Pi Coin’s Rare Green Streak Could Last If The Altcoin Clears One Key Level
Pi Coin shows rare multi-timeframe strength, needing to break $0.229 to confirm a symmetrical triangle breakout and sustain its rally.Summary
Pi Coin (PI) is exhibiting unusual strength, showing green performance across one-month, seven-day, and 24-hour charts, despite being down nearly 40% over three months. This strength coincides with a breakout from a symmetrical triangle pattern, testing the key confirmation level near $0.229.
The bullish setup is supported by positive technical indicators: the Chaikin Money Flow (CMF) has turned positive, indicating institutional money is entering, and the On-Balance Volume (OBV) is starting to curl upward, suggesting retail buying interest is returning.
If PI successfully closes above $0.229, the price could target $0.236 and potentially $0.252. However, the bullish structure is invalidated if the OBV declines or CMF turns negative, which would expose the price to a drop toward $0.208.
(Source：BeInCrypto)