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Pi Coin Price Completes Breakout, Now Eyes Another 60% Move?

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Pi Network Sentiment

Pi Coin price has gone through a sharp roller-coaster-like move over the past month. Between Jan. 14 and Feb. 11, Pi Coin fell nearly 38% as sentiment collapsed and sellers dominated. But the trend reversed quickly. Since Feb. 11, Pi Coin surged as much as 58% before correcting again.

Now, sentiment is improving once more for the Pi Network’s native token, and charts show this correction may not be a reversal. Instead, it could be preparation for the next breakout. Momentum, money flow, and price structure now explain why a much larger 60% move may still be possible.

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Sentiment Collapse and Recovery Explain Pi Coin’s Roller-Coaster Move

Investor sentiment played a key role in Pi Coin’s recent volatility. Positive sentiment, which measures how optimistic investors feel based on social and market data, dropped sharply between December and early February. The sentiment score fell from 9.06 in early December to nearly zero by Feb. 4.

Pi Network Sentiment
Pi Network Sentiment: Santiment

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This collapse aligned with Pi Coin’s earlier range-bound move and the 38% price decline post Jan.14.

Erratic Price Action
Erratic Price Action: TradingView

However, sentiment began improving again after Feb. 4. By Feb. 17, the score recovered to 3.82, aligning with the sharp price surge between Feb. 11 and Feb. 15 (over 58%). While still below earlier highs, this sentiment rebound, both before and after the rally, shows confidence is slowly returning.

This shift helps explain why Pi Coin quickly reversed its downtrend and began recovering. But the recovery itself was not random. It followed a precise technical breakout.

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Breakout Pattern Completed, But Dip Buyers Still Active?

Pi Coin formed an inverse head-and-shoulders pattern, a bullish structure that signals a trend reversal after a decline. This pattern completed on Feb. 14 and pushed Pi Coin up roughly 26% toward its $0.206 level.

This level acted as the breakout target, and once reached, many traders took profits. This explains the large upper wick and the sharp pullback that followed. However, the Money Flow Index (MFI) tells a deeper story. The MFI measures buying and selling pressure by combining price and volume. When MFI forms higher lows, it possibly indicates that buyers continue to enter on dips.

Despite the correction, PI’s MFI stayed elevated, close enough to its recent local peak. This confirms dip buyers remained active and present even during the pullback.

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Previous Breakout Target Hit
Previous Breakout Target Hit: TradingView

This behavior often appears when investors position for another move higher. That raises the next question. Why are buyers still accumulating after the breakout target already completed? The answer appears in Pi Coin’s current price structure.

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Bull Flag and EMA Crossover Show Next Breakout Structure Forming

After completing its first breakout, Pi Coin entered consolidation, a 19% dip from $0.206. This consolidation is forming a bull flag pattern. A bull flag is a continuation pattern where price pauses briefly before starting another rally.

At the same time, Pi Coin’s Exponential Moving Averages (EMAs) are signaling growing strength. The 20-period EMA is now approaching a crossover above the 50-period EMA, a potential bullish crossover. The EMA measures the average price over time, and when shorter-term averages cross above longer-term averages, it signals strengthening momentum.

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Pi Coin Breakout Structure
Pi Coin Breakout Structure: TradingView

This alignment explains why dip buyers continue entering.

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However, timing is critical. If consolidation continues too long, the pattern could weaken. Bull flags require relatively quick breakouts to remain valid. This urgency also explains why buying pressure has remained steady. All of this now brings attention to Pi Coin’s key breakout levels.

Pi Coin Price Targets 60% Move if Key Breakout Level Clears

The immediate resistance level sits at $0.184. Pi Coin has tested this level multiple times but has not yet confirmed a breakout.

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If Pi Coin closes above $0.184, the next targets are $0.204 and $0.242. The full bull flag projection points toward $0.290, representing a potential 60% rally from the breakout level. However, downside risk remains.

PI Price Analysis
PI Price Analysis: TradingView

If Pi Coin falls below $0.158, the bull flag pattern would be invalidated. Extended sideways movement could also weaken the setup if consolidation becomes too large relative to the original breakout move. For now, the structure remains intact.

Pi Coin has already completed one breakout. Sentiment is improving. Money flow shows that dip buyers remain active, and the price structure is preparing for another potential breakout. The next confirmed move above resistance will determine whether Pi Coin can complete its larger 60% rally setup.

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Crypto World

MYX Oversold for the First Time

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MYX Correlation To Bitcoin

MYX Finance has entered a critical phase after weeks of intense selling pressure. The token has suffered a steep decline amid broader bearish crypto market conditions. 

