PI Token’s Chaotic Breakout: Is This a Bull Run or Just a Midlife Crisis?

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PI Network’s native token, PI, did the unthinkable on Friday: it broke through the ‘Resistance Line’ like it’s a cheap date. 💥

The move comes amid crypto’s collective midlife crisis, where technical indicators scream, “BUY! BUY! BUY!” and PI’s like, “Sure, why not?”

Market Sentiment Turns as PI Clears Barrier

During Friday’s trading session, PI had a panic attack and shot up, closing the day above a horizontal channel that had been its emotional support group since August 19. 🤯

That ceiling, now a support floor at $0.3587, is basically the crypto version of a rebound relationship. “Oh look, I’m your new best friend!” 😂

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. (Just don’t cry when it crashes.)

PI Pushes Past Resistance With New Demand

PI’s Chaikin Money Flow (CMF) is currently flirting with the zero line and has a bit of a one-night stand with the upward trend. At 0.04, it’s basically the crypto equivalent of a dating app bio: “I’m into buying stuff.” 😏

CMF measures capital flow like a therapist asking, “Why are you spending money here?” A value above zero means investors are accumulating like it’s Black Friday. 🛍️

In PI’s case, the CMF at 0.04 is screaming, “I’m buying more!” because why not? The market’s a casino and everyone’s in the VIP lounge. 🎰

PI’s also dancing above its 20-day EMA like it’s the floor at a rave and the bulls are the DJ. 🕺 The EMA now sits at $0.3545, acting like a safety net made of memes and hope. 🪂

The 20-day EMA is just the market’s way of saying, “Hey, you’re doing great! Just don’t fall.” But crypto? It’s the king of falling. 🏗️

PI Eyes $0.39 Breakout as Bulls Test Market Strength

If demand climbs, PI might try to break $0.3903, which is basically the crypto version of a “last stop” on the rollercoaster. 🎢 A breach could send it to $0.4661, but if it fails? It’ll probably end up at $0.3391, eating humble pie. 🥧

However, a failed retest of the breakout line could cause PI to return to its sideways pattern, which is just crypto’s way of saying, “I’m fine, thanks for asking.” 😐

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2025-09-13 18:47