#PI Pi fall to the bottom——but early signs suggest he may make a comeback

Pi Coin has suffered a heavy blow, falling about 7% in the past 24 hours, while the cryptocurrency market continues to rebound. However, despite the decline, Pi Coin's performance on the monthly chart still outperformed major currencies, with a drop of 8.7%, while Bitcoin and Ethereum saw larger declines.
The latest round of fall was triggered by a bearish crossover of the 12-hour moving average, which typically puts short-term pressure on prices. However, on the surface, two key indicators suggest that this wave of decline may soon come to an end.
The first sign is a hidden divergence on the RSI indicator - while the price is falling, the RSI indicator is also declining. This pattern usually indicates that there is still a possibility of a trend reversal after a round of decline. At the same time, the Chaikin Money Flow (CMF) remains above zero and begins to curve upward again. If the CMF breaks through its downtrend line, it may confirm the return of buying strength.

In order to reverse the downward trend, PI needs to close above $0.238, while maintaining the support level at $0.223. If successful, it is expected to return to the range of $0.255 to $0.284.