PI Token Shatters Key Resistance as Crypto Rally Gains Momentum

PI's price surged past a critical resistance level at $0.3587 during Friday's trading session, converting it into support and signaling a potential trend reversal. The breakout follows weeks of sideways movement within a horizontal channel dating back to August 19.

Technical indicators reinforce the bullish outlook, with the Chaikin Money Flow (CMF) holding above zero at 0.04—a clear signal of capital inflows and accumulation. This development aligns with the broader cryptocurrency market showing renewed strength, creating favorable conditions for continuation patterns.

Traders are monitoring for sustained buying pressure to confirm the breakout's validity. The CMF's upward trajectory suggests growing institutional interest, though volume confirmation remains crucial for the next upward move.