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Pi Coin Price- Bullish Breakout Ahead?
Pi Coin Price– Despite a quiet market, Pi Coin (PI) is showing subtle signs of life that could signal a shift. While on-chain data remains neutral, cracks in the bearish momentum are starting to form — and traders are watching closely.
Open Interest Flat, But Funding Rate Turns Bullish
The market isn’t screaming bullish just yet — but it’s whispering. According to Coinalyze, Pi Coin’s aggregated Open Interest (4H chart) is sitting at $10.09 million, showing no strong trend. That means traders are on the sidelines, neither betting big on a rally nor a crash.
But here’s the twist: the Aggregated Funding Rate just climbed to +0.0274, and the Predicted Funding Rate spiked to +0.0516. In plain English? Long traders are slightly in control and are paying to keep their positions open — a subtle bullish signal.
Bearish Momentum Is Fading
The Elder Ray Index’s Bear Power indicator is showing weakness, suggesting sellers are losing steam. Combine that with rising funding rates and flat open interest, and it paints a picture of a market leaning cautiously bullish.
Key Levels to Watch for Pi Coin (PI)
- Support: $0.4452 (holding strong — based on Fibonacci retracement)
- Next Support (if broken): $0.4001
- Resistance to Flip Bullish: $0.4974
A daily close above $0.4974 could invalidate the bearish trend and spark short-term bullish momentum. Until then, Pi Coin remains in a tug-of-war between indecision and opportunity.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
