Pi price increases by 11% but must face risks from technical patterns

Since the end of February, the price of Pi has increased by approximately 11%, but the overall picture shows warning signs that should not be ignored. The latest data indicates the current price at $0.21, down 7.93% in the past 24 hours, reflecting high market volatility during this period.

Warning Signals from Inverted Cup and Handle Pattern

Technical analysis shows that Pi’s chart is forming an inverted cup with handle pattern, which is often considered a weakening signal. This pattern typically indicates a potential deeper correction in the near future, especially when market conditions are unfavorable.

Contradiction Between Investor Group Activities

Notably, there is unusual activity in the investor structure. Volume and cash flow data show retail investors increasing buying and selling activity, appearing optimistic about the price outlook. However, large investors are trending toward selling, creating strong selling pressure that could undermine the sustainability of the current recovery.

Key Price Levels to Watch Closely

To accurately assess the situation, traders should focus on key price levels. The main support at $0.161 is the first barrier to defend, while resistance at $0.193 and above must be surpassed to confirm an upward trend. If the price cannot hold above $0.161, reaching new lows around $0.122 is entirely possible. These price levels will serve as important reference points for future trading decisions.