Pi Coin Tests $0.29 as Bulls Eye Wedge Breakout

PIUSDT has surged over 30% this week, testing the upper boundary of its falling wedge near $0.29 — a level that could define its short-term trend. A daily close above $0.29 would confirm a breakout, targeting $0.32 and possibly $0.37, while a failure could extend the consolidation.

The $0.28 zone remains the first resistance to clear, with support at $0.20. A drop below that would invalidate the bullish structure and expose $0.18–$0.15.

Momentum indicators show mixed signals. The Smart Money Index has risen sharply since October 25, and the Chaikin Money Flow (CMF) turned positive, hinting at renewed large-wallet interest. The Money Flow Index (MFI) also shows steady retail accumulation.

However, a hidden bearish divergence between price and RSI (lower highs in price vs. higher highs in RSI) warns that PIUSDT's rally could face short-term exhaustion if buyers fail to defend the $0.28–$0.29 range.