just a price recovery; it’s evidence that sellers are losing control and buyers are stepping in with conviction.

Capital Flows Validate the Bounce

Volume and money flow data tell an equally important story. The Chaikin Money Flow flipped from outflows earlier in the month to fresh inflows over the last 24 hours. With CMF now trading above zero, net buying activity is confirmed.

For Pi Coin to sustain upside momentum, these inflows must persist. Price moves without consistent capital backing are short-lived. But when indicators align—rising momentum plus inflows—recovery becomes more probable.

Price Action: Where to Watch

At $0.213, Pi Coin faces its nearest hurdle. Holding this Fibonacci level as support would validate the bullish structure and potentially open the door to $0.224. Each breakout higher needs buying pressure to sustain it; without that, gains evaporate quickly.

Break below $0.207, however, and the narrative shifts. Initial support appears at $0.199, with a secondary floor at $0.188. A collapse through these levels would erase the recovery thesis entirely and re-establish downside risk.

The Bottom Line

Pi Coin is flashing green lights on momentum and money flow. But technology is only part of the equation—sentiment can reverse fast. Watch whether buyers defend $0.213. If they do, recovery has legs. If they don’t, the downside awaits.