Pi Coin Price Plunges to New All-Time Low, But a Breakout May Be Days Away

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After Pi Network’s token slipped below $1 and set a new all-time low, the community has been buzzing with one big question, where is Pi coin headed next? For weeks, PI has been moving sideways with little excitement. 

But now, seasoned crypto traders have spotted a bullish chart pattern that could be the spark for Pi’s next major rally.

Here’s what the analyst sees unfolding.

Pi Coin Forming Bullish Cup-and-Handle on Pattern

A well-known crypto trader, Alpha Crypto, spotted a classic cup-and-handle pattern forming on Pi Coin’s (PI) 4-hour chart. This pattern began forming when Pi Coin slid from late July’s highs, carving a smooth, rounded bottom through early August, the “cup.

This “cup” phase is often a healthy sign in technical analysis, showing that selling pressure has been absorbed and buyers are slowly stepping back in.

From there, Pi Coin rallied into mid-August, tapping the $0.44 resistance level, where it paused and began consolidating...

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