Behold, Pi Coin has plummeted 7% in a single day-a cruel twist of fate mirroring the market’s collective despair. Yet, in this monthly reckoning, its -8.7% slide gleams faintly, outshining Bitcoin’s 21% bloodletting and Ethereum’s 26% collapse. Is this the end of days, or merely a prelude to resurrection?
The question gnaws at the soul: Does this mark the beginning of annihilation, or a fleeting shadow before the dawn?
A Bearish Tsar Arrives, Yet Two Omens Whisper of Hope
The descent began with a fateful bearish event on the 12-hour chart-a downside crossover where the 20-period EMA, like a traitorous shadow, slipped beneath the 100-period EMA. Ah, EMA! A fickle oracle that weighs recent whispers heavier than ancient truths, guiding traders through the fog of short-term chaos.
This betrayal crushed prices, birthing a 7% daily collapse and a near 10% plunge from yesterday’s fleeting glory. But lo! Beneath the rubble, two spectral metrics murmur of a possible reprieve.
The first, the Relative Strength Index (RSI), a gauge of momentum’s soul. Between November 21 and December 1, Pi Coin’s price etched a higher low, yet RSI carved a lower low-a hidden bullish divergence! A paradox, like a sinner’s heart aching for salvation even as he stumbles.
But RSI dances still on the edge of the abyss, not yet fully condemned to the oversold void. It may yet plunge deeper before the light returns, dragging prices into the dark with it. 😏
The second omen? The Chaikin Money Flow (CMF), a specter tracking the whims of capital’s titans. CMF, once a prophet of PI’s rise, soared 313% from November 3 to 19, presaging a 30.75% surge. Now, CMF lingers above zero, curling upward like a serpent’s tail.
If CMF breaches its descending trend line while RSI clings to divergence, the stage is set for a rebound. But will it? Ah, therein lies the torment.
Crucible of Pi: The Levels That Will Seal Its Fate
Should buyers rally, their first trial is reclaiming $0.238-a fortress guarded by demons. From $0.229, this demands a 4% climb, a Herculean task in this vale of tears. Success unlocks gates to $0.255 and $0.266, with $0.284-a relic of past glory-beckoning like a siren.
Yet failure to defend $0.225 and $0.223 spells doom. Breaching these would shatter the bullish illusion, casting PI into the void at $0.209. A tragedy, but not unexpected in this farcical circus of modern finance. 🤡
Crave more cryptic musings? Subscribe to Harsh Notariya’s Daily Crypto Newsletter-where hope and madness intertwine.
Pi Coin, bruised by the EMA’s dagger, clings to its monthly pride, outlasting Bitcoin and Ethereum. RSI’s divergence and CMF’s stirring hint at a possible redemption. But whether this is the end’s beginning or a pause in the agony hinges on two trials: CMF’s breakout and $0.238 reclaimed without losing $0.223. The market, like God, plays dice-but who are we to question His whims? 🎲
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2025-12-01 15:57