Did Pi Coin Price Just Flash a Date for a 23% Breakout Revival?

Pi Coin (PI) has formed a cup and handle pattern since late March, with the handle consolidation extending longer than typical. A scheduled catalyst on May 15, when the Pi Network block explorer, PiScan, is expected to resume operations after a protocol upgrade, could trigger a potential 23% breakout revival. On-chain sentiment has dropped during PiScan's maintenance, possibly due to reduced data flow. However, the Pi Coin price chart still shows the pattern, and the Chaikin Money Flow indicator remains positive, suggesting potential for a bullish move if key resistance levels are cleared. A breakout above $0.18 could confirm the handle breakout, with a measured move target around $0.24, while a close below $0.16 would invalidate the pattern.

(Source：BeInCrypto)