The Pi Coin price today is trading around $0.732, showing marginal losses intraday as bulls struggle to clear a tightening consolidation range. After a sharp retracement from the May 12 high near $1.65, the Pi Coin price action has entered a contracting wedge, forming a symmetrical triangle on the 4-hour chart. The apex of this structure is nearing, suggesting a breakout move is likely in the next 24 hours.
Despite continued sideways movement, the Pi Coin price update shows buyers defending the key support region between $0.705 and $0.722, which has held firm since the May 17 dip. While volatility remains suppressed, compression near the $0.73 mark indicates a breakout setup is brewing.
Why Pi Coin Price Going Down Today?
The recent Pi Coin price volatility stems largely from broader consolidation in altcoins and fading speculative volume around PI’s earlier surge. As the coin failed to reclaim the $0.75–$0.78 resistance zone over the weekend, traders opted for caution, especially as several indicators turned mixed. The pullback from $0.7488 now aligns with the 0.236 Fibonacci level, which is acting as a near-term ceiling.
From a momentum standpoint, RSI (14) on the 30-minute chart has dipped to 47, showing lack of bullish strength, while the MACD histogram flattens below the zero line—pointing to indecision. The Stochastic RSI, however, has just crossed bullishly from oversold territory, suggesting a minor recovery could materialize before the next decisive move.
Key Patterns and Levels Driving Pi Coin Price Action
The symmetrical triangle drawn from the $0.80 highs and higher lows near $0.705 now dominates short-term Pi Coin price action. A breakout above the triangle’s upper trendline and $0.7460 will likely open the door for a retest of the $0.78–$0.80 region, which coincides with both the 200 EMA on the 4-hour chart and the upper Bollinger Band.
On the downside, immediate support lies at $0.722 and $0.7128, with the latter aligning with the 38.2% Fibonacci retracement. A sustained break below $0.705 could send Pi Coin price back toward the lower support band near $0.666 and possibly $0.620 in a deeper correction.
The Chande Momentum Oscillator reading of -40.7 supports the neutral-bearish outlook for now, but rising higher lows on the daily structure hint that bulls are not completely out of play yet.
Short-Term Outlook for Pi Coin
Until the symmetrical triangle breaks decisively, Pi Coin price volatility will likely remain range-bound between $0.712 and $0.748. The Bollinger Bands are tightening on the 4-hour chart, reinforcing this view. For bulls, reclaiming $0.75 and holding above $0.765 would signal strength, while failure to hold the $0.705–$0.712 band could reignite bearish pressure.
Here’s a breakdown of the current short-term forecast:
| Level | Zone |
| Resistance 1 | $0.7488 (local top) |
| Resistance 2 | $0.7650 (BB upper band) |
| Support 1 | $0.7227 (Fib 0.5) |
| Support 2 | $0.7050 (trendline base) |
| Support 3 | $0.6663 (critical demand) |
| MACD (30-min) | Weakening momentum |
| RSI (30-min) | 47.5 (neutral-bearish) |
| Stoch RSI | Bullish crossover forming |
| ChandeMO | -40.7 (bearish bias) |
Although the Pi Coin price today shows limited movement, the converging triangle suggests a breakout may be close. Whether bulls or bears take control hinges on price behavior near $0.7460 and $0.7128 in the next few sessions. Traders should monitor breakout confirmation with volume spikes before positioning for any extended move.
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