After Months of Downturn, the Pi Coin Market Is Tentatively Hinting at a Shift

Following its near $3 peak earlier this year, Pi experienced a prolonged slide that shook confidence.

The Pi coin market, which has been largely down in recent months, may be showing tentative signs of a shift.

After peaking at nearly $3 earlier this year, Pi has seen a prolonged slide, shaking confidence among traders. However, April’s price consolidation and momentum divergence in indicators now suggest a fresh phase. Key indicators, including MACD, MFI, and Pi RSI, appear to be signaling a potential rebound.

This detailed Pi Network price analysis highlights compelling reasons to watch this asset closely as May approaches. Despite persistent obstacles, cautious optimism is gradually rising among traders who are observing these signals.

Is Pi Coin Gaining Momentum After Its April Decline?

During March and early April, the Pi price trended downward through a channel, sliding from $1.69 to $0.57. In late April, trading shifted into a range-bound phase between $0.55 and $0.73 as buyers and sellers reached a balance.

The cryptocurrency repeatedly failed to escape this lateral movement, reflecting weak bullish momentum. However, technical analysis suggests that underlying metrics are beginning to shift. Notably, the MACD indicator has started to register bullish signals for the first time in several weeks.

The MACD has turned bullish, indicating rising momentum from moving averages. As the Pi coin price action shows, the 12-day EMA is now above the 26-day EMA. Usually, this is an early signal of bullish movement. Based on previous instances, such crossovers have commonly led to significant price surges, making their recognition essential.

This shift highlights a notable divergence between Pi coin price action and its momentum measures. Should this trend persist, Pi could recover swiftly in early May, potentially recouping most of April’s declines. Investors often rely on MACD crossovers to gauge trend strength. Bullish signals need solid confirmation.

What Does the Money Flow Index Say About Market Conditions?

A bullish divergence often marks a momentum turning point. Identifying a bullish divergence, where price dips but MACD or RSI rise, offers a key momentum signal.

Pi Network price analysis shows accumulation rising among mid-size holders despite price declines. Social sentiment across platforms is stabilizing, reinforcing potential support levels. Together, these factors suggest Pi is near a support base and ready for a rebound.

While not yet confirmed, this strength has captured traders’ attention. Confirmation remains pending, but momentum indicators hint at an imminent shift.

Volume-based signals are also boosting hopes for a market reversal. The Money Flow Index (MFI), which combines volume and price, hovers at the neutral midpoint. This typically indicates neither overbought nor oversold conditions.

If bullish momentum intensifies, a rally toward $0.96 might materialize, potentially extending to $1.39 in an optimistic case. Conversely, a lack of buyer conviction could send the Pi price down to roughly $0.41 support. This transitional zone is critical for future direction. Hence, despite encouraging signals, maintaining cautious optimism remains essential.

Is Pi Coin Showing Any Signs of a Price Reversal?

Pi coin price action remains bearish after upticks around the 19th and 23rd, dropping from above $0.66 to $0.5770. The Pi RSI stands around 38.43, below the neutral 50 mark. However, the RSI line is slowly climbing, showing increasing bullish pressure and declining bearish sentiment.

Although the index has repeatedly failed to climb past 50, it has demonstrated multiple unsuccessful bullish attempts on each successive rally. As the RSI line gets closer to the yellow signal line, it underscores a small chance for Pi price reversal strength among short-term indicators.

PI/USD daily chart, published on TradingView, April 30, 2025

The ADX on the daily PI/USD chart sits at 36.82, signaling a strong trend without direction clarity. The falling price and weak RSI suggest this ADX level confirms the strength of the descending trend. A recent ADX decline from its peak indicates slight momentum loss, leading to consolidation or reduced volatility.

Sellers have remained dominant across consolidation zones, evidenced by successive lower highs and lower lows. Increased volume during sell-offs further supports the continuation of bearish pressure in the market. This combination of indicators highlights the Pi price’s ongoing downtrend but hints at a potential reversal.

Could May Mark A Turning Point For Pi Network?

As the calendar turns to May, the Pi Price approaches a pivotal technical juncture. Despite prevailing bearish pressure, MACD crossovers, MFI neutrality, and Pi RSI shifts indicate a potential reversal.

Recent price consolidation patterns, growing accumulation among mid-size holders, and weakening selling momentum suggest recovery prospects. Market participants remain guarded, yet cautious optimism gains traction among traders observing these signals. A decisive bullish push could propel Pi out of its descending trajectory.

Until such confirmation emerges, analysts keep a close eye