Pi Network (PI) creates bullish ‘cup and handle’ pattern, ready for 47% surge?

Jakarta, Pintu News – Pi Network (PI) has declined by 5.3% in the past 24 hours, erasing most of the gains over the past seven days. Nonetheless, a possible bullish pattern forming on the chart suggests significant upside potential, but only if key resistance levels can be crossed soon.

Cup and Handle Pattern Shows 47% Upside Potential

The cup and handle pattern is a bullish continuation pattern that looks like a rounded letter “U” (cup) followed by a smaller descending channel (handle). This pattern on Pi Coin is clearly visible, with the neckline connecting the two edges of the cup slightly sloping upwards. The upward sloping neckline signals an increase in buyer confidence.

It shows that the rim of the right cup is formed higher than the left, suggesting that any bounce occurs at a higher price, a sign of strengthening demand. There is one long wick below the cup (on October 10) that looks like it could break the formation.

However, the wick was a large sale that quickly reversed in the same Pi Coin candle and was never revisited. Therefore, the wick is excluded from the bottom of the cup, as it represents a surge in liquidity rather than a structural low. Based on the pattern, the vertical distance from the cup bottom to the neckline projects a potential upside of 47% from the breakout level.

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Money Flow Indicators Show Signs of Early Recovery

Two of Pi Coin’s key indicators, Chaikin Money Flow (CMF) and Money Flow Index (MFI), now support this structure. CMF measures how much capital is coming in or going out of a token, mainly from large wallets. It fell below zero on October 26 and has formed a lower low, suggesting selling pressure and subsequent handle-specific consolidation.

However, in recent days, the CMF started to curve from -0.12 towards -0.06, signaling that outflows are slowing down and buying activity may be returning. Meanwhile, the MFI, which tracks price and trading volume to gauge buying pressure, also increased after earlier dropping from 58.49.

An increase back above 58 would confirm renewed retail accumulation. If the CMF crosses above -0.06 and the MFI rises above 58.49, it could trigger a handle breakout – the initial stage of a larger bullish move. For a confirmed breakout above the cup neckline, the CMF would need to push above zero, which would mark a clear dominance of large money inflows.

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Key Pi Coin Price Levels to Watch for Potential Upside (or Downside)

PI’s first obstacle is the handle breakout zone near $0.24. A daily close above it could lift the price towards $0.27 and then $0.29, which marks the next resistance cluster. The neckline breakout and the start of a full cup-and-handle move would occur above $0.33. Breaking past that could open a path to $0.37 and $0.39.

On the other hand, $0.21 is a key invalidation level. A daily close below it will weaken the bullish setup. A drop below $0.19 will fully validate the cup pattern. Furthermore, it would likely trigger a new low, indicating that the handle has exceeded its valid range.

Conclusion

With a cup and handle pattern forming, as well as money flow indicators showing recovery, Pi Coin (PI) may be gearing up for a price surge. Investors and traders should pay attention to the key levels mentioned to make the right trading decisions and capitalize on the significant upside potential.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Pi Coin Price Rally Trigger Analysis. Accessed on November 5, 2025
• Featured image: Mudrex