Crypto World

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

Published

4 weeks ago

17 February 2026

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.

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

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.

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.

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.

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.

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

ASIC has Warned Against Listening to Finfluencers and AI Financial advice

Published

4 minutes ago

16 March 2026

NewsAdmin

Australia’s financial regulator has urged young investors not to rely on social media influencers and artificial intelligence chatbots to make financial decisions, according to a study that also found that one in four “Gen Zs” invest in crypto.

The Australian Securities and Investments Commission (ASIC) posted the results of a survey on Sunday, finding that Gen Z has high levels of trust in “often unreliable sources,” which has contributed to riskier financial decisions.

“Moneysmart’s Gen Z study found that while Gen Z has a strong appetite for reputable and trustworthy financial content, many struggle to find it – and their search often leads them to sources designed for engagement rather than accuracy,” said ASIC.

ASIC took action against influencers over their financial social media content last year in June, issuing warning notices to 18 influencers “suspected of unlawfully promoting high-risk financial products and providing unlicensed financial advice.”

The latest survey, conducted between Nov. 28 and Dec. 10 last year with 1,127 respondents between 18 and 28, found that 63% of the group uses social media for financial information and guidance, while 18% use artificial intelligence (AI) platforms and 30% said they use YouTube specifically.

It also found that 56% of Gen Z say they “somewhat or completely trust” financial information on social media, with 52% saying the same of “finfluencers” — social media influencers primarily covering financial or investment niches who appear well-versed in finance.

AI, however, was the most trustworthy among Zoomers, at 64%.

ASIC calls for caution on crypto influencers

The survey also showed that 23% of Gen Z now own crypto in Australia, with 29% of these trading based on social media and influencer content, prompting a warning that influencers may “set unrealistic expectations” about investment returns, market volatility, and the intricacies of long-term investing.

*Breakdown of Gen Z crypto activity. Source:* *ASIC*

Speaking with the Australian Financial Review (AFR) on Sunday, ASIC commissioner Alan Kirkland said the regulator has been keeping an eye on marketing activity designed to drive people to make investments, noting some of them are scams.

“We’re conscious that there’s a lot of marketing activity on social media to encourage crypto investment, and our work has shown some that is actually encouraging people to invest in scams,” Kirkland said.

“It’s really important for people to be aware of those risks, because you don’t see that same volatility in other types of investments and often that volatility is driven by forces that it’s impossible for an individual sitting in Australia to understand,” he added.

Kirkland also flagged Australian superannuation funds — a $4.5 trillion market made of retirement funds — as an area in which unqualified influencers are offering advice.

“We see it most where people are lured in through social media ads and then encouraged to switch their super, because super is often people’s most valuable asset, and that’s why disreputable people often target it and why it can be so tragic if people are encouraged to put it into a risky investment,” he said.

ASIC has AI financial advice in its crosshairs

Kirkland also told the AFR that ASIC is “watching very closely” what types of financial information are being derived from AI tools. The commissioner warned that licenses are required for anything that gives out information representing concrete financial recommendations.

“It is clear under Australian law that if any entity is giving financial advice, they need to be licensed. So if an AI tool, whoever’s providing it, is actually making recommendations about individual financial products, taking into account individual circumstances, that would be personal advice, so it needs to be licensed,” he said.