Pi Coin is showing a noticeable change in momentum after being confined within a major technical pattern for several days.
Altcoins are showing early signs of strength, but whether they can break through will largely depend on market conditions and continued investor support. Amid rising volatility, Pi Coin is at a decisive moment.
Pi Coin is supported
Chaikin money flow provides an encouraging signal for Pi Coin. CMF has risen to 0.16, indicating continued consistent inflows as investors continue to fund the altcoin’s rally. This indicator measures the movement of capital, and the upward trend reflects growing confidence among traders who expect short-term price increases.
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Historically, the 0.20 level is considered a significant reversal threshold, but Pi Coin has not yet reached that point. Until that happens, the asset will maintain strong support from investors, giving it room to extend its upward momentum. Sustained inflow is essential for a successful breakout.
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Macro momentum indicators reinforce Pi Coin’s strong position. The squeeze momentum indicator is currently showing that the squeeze is strengthening as the green bar rises, indicating bullish momentum is building. This pattern often occurs after a squeeze is released and before a sharp price movement.
If the bullish momentum remains intact during the release, Pi Coin could experience a spike in volatility that supports significant price increases. This setup indicates that broader market forces are aligning in favor of PI, increasing the likelihood of an imminent breakout.
PI price may breakout
Pi Coin is trading at $0.241 while moving within a symmetrical triangle pattern known for producing sharp breakouts. The technical structure suggests that PI is nearing the end of its consolidation phase and is likely to break out of the pattern soon.
Given the strong inflows and momentum building, a successful breakout could push Pi Coin above the $0.250 level. From there, if the bullish situation continues, the price could extend towards $0.260 and even $0.272. These targets are consistent with the current upward pressure reflected in momentum indicators.
However, investors should remain cautious. If inflows weaken or the bullish momentum weakens, Picoin could see a sideways move. A break from the symmetrical triangle could cause the price to fall to $0.224 or even $0.217. Such a move would invalidate the bullish theory and signal a reversal in sentiment.
