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The price of the Pi coin has seen a sudden, roller coaster-like rotation during the past month. Between January 14 and February 11, Paycoin fell over 38% as sentiment collapsed and sellers took control. But the trend changed quickly. Since February 11, Pi Coin has risen as much as 58% before correcting again.
Now, the sentiment is improving again towards the native token of the Pi Network, and the charts show that this correction cannot be a reversal. Instead, it may be in preparation for the next launch. Momentum, money flow and price structure now explain why a 60% bigger move may still be possible.
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The mood collapse and recovery explain the erratic movement of BeiCoin
Investor sentiment played a big role The latest fluctuations of BeiCoin. Positive sentiment, which measures how optimistic investors are based on social and market data, fell sharply between December and early February. The emotion score fell from 9.06 in early December to almost zero by February 4th.
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This collapse was in line with the previous limited movement of Bicoin and the price drop of 38% after January 14.
However, sentiments began to improve again after February 4. By February 17, the score had recovered to 3.82, in line with the sharp increase in prices between February 11 and February 15 (over 58%). While it is still below the previous highs, this emotional rebound appears, before or after the rise, confidence gradually returns.
This change helps explain why its downward current is reversed coming soon And start to recover. But recovery itself is not random. A subtle technical breakthrough followed.
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The discovery pattern has been completed, but are dip buyers still active?
coin Pi formed A head and shoulders reversal pattern, which is a bullish structure that indicates a trend reversal after a decline. This pattern ended on February 14th and pushed Pi Coin up about 26% towards its $0.206 level.
This level served as a breakout target, and once reached, many traders made profits. This explains the large upper wick and the sharp drawdown that follows. However, the money flow index (MFI) tells a deeper story. The IMF measures buying and selling pressure by combining price and volume. When the IMF forms higher lows, this may indicate continued periods of low calorie intake.
Despite the correction, the index’s average investment index remained high, quite close to its recent local peak. This confirms that dip buyers have been active and present even during the pullback.
This behavior often appears when investors are setting up for another bullish move. This raises the following question. Why do buyers still pile in after the discovery goal has already been achieved? The answer appears in PayCoin’s current price structure.
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The bull flag and EMA crossover show the formation of the future breakout structure
After completing its first breakthrough, Paycoin entered a 19% consolidation from $0.206. This consolidation forms a bull flag pattern. A bull flag is a continuation pattern where the price stops briefly before starting another rise.
Meanwhile, Paycoin’s moving averages (EMA) are indicating increasing strength. The 20-period EMA is now approaching a crossover above the 50-period EMA, a potential bullish crossover. Average market averages measure price over time, and when short-term averages exceed long-term averages, they indicate strengthening momentum.
This alignment explains why dip buyers keep coming in.
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However, timing is crucial. If the consolidation continues for a long time, the model can weaken. Bull flags require relatively quick unlocks to be valid. This urgency also explains why the buying pressure has been stable. All of this now highlights the key breakout levels for Pi Coin.
Picoin price targets a 60% move if it crosses the key breakout level
The immediate resistance level is located at $0.184. I tried Pi Coin This level has been reached several times, but has not yet confirmed a breakthrough.
If Pai closes above $0.184, the next targets are $0.204 and $0.242. The full bull flag forecast points towards $0.290, representing a potential 60% upside from the breakout level. However, there are still downside risks.
If Picoin falls below $0.158, the bull flag pattern will be invalidated. An extended sideways move can also weaken the setup if the consolidation becomes too large compared to the original breakout move. Until now, the structure remains intact.
Pi Coin has already completed a launch. Feelings improve. The money flow shows that dip buyers are still active, and the price structure is preparing for another potential rally. The next confirmed move above the resistance will determine if Pi Coin will be able to complete the largest 60% rally installation.
