The Pi coin appears to be in decline, yet a concealed divergence between its price and momentum suggests a different story. As exchange inflows increase and traders take short positions, a subtle reversal pattern is emerging. Over the past two months, Pi coin's exchange reserves have risen sharply, indicating that holders may be preparing to sell. Recent data shows that net inflows on major exchanges surpass outflows, raising concerns for bullish traders. The funding rates for PI perpetual contracts remain negative, indicating a strong bearish sentiment among traders. The Elder Ray Index presents a mixed view, with bulls struggling to gain traction while bear power remains evident, albeit without new spikes. However, the Relative Strength Index (RSI) shows a hidden bullish divergence, suggesting that bearish pressure may be easing. If this divergence materializes, key resistance levels at $0.4797 and $0.5152 could be pivotal for a potential breakout, while a drop below $0.4035 would negate the bullish outlook. Read more AI-generated news on: https://app.chaingpt.org/news