Pi Coin Logs Big-Money Inflows; Traders Eye 23% Breakout

Pi Coin recorded sustained capital inflows during an April–May cup-and-handle consolidation. The Chaikin Money Flow read about 0.06 and trended higher since April 1, and the Relative Strength Index showed a hidden bullish divergence between Feb. 16 and May 3. A daily close above $0.20 would project roughly 23.62% upside to about $0.247 based on the pattern’s measured move.

The cup portion formed between March 21 and late April. Sellers pushed price into a tightening handle on April 29 after repeated rejections at the $0.20 horizontal resistance. The cup-and-handle pattern is a continuation setup in which the measured move from a breakout above the cup lip is used to estimate a target roughly 23.62% above the breakout level.

Between Feb. 16 and May 3 the Pi Coin price made a higher low while the RSI made a lower low, a configuration known as hidden bullish divergence. The Chaikin Money Flow, which combines price and volume to assess capital flow, stayed above zero during the handle period, indicating net inflows rather than the outflows that often follow a sharp rejection.

Pi Coin’s correlation with Bitcoin over the past month was about 0.23, while Bitcoin rallied roughly 20% in the same period. The low positive correlation indicates Pi’s price moves were only weakly linked to Bitcoin’s recent rally.

At the time of the analysis Pi traded around $0.182. Immediate resistance sat near $0.189, roughly the 0.5 Fibonacci level. A daily close above $0.189 would open the path to the $0.20 cup lip; a clean break above $0.20 would activate the cup-and-handle measured target near $0.247. Intermediate upside levels include the 1.0 Fibonacci at $0.207 and the 1.618 extension at $0.230.

Downside support is concentrated. Holding $0.179, the 0.236 Fibonacci level, keeps the pattern intact. A drop to $0.172 would test the cup’s bottom anchor, with the next chart support at $0.167. A break below $0.163 would invalidate the cup-and-handle setup.

A daily close above $0.20 would activate the pattern’s target near $0.247. A decisive close below $0.163 would negate the pattern and open the path to lower support levels.