PI Network Set for 24% Rally After Cup-and-Handle Breakout
PI Network price has fallen 2.85% over the past 24 hours and lost 13% in the last month, but technical indicators suggest a bullish reversal. On the 4-hour chart, PI Network price formed a classic cup-and-handle pattern, with resistance at $0.48 marking the handle’s boundary. A sustained breakout above this level could fuel a rally of up to 24%.
Supporting this view, the MACD histogram is shifting from dark to light orange, indicating fading selling pressure, while the signal line sits below the MACD line—a setup often preceding a rebound. Meanwhile, the Money Flow Index is approaching the positive zone, pointing to renewed liquidity inflows. Community Sentiment data reinforces the bullish case: 82% of 4.2 million investors expect an impending rally, which could drive further buying volume.
Traders should still watch broader market conditions, as overall crypto sentiment and macro factors will influence the timing and strength of PI Network’s anticipated upswing.
Bullish
The news is classified as bullish because PI Network’s formation of a cup-and-handle pattern historically signals a reliable breakout, often matching the depth of the cup in upside gains—in this case approximately 24%. The MACD histogram’s color shift and the approaching positive territory on the Money Flow Index further support diminishing selling pressure and renewed buying interest. Additionally, 82% of surveyed investors expect a rally, which can create self-fulfilling momentum as demand surges. Similar patterns in altcoins like Chainlink (LINK) and Stellar (XLM) have preceded comparable rallies when technicals aligned with strong community sentiment. In the short term, traders may witness a retest of handle support before a swift breakout. Long term, if macro sentiment remains favorable, PI Network could sustain higher price levels and attract further inflows as market confidence builds.