Pi Coin Hits Overbought Territory—Brace for a Pullback or Sideways Grind

Pi Coin’s relentless rally has pushed it into overbought conditions, leaving traders debating whether this is the calm before another leg up—or the prelude to a sharp correction.

Technical indicators scream caution as RSI flirts with 70, but crypto’s ’buy the dip’ cult could keep the party going. Meanwhile, traditional finance analysts clutch their pearls—because clearly, fundamentals matter in this market (just kidding).

Next move? Watch for either a healthy consolidation to shake out weak hands... or a 20% haircut that ’was totally predictable’ in hindsight.

• PI Coin surged 40% to $0.78659, now at $0.77309, showing strong momentum.
• RSI at 72.31 signals overbought conditions, hinting at a potential correction.
• PI broke the upper Bollinger Band, confirming bullish movement but with risk of pullback.
• Support levels are $0.61006 and $0.58451, with resistance at $0.80123. A breakout could lead to further gains.

Pi Coin has posted a strong price breakout over the past few days, reaching a recent high of $0.78659 on the 4-hour chart before slightly pulling back to trade around $0.77309 at the time of writing. This marks a significant upward move, with Pi Coin gaining more than 40% from previous support levels under $0.60. The technical indicators suggest strong bullish momentum, but also raise caution due to signs of short-term overextension.

RSI and MACD Suggest Potential Slowdown For Pi Coin

The Relative Strength Index (RSI) is currently at 72.31, placing the asset firmly in overbought territory. RSI values above 70 often point to overheating in the market, which may result in a near-term price correction or consolidation phase. This aligns with historical patterns where similar overbought conditions have led to pauses or retracements in price action.

Supporting the bullish case, the Moving Average Convergence Divergence (MACD) indicator remains positive. The MACD line is trending above the signal line, indicating ongoing upward momentum. However, the histogram bars are beginning to shrink, which could be an early sign that buying strength is fading.

Bollinger Bands also reflect the aggressive price action. PI Coin has broken through the upper band, a signal that the asset is trading well above its 20-period moving average. While this can confirm bullish momentum, such moves often revert back toward the midline or support levels, especially when other indicators also show overbought conditions.

The key support zones to watch include $0.61006 and $0.58451, areas where buyers previously stepped in. On the upside, the $0.80123 mark is acting as immediate resistance. A confirmed breakout above this level could open the door to a fresh leg higher, while failure to hold above the Bollinger midline ($0.69891) could suggest a deeper pullback.

Market volume data is unavailable in the current chart, which limits confirmation of the strength behind this move. Still, the rapid increase in Pi Coin price suggests substantial market interest, potentially driven by speculation, upcoming announcements, or a shift in sentiment around the Pi Network project.

Pi Coin is showing strong bullish movement but is now trading in overbought territory across multiple indicators. Traders and investors may want to approach with caution, looking for consolidation or retracement levels to provide better entries. Holding above the $0.69–$0.70 range WOULD help maintain a bullish structure in the short term.

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