Is Pi Coin Price Attempting Another Cup-and-Handle Breakout? One Level Decides It

The Pi Coin price has steadied into early September. It’s down 2% month-on-month, up 0.6% over seven days, and about 1% in the last 24 hours—muted moves for a token still 60% lower year-on-year.

That restraint, however, is precisely why the current structure matters: a bullish cup-and-handle could be taking shape again. But underneath the fractal, other things are cooking up as well for the Pi Network.

Buying And Bullish Pressure Build Beneath The Pi Coin Price

The Money Flow Index (MFI)—a volume-weighted momentum gauge that indicates whether actual money is flowing in (buying) or out (selling)—has rebounded to 66 on the 4-hour chart, even as the PI price wobbled.

In plain trading terms, buyers are quietly absorbing dips. If MFI pushes through 75–76, it would mark a higher high in money flow against a still-fragile trend, a classic sign that buyers are taking control rather than just defending supports.

That pattern lines up with the Bull–Bear Power (BBP) histogram, which compares price extremes to a moving average to reveal who’s in charge.

Green clustering has returned, much like late August, when bulls wrestled back momentum ahead of Pi Coin price’s month-end burst. Put together, the MFI up-drift plus a positive BBP phase argues that real buy-side pressure is building underneath the Pi Coin price.

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Fractal Watch: The Cup-and-Handle; and Why $0.39 Is The Decider

We’ve seen this movie earlier. Between Aug 22–29, a clean cup-and-handle breakout carried the Pi Coin price from roughly $0.35 to $0.39—an 11–12% move that followed the textbook Cup-and-handle playbook.

A similar setup may be forming now, but it hinges on the neckline zone at $0.39 (with $0.3950 and $0.3983 the precise pivots on the 4-hour chart). A decisive 4-hour close above $0.39 would “activate” the pattern and unlock the measured move of almost 19%. However, for that, the bulls will still have to stay in control, and the MFI needs to keep trending upwards or at least stay steady.

Note: The Pi Coin price still has a long way to go. If and when the cup forms post-hitting $0.39, we need to wait for a quick consolidation (or rather handle formation). The 19% projection would be from when the Pi Coin price breaks past the handle, cleanly.

Until that break, it’s just potential. Failing to clear the neckline ensures that the Pi Coin price stays range-bound. And losing $0.33 on a 4-hour closing basis would invalidate the short-term bullish hypothesis. And that would prime the Pi Coin price to test its all-time low of $0.32.