Pi Network Price Eyes $0.189 as 3 Indicators Suggest Bullish Reversal

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Pi Network Price Eyes $0.189 as 3 Indicators Suggest Bullish Reversal

Pi Network (PI) is currently trading at $0.1714, and its price movement over the last eight hours suggests a downward trend. However, there are signs that the price might soon increase: three different indicators are showing positive signals, with two of them indicating a potential reversal of the current trend and the third one providing additional support for the price.

Pi Network has recently made progress, completing its initial distribution of rewards to those who verified their identity (KYC). This involved processing over 526 million tasks from more than a million users. Following the completion of a major network upgrade on April 6 and with 119,000 users completing their account updates, the network is achieving key goals, even though the price of Pi Coin continues to fall.

RSI and MFI Diverge as Dip Buyers Step In

From March 27th to April 7th, the price of Pi Coin decreased, forming a downward trend. Interestingly, the Relative Strength Index (RSI), which tracks how quickly the price is changing, didn’t show a similar decline.

The Relative Strength Index (RSI) recently showed a slight increase while the price made a lower low, which is a bullish signal on the 8-hour chart. Although the RSI is currently at 34.54, below the 50 level, this divergence indicates that the downward price pressure is likely weakening.

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The Money Flow Index (MFI) measures buying pressure and confirms what the price chart suggests: investors are buying when prices drop. From March 27th to April 7th, even as prices fell, the MFI actually increased, indicating dip-buying. Currently, the MFI reading of 45.24 shows that buyers are still active even with the recent price declines.

The underlying network infrastructure is handling the increase in user activity. The Pi Core Team recently rewarded over one million verified users (who completed Know Your Customer checks) for processing more than 526 million verification tasks, demonstrating the power of their decentralized team.

We’ve successfully distributed the first round of rewards to Pi KYC validators! Over 1 million validators completed more than 526 million validation tasks, showcasing the impressive scale and capabilities of Pi’s global, decentralized network.

— Pi Network (@PiCoreTeam) April 7, 2026

Simply seeing chart patterns diverge isn’t enough to confirm a trend reversal. The next important thing to consider is whether significant investors are also involved.

CMF Trends Higher as Network Milestones Stack

Chaikin Money Flow (CMF) supports the idea that significant investors are driving the recent price increase. Currently at 0.02, CMF is above zero, and it moved in the same direction as the price between April 5th and 7th. This indicates the recent price jump is likely due to buying by larger investors, not just smaller, individual traders.

This activity coincides with what’s happening on the Pi Network blockchain. More than 119,000 users have finished updating their accounts, making their Pi tokens able to be sent and received. Although these updates add more tokens to the market, current data suggests people are holding onto them instead of selling.

More than 119,000 users have now finished moving their account balances as part of the ongoing upgrade. You can find all the details in the update below.

— Pi Network (@PiCoreTeam) March 31, 2026

Several factors – positive market trends, increased buying during price drops, and strong investment flows – are all pointing towards a potential price increase. Now, the price chart itself will confirm whether these signals actually lead to a significant breakout.

Pi Coin Price Levels That Decide the Trend

As a researcher, I’m currently observing that PI is trading at $0.171, which is very close – only about 2% below – a key resistance level of $0.174. This level aligns with the upper boundary of a downward trend and also corresponds to the 0.236 Fibonacci retracement level. If the price closes above $0.174 tomorrow, it would suggest a potential change in the current downward trend, shifting my short-term outlook from bearish to neutral.

The price faces initial resistance around $0.180, coinciding with a key Fibonacci level. If the price breaks through, the next target is $0.189, another Fibonacci level. With continued upward momentum, it could potentially reach $0.204.

Breaking out of a falling channel isn’t always straightforward. It’s important to see an increase in trading volume to confirm the breakout is genuine. Right now, the breakout is happening with low volume, which suggests it might be a false signal that could trap buyers before the price continues to fall. If the Chaikin Money Flow (CMF) stays above zero, that would provide stronger evidence that the breakout is valid.

The price currently has a support level around $0.165. If it falls below that, it would negate the positive signals from recent technical indicators and likely cause the price to continue dropping. Right now, the price is at a critical point; a move above $0.174 could lead to a rise towards $0.189, but if it fails, it could fall back to $0.165 or even lower.

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2026-04-08 17:06