Is Pi Coin Price Attempting Another Cup-and-Handle Breakout? One Critical Level Holds the Key
Pi Coin teeters on the edge of a major technical breakout—or another frustrating fakeout.
The Pattern That Traders Are Watching
That classic cup-and-handle formation keeps flashing on charts, teasing a potential surge if buyers can finally smash through resistance. One specific price level now acts as the ultimate gatekeeper—break it, and momentum could explode. Fail, and we're looking at yet another 'almost' moment in crypto's gallery of near-misses.
Why This Level Matters More Than Ever
Market sentiment hangs in the balance. Traders know the drill: spot the pattern, place the bet, then watch whales manipulate the liquidity right at the key zone—because in crypto, technicals often play second fiddle to well-timed spoofing. This time feels different though. Or maybe that's just what we tell ourselves before the next rug pull.
Breakout or Breakdown—What's Next?
Keep an eye on that decisive level. A clean breakout above it could trigger a cascade of algorithmic buying and FOMO from the sidelines. But if price gets rejected? Prepare for the usual crypto chorus of 'it was obviously a fakeout' from the same gurus who called it a sure thing. Classic finance—where hindsight is always 20/20, and foresight is conveniently for sale.
Buying And Bullish Pressure Build Beneath The Pi Coin Price
The Money Flow Index (MFI)—a volume-weighted momentum gauge that indicates whether actual money is flowing in (buying) or out (selling)—has rebounded to 66 on the 4-hour chart, even as the Pi Price wobbled.
In plain trading terms, buyers are quietly absorbing dips. If MFI pushes through 75–76, it WOULD mark a higher high in money flow against a still-fragile trend, a classic sign that buyers are taking control rather than just defending supports.
That pattern lines up with the Bull–Bear Power (BBP) histogram, which compares price extremes to a moving average to reveal who’s in charge.
Green clustering has returned, much like late August, when bulls wrestled back momentum ahead of PI Coin price’s month-end burst. Put together, the MFI up-drift plus a positive BBP phase argues that real buy-side pressure is building underneath the Pi Coin price.
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Fractal Watch: The Cup-and-Handle; and Why $0.39 Is The Decider
We’ve seen this movie earlier. Between Aug 22–29, a clean cup-and-handle breakout carried the Pi Coin price from roughly $0.35 to $0.39—an 11–12% MOVE that followed the textbook Cup-and-handle playbook.
A similar setup may be forming now, but it hinges on the neckline zone at $0.39 (with $0.3950 and $0.3983 the precise pivots on the 4-hour chart). A decisive 4-hour close above $0.39 would “activate” the pattern and unlock the measured move of almost 19%. However, for that, the bulls will still have to stay in control, and the MFI needs to keep trending upwards or at least stay steady.
Note: The Pi Coin price still has a long way to go. If and when the cup forms post-hitting $0.39, we need to wait for a quick consolidation (or rather handle formation). The 19% projection would be from when the Pi Coin price breaks past the handle, cleanly.
Until that break, it’s just potential. Failing to clear the neckline ensures that the Pi Coin price stays range-bound. And losing $0.33 on a 4-hour closing basis would invalidate the short-term bullish hypothesis. And that would prime the Pi Coin price to test its all-time low of $0.32.
