Pi Coin Exhibits Recovery Signals as Technical Indicators Flash Oversold Conditions

Pi Coin is currently trading at $0.6395, marking a 1.29% increase over the past 24 hours alongside a significant 44.42% rise in trading volume to $66.33 million. Despite a 2.04% weekly drop, technical analysis suggests the token may be forming a bottom after extended bearish trends.

The Relative Strength Index (RSI) at 13.95 indicates deeply oversold conditions, while a Bollinger Band width of 5.08% points to potential upcoming volatility. Market watchers highlight Pi Coin''s ability to maintain above the crucial $0.6329 pivot level, with immediate resistance now at $0.6403.

Analysis of market structure shows early signs of accumulation, characterized by tight volatility ranges and controlled sell pressure. With momentum indicators turning bullish and Directional Movement Index (DMI) readings hinting at trend formation, traders are beginning to position for a possible market reversal.