Oh, what a ghastly spectacle, darlings-the market’s come undone like an ill-fitting tuxedo at a charity ball, thanks to those tiresome US-China tariff tantrums! Most altcoins have swooned dramatically lower, but Pi Coin (PI) has merely arched an eyebrow with poise. Granted, it shed nearly 23% over the week (a fair chunk during the chaos), yet it clung bravely above that $0.15 support, refusing to join the theatrical meltdown. Resilience, my dears? This token’s got it in spades. 😉
Since October 7, Pi has been staging a delightful recovery, sashaying close to $0.20-could buyer confidence be sneaking back like an unwanted ex at a party? A peek at the chart and some on-chain silliness whispers that Pi might be lining up for a comeback, if those pesky sellers would just pop a cork and cool their jets.
Selling Shows Signs of Stage Fright as Buyers Waltz In
On the daily chart, that volume spread pattern-de rigueur in Wyckoff-style dramatics-reveals who’s causing the commotion between buyers and sellers.
Mid the tariff tempest, a ruddy red bar lorded over the stage, proclaiming sellers’ unchallenged reign. But now it’s gone jaundiced with envy, mumbling that they’re still at it, just a tad less vehemently.
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And joy of joys, those yellow fellows are shrinking faster than a scandal at a soirée. That fading fervor means selling’s losing its sparkle, whilst buyers tiptoe in like feline conspirators.
Recall the last such shrinking jamboree in early August? Pi rallied nearly 40% in four days-voilà! If no crimson sell storms crash the fête, PI might encore that charming rebound.
The Chaikin Money Flow (CMF)-gauging if the fat cats are fattening their wallets or fleeing-ties the bow on this optimistic romp.
Even after a brief dip into the doldrums, it hovers above its October 7 nadir, far sassier than late-August’s pout.
This hints the bigwigs are still squirreling away Pi like illicit love letters, while the little fish stay bashful (yellow Wyckoff bars, don’t you know). Altogether, it’s a cooling tantrum and a subtle buyer bravure revival. 😌
Bullish Banter Suggests Pi Coin’s Plot Twist
On the 12-hour chart, Pi’s conjured a bullish RSI divergence from September 23 to October 10. Price dipped lower, but RSI bounced higher-pfft! Downward drama’s depleting, isn’t it?
Such divergences herald reversals, darling, and with PI’s spotty past, a rebound’s the betting scandal. (Mind you, RSI rates momentum from 0 to 100, flagging overdone or underdone assets.)
At quill’s end, PI prances at $0.201, nigh the 0.236 Fibonacci fib-a close above $0.205 might unleash a breakout gambol to $0.238, a merry 18% ascent.
If it endures, Pi could pirouette to $0.264 (a cheeky 31% jaunt) or $0.290 (44% up-rah!). Yet slip below $0.184, and poof! The setup fizzles, potentially tumbling back to a dreary $0.153, depending on the market’s moody whims.
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2025-10-12 17:22