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Pi coin is one of the few assets that remains green while a large part of the cryptocurrency market remains red this month. Bitcoin is down about 20% and Ethereum is down about 27% per month. The price of the Pi coin, previously considered a weaker project, is still at almost 18% in the same period.
Even after today’s 5% decline, the monthly trend remains positive. This extraordinary strength now puts Pi (PI) only 6.5% away from a new hack attempt. Here’s how!
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The flow of money reinforces the uptrend
The first strength indicator comes from the Money Flow Index (MFI). The IMF uses price and volume to show whether buyers or sellers are in control. Pi hacked currency The MFI trend line is on November 16, as the price is starting to rise.
Since November 14, Pi has risen to about 26%, and MFI’s discovery confirmed that buyers were active earlier. The indicator has recovered slightly, but is still above its trend line. As long as it stays above, pullbacks are more likely to act as minor corrections rather than full reversals.
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Volume flow also supports this idea. The trend line of the overall balanced volume (OBV) index broke on November 18, two days after the MFI discovery. OBV tracks whether more volume is flowing into or out of the asset.
A late breakout of the OBV usually indicates that the smaller traders joined in after the bigger cards made the first move. OBV remains in negative territory near -1.84 billion, which is a common characteristic of downtrends. Note that The price trend of PI is still up In the long term, it has fallen by more than 30% in the last three months.
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OBV showing an upward slope of improvement demand. Crossing -1.84 billion reinforces the short-term trend.
A rare detail adds even more weight: the seven-day PI correlation with Bitcoin is close to -0.87. This is the Pearson coefficient, which measures whether the two axes move together. A reading close to -1 means they are moving in the opposite direction.
This explains why Pi stayed green while Bitcoin and the other big boys declined. If Bitcoin continues to correct, the price of Pi coin could see more, according to this theory.
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A future crossover is building a bullish condition
Adding the 4 hour chart to the bullish argument. Pi is trading above all major EMAs. The 50 period average moves close to the 200 period average.
If 50 crosses over 200, it will form a structure that traders call a golden cross. It usually means that the short-term strength is aligned with the direction of the long-term trend. This configuration supports the idea that the Pi coin side always has space.
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The Exponential Moving Average (EMA) gives more weight to recent price data, so it reacts more quickly than simple moving averages.
Pi coin price levels to watch
Fibonacci extensions depending on the trend offer resistance near $0.25. Pi needs a clean day near this level to trigger the next higher wave. This requires a movement of approx 6% 5 From the current price. Cross $0.25 It can be allowedPi coin rally to continue to growwith also $0.31 and $0.34 In the discussion.
On the downside, major support is found near $0.23. Losing on a daily basis increases the risk of falling towards $0.20wiping out most of Pi coin’s recent gains.
Pi remains one of the rare green assets in a red market, in the monthly timeframe. If buyers can push 6.5% higher, a new breakout attempt could be in sight.