Heavy profit-taking and forced exits accelerated the fall. MYX has now become a focal point of concern among traders

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MYX Finance Token Forms History

MYX’s correlation with Bitcoin has shifted sharply since February 8. The coefficient improved from negative 0.42 to positive 0.47. This change indicates that MYX is increasingly tracking Bitcoin’s price movements.

However, this alignment presents risk. Since February 8, Bitcoin has remained in consolidation without meaningful recovery. A stronger positive correlation suggests MYX may continue mirroring Bitcoin’s weakness. Without a BTC breakout, bearish conditions could persist for MYX.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

MYX Correlation To Bitcoin
MYX Correlation To Bitcoin. Source: TradingView

The Money Flow Index highlights the intensity of recent selling. The indicator shows severe capital outflows as investors rushed to exit positions. Panic selling, combined with leveraged liquidations, intensified downward pressure.

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This wave of capitulation has pushed MYX into oversold territory for the first time in its trading history. Typically, oversold conditions suggest selling may slow as value-focused buyers step in. In many cases, such readings precede short-term relief rallies.

MYX MFI
MYX MFI. Source: TradingView

However, context matters. Oversold signals alone do not guarantee immediate recovery. Broader market weakness and fragile sentiment could delay accumulation. If Bitcoin fails to stabilize, MYX may struggle to attract fresh capital despite extreme technical readings.

MYX Price Bounce Back Unlikely

MYX price is down nearly 30% in the past 24 hours. The token trades at $1.50 at the time of writing. This sharp drop compounds a 70% decline recorded since February 8, reinforcing the scale of the correction.

Current technical and macro signals suggest further downside risk. Continued correlation with Bitcoin and persistent outflows could pressure MYX lower. A retest of the $1.22 level appears plausible before oversold conditions trigger meaningful stabilization.

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MYX Price Analysis.
MYX Price Analysis. Source: TradingView

Conversely, investor behavior could shift sooner than expected. If holders halt selling and begin accumulating at discounted levels, momentum may change. Reclaiming the $1.68 support level would mark an early recovery signal. A confirmed bounce could open MYX price’s path toward $2.01 and potentially higher, invalidating the prevailing bearish outlook.

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Crypto World

Stripe-Owned Bridge Gets OCC Conditional Approval for Bank Charter

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Stripe, Government, Banks, Stablecoin

Stablecoin platform Bridge, owned by the payments processor Stripe, said it had received conditional approval to operate as a federally chartered national trust bank under the US Office of the Comptroller of the Currency (OCC).

In a Tuesday notice, Bridge said it had received conditional approval from the banking regulator, allowing the company to “operate stablecoin products and services under direct federal oversight” once fully approved. Bridge said the charter would allow it to offer custody of digital assets, issue stablecoins and manage stablecoin reserves.

“Our compliance framework already positions Bridge to be GENIUS ready,” said the company, referring to the stablecoin bill signed into law in July 2025. “Now achieving a national trust bank charter will provide our customers the regulatory backbone they need to build with stablecoins confidently and at scale.”

Stripe, Government, Banks, Stablecoin
Source: Bridge

Bridge is one of several crypto-aligned companies seeking a national trust bank charter from the OCC following the passage of the GENIUS Act. In December, the agency conditionally approved applications from BitGo, Fidelity Digital Assets and Paxos to convert their respective state-level trust companies, and conditionally approved Circle and Ripple for national trust bank charters.

Related: Bankers push OCC to slow crypto trust charters until GENIUS rules clarified

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According to OCC records, Bridge applied for a bank charter in October and was given approval on Feb. 12. Stripe acquired the platform in 2025 as part of a $1.1 billion deal for the company to support stablecoin payments.

In a Wednesday letter, the American Bankers Association (ABA) urged the OCC to slow its approval of crypto companies for national bank trust charters, saying rules under the GENIUS Act were still unclear. According to the banking group, companies could use national trust charters to essentially bypass oversight by US financial regulators.

“[…] ABA strongly encourages OCC to be patient, not measure its application decisioning progress against traditional timelines, and allow each charter applicant’s regulatory responsibilities to come fully into view before moving a charter application forward,” said the letter.

US policymakers still considering how to handle stablecoin rewards

As US lawmakers in the Senate advance bills to establish a comprehensive digital asset market structure framework, White House officials continue to meet with representatives from the crypto and banking industries to address stablecoin yield. Addressing stablecoins within the market structure bill, as well as issues related to tokenized equities and conflicts of interest, could be a sticking point for many lawmakers ahead of a potential vote in the Senate.

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