Pi Coin is showing a "disconnection" between price and investor sentiment - What's next?

After several weeks of fluctuating around local lows, the price of Pi Coin has started to show signs of a positive bounce back. On July 10, the token surged from $0.46 to $0.51, an encouraging move that marks the first significant increase since the end of June.

Accumulation path shows stable interest from buyers

Accumulation/Distribution line (A/D), a tool that helps track the relationship between price and trading volume to assess buying or selling pressure, has begun to show signs of bouncing back. This recovery started on July 9, providing a positive signal in the context of a somewhat stagnant market.

Accumulation distribution line of PI Source: TradingViewIf the A/D line maintains above the lowest level of July 8 (marked by the horizontal line), despite a slight adjustment the next day, it can be expected that the price will react positively. This indicates stability in cash flow and the possibility that smart investors are quietly accumulating Pi Coin, despite the somewhat stagnant overall market context.

This is a sign that the long-term confidence of buyers remains strong, helping to reinforce the bullish outlook for Pi Coin in the future.

The "disconnection" between price and sentiment

Looking at historical trends, the sentiment of participants in the Pi Coin market ( is reflected through the red line ), which often resonates with the value of this token. This was clearly demonstrated during the strong growth in May, when both the price of Pi and investor sentiment surged simultaneously. This is not a forecasting signal, but rather a reflection of the market's real-time response.

Currently, the market sentiment has shown signs of bouncing back and continues to oscillate in the positive range. Although it has not yet reached the highs of mid-May, the current sentiment score is still significantly higher than the neutral level, indicating that traders remain confident in the outlook for Pi Coin.

The correlation between PI price and sentiment | Source: SantimentOne notable point is the "disconnection" between price and current sentiment. Although market sentiment remains optimistic and there is a positive bounce back, the price of Pi Coin is not keeping up. Specifically, while the price surged from $0.46 to $0.51 on July 10, the token is still fluctuating near a key resistance level.

This opens up an interesting scenario: if market sentiment continues to stabilize, similar to previous bullish phases, there may be a delayed price reaction. In that case, if psychological factors and cash flow remain stable, the price of Pi Coin may continue its strong upward trend in the near future.

Stochastic RSI indicator signals an upward momentum

An important momentum signal comes from the Stochastic RSI indicator, a tool used to assess the strength and change of price momentum. The Stochastic RSI compares the RSI index of an asset with its peak-trough range over a specific period.

Recently, there has been a crossover when the blue line ( measuring the stochastic RSI crosses above the orange line. This is a strong bullish signal, indicating that upward momentum is gradually accumulating and is likely to drive the price of Pi Coin to continue rising. This type of crossover is often a sign of a trend reversal or the beginning of a new bullish trend.

![])https://img-cdn.gateio.im/webp-social/moments-aceca25646e26d9135ff5843d1978e73.webp(Another bullish signal for PI price – Stochastic RSI | Source: TradingViewCurrently, the Stochastic RSI indicator shows the blue line nearing 72, while the red line is around 40. This gap is widening, indicating that the bullish momentum of Pi Coin is strengthening as the fast-moving line )the blue line( starts to trend upwards.

To understand better, RSI typically monitors the overbought or oversold levels of a token. However, Stochastic RSI goes further by measuring the rate of change of the RSI itself, helping to detect early trend changes. This is an extremely useful tool for capturing initial trend change signals, especially in the context of a highly volatile market like the current one.

The price of PI needs to break through resistance

Currently, the price of Pi Coin is fluctuating below the important resistance level at $0.502. This price level is determined from the Fibonacci retracement level of 0.618, and previously, it was a strong resistance as well as a trigger point for previous price rallies.

If the bulls can overcome this resistance level, the next rally could push the price up to the range of $0.54 – $0.56. However, if the price cannot break above $0.502 and continues to be rejected here, the price of Pi is likely to bounce back to the support area of $0.45.

![])https://img-cdn.gateio.im/webp-social/moments-c40f71ec0683e18574a744bad561173d.webp(PI Price Chart 1 Day | Source: TradingViewEmma