While Pi Coin has experienced a positive 9% gain over the past month, trading around $0.226, recent short-term indicators reveal concerning signals suggesting a potential pullback. If buyers fail to intervene, this momentum is likely to weaken. A key reason for the price weakness is evident in three technical indicators: First, a bearish engulfing pattern formed on the daily chart shows sellers regaining control as a red candle fully covered the previous green candle. Historically, these patterns have preceded sharp Pi Coin drops of up to 20%. Second, the On-Balance Volume (OBV) indicator, which tracks buying pressure, has broken below its upward trend line, indicating a weakening in real buying volume. A drop below –1.36 billion on OBV would signal that sellers have entirely taken over. Third, hidden bearish divergence (RSI) on the Relative Strength Index (RSI) suggests the overall downtrend continues. This pattern signifies that buyers are struggling to make headway. Immediate Price Levels and Targets: The immediate outlook is defined by the failure to clear resistance and the key support levels that must hold. Key Support ($0.219): If this level is not retained, the path toward $0.209 (the base for the last rebound) becomes open. Up-Swing Invalidation: To invalidate these bearish signals and flip the short-term trend back to positive, buyers need to reclaim $0.230 and then break the higher resistance at $0.236 with significant volume. Final Conclusion: Despite Pi Coin’s impressive monthly gains, underlying structural weakness is evident. The combination of the bearish engulfing pattern, the breakdown in volume (OBV), and the hidden bearish divergence (RSI) suggests a sharp drop in price, especially if buyers fail to intervene, as the current dip may test support at $0.219 and potentially $0.209, unless a surge in buying volume breaks past resistance at $0.236. ⚠️ Disclaimer: This analysis is for informational and educational purposes only and is based on technical analysis and market data. It should not be construed as financial advice or a recommendation to buy, sell, or hold any security or cryptocurrency. The cryptocurrency market is volatile and subject to external factors. Readers must conduct their own research (DYOR) and consult with a qualified financial advisor before making investment decisions.