Pi Network Price Jumps 7% on August 28 — Is a Trend Reversal Underway for Pi Coin?

Jakarta, Pintu News – Pi Coin’s price has recently struggled to attract traders’ attention. On August 27th, the token was trading flat and dropped about 3.4% in the past week. On a yearly basis, Pi Coin’s performance is even worse, with losses of over 61%.

The persistent downtrend makes the latest technical signals even more striking. Indicators on the chart point to a possible reversal, which could trigger a rally if buying pressure increases.

Then, how is Pi Network’s current price movement?

Pi Network Price Rises 7.4% in 24 Hours

On August 28, 2025, the price of Pi Network was recorded at $0.3653, having risen 7.4% in the last 24 hours. If converted to the current rupiah ($1 = Rp16,362), then 1 Pi Network is Rp5,977.

Read also: Pi Network Listing on Coinbase Soon? Fact or Community Speculation?

In a 24-hour time span, the price of PI moved from $0.3398 to $0.3653. The 24-hour trading volume was recorded at $52.4 million, signaling increased market activity and liquidity.

With a market cap of $2.91 billion and a fully diluted valuation of $4.48 billion, Pi Network is now ranked #51 globally.

RSI Divergence Signals a Reversal

The first major signal is the bullish divergence on the daily Relative Strength Index (RSI). Usually, when the price hits a new low, the RSI will also register a new low.

However, in the case of Pi Coin, between August 19 and August 25, the price recorded lower lows, while the RSI actually created higher lows. This discrepancy is referred to as a bullish divergence.

Bullish divergence is often taken as a sign that selling momentum is starting to weaken even though prices continue to fall.

This could signal a turning point where buyers begin to quietly take control. The same pattern also appeared in early August. At that time, a similar divergence preceded a 39% rally in Pi Coin’s price, from $0.33 to $0.46.

The repetition of this pattern suggests that the token could be preparing for another upside move.

MFI and Bull/Bear Power Support Bullish Signal

The bullish argument shown by the RSI is reinforced by two additional indicators.

The Money Flow Index (MFI), which measures buying and selling pressure by combining price and volume, has been registering higher highs since mid-August. This means that despite the price drop, buyers continue to put in new capital-a sign of buying activity when prices are falling.

At the same time, the Bull/Bear Power index, which compares the current price level with the moving averages, shows that the bearish momentum is starting to fade.

A similar bearish decline in strength occurred earlier this month, during the RSI divergence phase, followed by a brief but sharp rally towards $0.46.

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Together, the MFI and Bull/Bear Power provide more support to the RSI divergence, leading to a change towards accumulation.

Key Levels to Watch for Pi Coin Price

Pi Coin’s price movements also reflect cautious optimism. Pi Coin recently held firm at the $0.33 level, which is an important support area.

If the bullish divergence materializes, the first major upside target is at $0.46 – the level tested during the previous divergence-driven rally. This would signal an increase of about 40% from current levels.

However, there are some short-term resistance levels that need to be broken first, including $0.37 and $0.40.

If momentum remains strong, a move towards $0.52 could also occur, provided $0.46 is successfully defended. However, if Pi Coin falls below $0.32, this bullish setup will be invalidated, and the risk of creating a new price low will increase.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Pi Coin’s Charts Hint at a Turnaround-Here’s Why a 40% Rally Could Be Close. Accessed on August 28, 2025