Pi Coin is showing strong signs of recovery after breaking out of a two-month-long downtrend. As market sentiment improves and the altcoin season appears to be returning, Pi Coin could be poised for a major breakout.
Currently, Pi Coin’s Bollinger Bands are tightening—a classic signal of upcoming price volatility. The last time this occurred was in May, and it was followed by a 114% surge. If history repeats itself, another rally could be on the horizon, especially as the broader crypto market leans bullish.
With Bitcoin consolidating and Ethereum leading the altcoin charge, Pi Coin is well-positioned to ride the wave. On-chain data also supports this potential rally, with the Chaikin Money Flow (CMF) indicator trending upward. This suggests increasing capital inflows and growing investor confidence.
Pi Coin is currently trading around $0.47 after several days of sideways consolidation, which has helped it break free from the prior downtrend. The $0.45 level is being closely watched—if it flips into solid support, Pi Coin could target $0.51 and possibly move higher, especially if altcoin momentum picks up.
However, if investors exit early, the price could slide back toward $0.40—its all-time low—undermining the bullish case and putting the altcoin at risk of another retest of its historical bottom.
