Pi Coin Price Analysis: Bullish Signal in Doubt?

Pi Coin’s price has rebounded after a weekend marked by reduced momentum and tight trading action. Following a brief spike to around $1.60 during last week’s Consensus 2025 event, the token has since retreated sharply, dropping below $0.75 before finding some footing. As of this writing, Pi Coin trades at $0.7280, indicating a modest 3% daily gain. However, trading volume is down by more than 52%, suggesting that the current recovery might lack strong conviction from market participants. While a falling wedge pattern on the 4-hour chart suggests potential upside, technical indicators remain bearish, raising doubts about the sustainability of the bounce. A breakout above $0.75–$0.80 is needed to shift momentum.