Is Pi Coin Price Attempting Another Cup-and-Handle Breakout? One Level Decides It
The Pi Coin value has steadied into early September. It’s down 2% month-on-month, up 0.6% over seven days, and about 1% within the final 24 hours—muted strikes for a token nonetheless 60% decrease year-on-year.
That restraint, nonetheless, is exactly why the present construction issues: a bullish cup-and-handle could possibly be taking form once more. But beneath the fractal, different issues are cooking up as effectively for the Pi Network.
Buying And Bullish Pressure Build Beneath The Pi Coin Price
The Money Flow Index (MFI)—a volume-weighted momentum gauge that signifies whether or not precise cash is flowing in (shopping for) or out (promoting)—has rebounded to 66 on the 4-hour chart, even because the PI price wobbled.
In plain buying and selling phrases, consumers are quietly absorbing dips. If MFI pushes via 75–76, it might mark a better high in cash circulation towards a still-fragile pattern, a basic signal that consumers are taking management somewhat than simply defending helps.
That sample traces up with the Bull–Bear Power (BBP) histogram, which compares value extremes to a shifting common to disclose who’s in cost.
Green clustering has returned, very like late August, when bulls wrestled again momentum forward of Pi Coin price’s month-end burst. Put collectively, the MFI up-drift plus a optimistic BBP section argues that actual buy-side stress is constructing beneath the Pi Coin value.
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Fractal Watch: The Cup-and-Handle; and Why $0.39 Is The Decider
We’ve seen this film earlier. Between Aug 22–29, a clear cup-and-handle breakout carried the Pi Coin value from roughly $0.35 to $0.39—an 11–12% transfer that adopted the textbook Cup-and-handle playbook.
The same setup could also be forming now, however it hinges on the neckline zone at $0.39 (with $0.3950 and $0.3983 the exact pivots on the 4-hour chart). A decisive 4-hour shut above $0.39 would “activate” the sample and unlock the measured transfer of just about 19%. However, for that, the bulls will nonetheless have to remain in management, and the MFI must hold trending upwards or no less than keep regular.
Note: The Pi Coin price nonetheless has a protracted technique to go. If and when the cup types post-hitting $0.39, we have to await a fast consolidation (or somewhat deal with formation). The 19% projection can be from when the Pi Coin value breaks previous the deal with, cleanly.
Until that break, it’s simply potential. Failing to clear the neckline ensures that the Pi Coin value stays range-bound. And dropping $0.33 on a 4-hour closing foundation would invalidate the short-term bullish speculation. And that might prime the Pi Coin value to check its all-time low of $0.32.
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