- Pi coin price breakout from $0.37 signals a potential rally to $0.45.
- Key resistance at $0.39 could lead to a 20% upside move.
- Strong volume supports Pi coin’s bullish trend toward $0.45.
Pi coin price is in a strong bullish trend since it has broken out of an Adam and Eve pattern and may be on the road to a rising trend. Having a major opposition at $0.39, an upsurge beyond it might propel the price to $0.45 and it might move even higher. It is essential to be over $0.37 to maintain momentum and with strength, Pi coin may even aim at 0.65 in the longer term. The graph is encouraging regarding future profits.
Pi Coin Breaks Out from Adam and Eve Pattern with Bullish Potential Ahead
The pattern of the Pi coin shows a familiar textbook Adam and Eve chart of a bullish reversal pattern. The trend is usually an indication that the down trend is over and a potential rally is commencing. The Adam phase depicts a steep fall then a curved Eve base, in which the price had solid support around $0.34.
The breakout above the neckline that occurred recently, at a price level of $0.37, confirms the validity of this pattern because Pi coin price action has shifted decisively through this price resistance area, which is at first a bullish signal.
This action indicates that the Pi coin is most likely to be on the short-term rise. The second area of critical resistance is at approximately $0.39, which was a past peak in late August. In case this level is filled with high volume, the price may aim at the $0.45 level, and this is in line with the measured move of the Adam and Eve pattern.
Volume is an important factor that helps in validating the strength of this breakout. The recent rise of the volume promotes the bullish argument and proves that buyers are gaining control. Nevertheless, a drop below the support of 0.36 may result in the pullback to re-examine the 0.34 area which would be a critical area to sustain.
In the bigger perspective, the Pi coin chart is trying to balance after an extreme fall in August. A longer-term position at a price higher than the $0.37-$0.39 area could lead to future returns, possibly to a high of $0.50 and even $0.65 in the future.
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