Pi Coin Price Breakout Alone Won’t Turn It Bullish — This Level Matters More

Pi Coin (PI) is trading flat near $0.205, showing weakness over the past month. While a short-term inverse head-and-shoulders pattern is forming on the four-hour chart with a neckline resistance at $0.208, a breakout above this level only targets $0.216 and requires confirmation from the Chaikin Money Flow (CMF) holding above zero. More importantly, the daily chart shows the broader trend remains neutral to bearish, despite some bullish divergence on the Money Flow Index (MFI) suggesting dip buying. For PI to confirm a recovery, it must decisively clear the daily range resistance at $0.213, which overlaps with the $0.216 four-hour target. Clearing $0.216 is the most critical short-term level, potentially leading to a challenge of $0.248, where true bullish momentum would begin; failure below $0.191 invalidates all positive setups.

(Source：BeInCrypto)