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Pi Coin Price Makes 2 Bullish Moves in August: Do Buyers Still Want a Slice of PI?

2 mins
Updated by Harsh Notariya
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In Brief

  • Bull-bear power flashes green on the 4-hour chart for the first time since July.
  • A 9/15 EMA crossover on the 2-hour chart shows buyers are regaining short-term control.
  • A bullish pennant pattern sets up key levels to watch, with daily resistance at $0.36 and invalidation near $0.32.
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July was rough for Pi Coin. But why stop there? Over the past year, the token has shed over 60% of its value. Traders have largely tuned out. Yet in the first week of August, something changed.

PI bounced 4.6% from its all-time low, and for the first time since July 30, two short-term bullish moves have surfaced, hinting at a potential shift in sentiment.


Bulls Show Signs of Life First Time In August

The first notable signal came on the 4-hour bull-bear power chart, where a green bar flashed after 40+ sessions. This matters. The last time bulls registered on this chart was back in July, and since then, sellers have completely dominated. A green bar suggests that for the first time in weeks, buying pressure has overtaken selling power, even if briefly.

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Pi Network bulls come back to life
Pi Network bulls come back to life: TradingView

The Bull-Bear Power index tracks the difference between intraday highs and lows relative to a moving average. When green bars appear, it indicates bulls are attempting to take control, often a subtle but early sign of accumulation.


2-Hour Chart Reveals PI Coin Trend Shift With EMA Crossover

While the 4-hour chart showed the first signs of buying pressure, it lacked directional clarity. That’s why we shift to the 2-hour chart: to catch early trend changes and momentum buildups that larger timeframes might blur.

PI Coin Price 2-hour chart:
PI Coin Price 2-hour chart: TradingView

On this lower timeframe, a 9/15-period exponential moving average (EMA) crossover has just taken place, with the faster-moving 9-EMA (red line) crossing above the slower 15-EMA (orange line). This suggests that buyers have started gaining control over short-term price action, overpowering sellers for the first time in August. The 9/15 EMA is often used to identify early momentum shifts before they appear on higher timeframes, making this crossover a relevant bullish cue.

Compared to the more commonly used 20/50-period EMAs, the 9/15 crossover reacts faster to smaller price shifts, making it more effective for spotting momentum shifts before they become obvious on longer timeframes. However, while it gives earlier signals, it’s also more sensitive to noise, so confirmation from price structure and volume remains essential.


PI Coin Price: All About A Pennant Pattern and Key Breakout Levels

On the same 2-hour chart, the PI price is also pressing against the upper trendline of a bullish pennant, consolidating tightly near $0.35. A clean candle close above that level could unlock a short leg higher, with short-term targets near $0.36.

Pi Coin short-term price actio
Pi Coin short-term price action: TradingView

The daily Pi Coin price chart confirms that these levels are key resistance zones. The 0.36 mark aligns with the upper boundary of previous rejections, followed by $0.39.

Pi Coin price analysis:
Pi Coin price analysis: TradingView

PI price invalidation lies near $0.32; if that breaks, the current pattern fails and fresh lows are likely.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Ananda Banerjee
Ananda Banerjee is a technical copy/content writer specializing in web3, crypto, Blockchain, AI, and SaaS — in a career spanning over 12 years. After completing his M.Tech in Telecommunication engineering from RCCIIT, India, Ananda was quick to pair his technical acumen with content creation in a career that saw him contributing to Towardsdatascience, Hackernoon, Dzone, Elephant Journal, Business2Community, and more. At BIC, Ananda currently contributes long-form content discussing trading...
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