Pi Coin’s Price Breakout: A Wolf in Sheep’s Clothing? 🐺📉

by

Well now, Pi Coin (PI) is sittin’ pretty near that $0.205 mark, but don’t you go thinkin’ it’s a pretty penny. Over the past 24 hours, it’s been flatter than a pancake at a griddle convention. For most of December, it’s shuffled sideways like a man with two left feet, up just 0.2% in seven days, and still down over 17% in a month. Yikes! 🤦♂️

The broader trend? Still weak as a wet noodle. Folks are now squintin’ at lower timeframes, hopin’ for a spark. A short-term breakout setup’s been whisperin’ sweet nothings to traders, but let’s be clear-breakouts alone are like a wolf in sheep’s clothing. Buyers need more than hot air to prove strength.

Short-Term Breakout Setup Needs Confirmation (And a Bit of Luck)

On the four-hour chart, PI’s tryin’ to waltz into an inverse head-and-shoulders pattern-a fancy dance step that often pops up near bottoms. The “neckline” sits at $0.208. A close above that might open the door to $0.216, a mere 3.5% climb. But hoo boy, that’s just the first step in a long shuffle. 🎩

Support’s hangin’ tight at $0.203. Lose that, and the pattern crumbles faster than a house of cards in a hurricane. Drop below $0.200, and the whole setup goes belly-up, leavin’ momentum to sprint back to the downside like a hound dog chasin’ a squirrel. 🐾

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter-’cause who doesn’t wanna sound smart at parties? 🎩

Now, hold your horses… there’s a bit of a twist with this Chaikin Money Flow (CMF). It’s finally cracked its descending trendline, which is like seein’ a frog wear a top hat-strange but not entirely impossible. If CMF clings to zero on the four-hour chart, it’s a hint fresh demand might be sippin’ from the trough. But if it falls back under zero? Well, that breakout’s just a ghost town. 👻

Right now, PI’s in a trigger zone, not a full-blown recovery. To get the lowdown on this breakout-led recovery theory, we gotta squint at the daily chart indicators-’cause sometimes the truth’s in the fine print. 🕵️♂️

Dip Buyin’? Maybe. Bear Market? Probably. 🐻

On the daily chart, PI’s still stuck in a bearish no-man’s-land. Between Dec. 19 and 29, it slumped while the Money Flow Index (MFI)-a fancy term for “dip buyin’”-hit a higher high. That’s a tiny bullish wink, suggestin’ buyers are lurkin’ in the bushes. But let’s be real: a single wink won’t win you a dance-off. 🕺

The daily range’s still hemmed in by resistance at $0.213 and support at $0.191. A daily move above $0.213 would be the first real sign buyers are ready to rumble. That level matters more than the four-hour breakout ‘cause it’s got the weight of a mountain behind it. 🏔️

If PI cracks $0.216 (the four-hour target), it’ll rocket past $0.213 like a steamboat on a Mississippi flood. That’s the real money in the cookie jar. From there, it could eye $0.248-a level it’s been starin’ at since Nov. 29. Only then does bullish momentum start smellin’ like a pot of gold. 🤑

But if it drops below $0.191? All setups go poof, and the market resets to bearish control-like a busted watch in a junkyard. Better luck next time, partner. 🎲

Read More

2025-12-29 14:47