- $PI forms a hidden bullish divergence on MACD, with lower price lows but higher momentum, signaling a potential reversal rally.
- Support holds at $0.35–$0.36, while intermediate resistance levels between $0.60–$0.78 may guide the potential 242% upward price movement.
- Pi Network protocol upgrades progress from Testnet1 version 19 to 22, advancing toward version 23, supporting long-term technical and market confidence.
$PI (Pi Network) has confirmed a hidden bullish divergence on its chart, suggesting that a strong reversal rally could be developing. Prices are consolidating near $0.36, forming a support zone that may trigger increased buying interest. Technical indicators show momentum may favor an upward surge.
Hidden Bullish Divergence Signals Potential Reversal
The MACD indicator on the $PI chart shows higher lows while the price formed lower lows. This hidden bullish divergence may indicate that a trend reversal is building momentum. Traders often watch for such patterns as early warning signals for potential upward moves.
JAVONMARKS emphasized that this divergence could precede a massive bull reversal move. The projected target is $1.23, which would represent more than a 242% gain from current levels. If momentum continues, this rally could develop in stages through intermediate resistance levels.
The divergence is observed in a long term decline starting at peaks around 2.80 to the prevailing prices at 0.35. The fact that the downward momentum has weakened at the new low is a good indicator that reversal rally is possible to be formed.
Price Action and Resistance Levels
$PI has formed two key swing lows, one in March/April and another around August/September. The second low is slightly lower, yet selling pressure appears to be reducing. Price consolidation near $0.35 may provide a base for the possible 242% reversal rally.
Intermediate resistance zones lie between $0.60 and $0.78, representing areas of historical consolidation. Traders monitoring $PI may see these levels as checkpoints during the expected rally, guiding entry and exit strategies while assessing momentum.
The first major target for this reversal rally is $1.23. Reaching this level from $0.36 would reflect a significant potential upside. Traders are watching for confirmation through volume spikes and MACD crossovers that align with the bullish divergence signal.
Support Zones and Protocol Upgrades
Support remains around $0.35–$0.36, forming a critical foundation for the potential 242% reversal rally. Maintaining these levels could sustain buying interest and provide stability during the early phase of a price surge.
Pi Network’s ongoing protocol upgrades may influence trader sentiment. Testnet1 has been updated from protocol version 19 to 22, with version 23 in progress, followed by upgrades to Testnet2 and Mainnet. Planned outages will be announced in advance, ensuring transparency for users.
As of this writing, $PI is trading at $0.360550, with a 24-hour trading volume of $27,962,961 and a 1.18% increase. Technical signals combined with protocol progress are being closely monitored by traders anticipating a potential 242% reversal rally.
