• Pi Coin trades at $0.353, just below $0.360 resistance; breaking above could spark a rally toward $0.381 and end its downtrend.
• RSI shows exaggerated bullish divergence, while MACD sustains a month-long bullish crossover, signaling fading bearish pressure.
• Failure to hold $0.351 risks a drop to $0.340, reviving the threat of testing Pi Coin’s all-time low and invalidating bullish outlook.

Pi Coin has been trading in a prolonged downtrend, struggling to recover momentum as broader market conditions remain cautious. 

Despite this, the altcoin is signaling the possibility of a breakout. Technical indicators show that bearish pressure may be weakening, leaving room for a potential shift higher.

Pi Coin May Breakout

The Relative Strength Index (RSI) is currently forming an exaggerated bullish divergence. Unlike a standard divergence, this pattern is subtler, but it still suggests the existing downtrend is losing strength. While it does not confirm an immediate reversal, it indicates that sellers are running out of steam.

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This development positions Pi Coin for a possible breakout in the near future. As investor sentiment shifts, the divergence suggests that buyers could gradually reclaim control. If the market remains stable, Pi Coin may transition from its consolidation phase to a fresh upward rally.

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The Moving Average Convergence Divergence (MACD) provides further support for the bullish case. The indicator has sustained a bullish crossover for nearly a month, rejecting attempts to flip bearish. This consistency underlines that upward momentum is still active despite short-term volatility.

Although a brief fake bearish crossover appeared recently, the MACD continues to lean bullish, pointing to resilience among Pi Coin holders. This persistence highlights that buyers are prepared to defend key levels, which could ultimately help the cryptocurrency secure a breakout above immediate resistance.

PI Price Needs To Breach Barrier

At the time of writing, Pi Coin is priced at $0.353, trading just below the critical resistance of $0.360. Flipping this level into a support floor would open the door for a rally toward $0.381, marking the first step in reversing its downtrend.

If achieved, this breakout would effectively end the ongoing decline. Considering both the RSI divergence and the MACD’s sustained bullish outlook. This scenario appears increasingly likely, provided broader market conditions remain neutral to positive.

However, risks remain. Should bullish momentum weaken, Pi Coin could slip through $0.351 and drop to $0.340. Falling below this would bring the threat of testing its all-time low, invalidating the bullish outlook and causing further concern for investors.

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