Why Pi Coin’s Failed Breakout Isn’t the End of Its Month-Long Rally?

Pi Coin has been one of the more resilient tokens this month. While the broader market slipped 1.1% today, Pi Coin price still gained 0.8% and is up 11.5% over the past month. Keeping PI’s price history in mind, the 11.5% move isn’t anything less than a rally.

It recently failed a breakout that could have taken it higher, but the trend hasn’t flipped bearish. Several early signs show buyers still holding control, and the rally may not be done yet.

Early Trend Still Points To A Price Rebound

Pi Coin’s first bullish signal comes from the 4-hour chart, which helps spot early trend changes. On this timeframe, the 20-period EMA is closing in on the 50-period EMA. An EMA (Exponential Moving Average) tracks price over time with more weight on recent candles. A bullish crossover happens when the short-term EMA moves above the long-term EMA, often marking a momentum shift.

Pi Coin Eyes A Bullish Crossover: TradingView

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A similar crossover attempt happened on November 11, but sellers stepped in before the lines crossed, forcing the move to fail. If bulls hold price steady this time, the crossover could complete and give Pi Coin its next push.

On the daily chart, the Bull-Bear Power indicator supports this idea. The indicator tracks the gap between buying pressure and selling pressure. Despite the failed breakout at $0.229, Bull-Bear Power has flipped firmly into bullish territory, showing buyers are still in control.

Bulls Are Still In Control Despite The Failed Breakout: TradingView

If this strength continues, the EMA crossover is less likely to fail like it did on November 11.

Pi Coin Price Action And Money Flow Hold The Key

The Pi Coin price continues to struggle with $0.229, which has rejected every breakout attempt so far in the near-term. If a daily close forms above this level, the next target becomes $0.236 (another strong resistance), followed by a possible move toward $0.266, the upper resistance zone.

The failed breakout earlier this week lined up with a drop in Chaikin Money Flow (CMF). CMF measures whether big wallets are adding or removing capital. Pi Coin saw inflows between November 15–16, but money quickly exited afterward, falling back toward the trendline.

Pi Coin Price Analysis: TradingView

As long as CMF stays above its rising trendline, buyers still have a path to regain control. A break back above the zero line would confirm big money returning, strengthening the bullish case and supporting the EMA crossover from the 4-hour chart.

If CMF falls under the trendline, the downside opens up. In that case, Pi Coin could revisit $0.201, and under deeper market stress, even lower levels.

For now, Pi Coin needs only a 0.48% push to close above $0.229. If the crossover completes and CMF turns back up, Pi Coin may finally clear this barrier and extend its month-long rally.