Pi Coin Defies Downtrend with Bullish Breakout: $0.229 Resistance in Focus
Pi Coin has broken its recent downtrend with a notable 9.5% monthly surge, signaling a rare bullish phase. The token's breakout from a symmetrical triangle pattern now challenges the critical $0.229 resistance level. A decisive close above this threshold could drive prices toward $0.236, with potential upside to $0.252.
Institutional interest appears to be growing, as indicated by positive Chaikin Money FLOW (CMF) readings suggesting capital inflows. Retail participation is also gaining traction, supported by rising On-Balance Volume (OBV). These technical factors hint at a possible shift from Pi Coin's prolonged consolidation phase.
Despite a 40% decline over the past three months, Pi Coin now shows outperformance across daily, weekly, and monthly timeframes. Market analysts are closely watching whether $0.229 transitions from resistance to support—a key confirmation for the breakout's sustainability.
