The Pi Network price surged sharply over the past 48 hours, breaking key resistance zones to touch a local high near $0.77. This breakout follows a prolonged period of low volatility and consolidation, hinting at renewed trader interest. As of writing, the Pi Network price today is hovering around $0.736 after a minor pullback from intraday highs, still holding most of its recent gains.
The 4-hour chart shows a textbook breakout above the $0.60–$0.65 supply zone, supported by bullish volume and a confirmed break of descending resistance. This marks a major shift in Pi Network price action, especially as it reclaims levels not seen since April’s breakdown.
Pi Network Price Update: RSI, MACD, and Fib Confluence Point
Momentum indicators suggest the market may be approaching a near-term exhaustion point. The Relative Strength Index (RSI) on the 30-minute chart has cooled off slightly to 70.71 after briefly peaking above 80, indicating overbought conditions. Meanwhile, the MACD histogram is contracting and showing early signs of bearish divergence, hinting that upward momentum may slow unless bulls retake $0.77 quickly.
On the daily timeframe, the Pi Network price recently tagged the 0.786 Fibonacci retracement level at $0.737, a zone that often acts as significant resistance. A clean break above $0.74–$0.77 could open the door toward $0.80 and potentially $0.93 (1.618 Fib extension). Conversely, failure to hold above the $0.70–$0.72 region could see price retrace back toward $0.67 or even the $0.63–$0.61 consolidation base.
Why Pi Network price going up today?
The current Pi Network price spike can largely be attributed to a breakout from a multi-week triangle formation seen on the 4-hour chart. This pattern had been compressing since mid-April, and the sudden upward breach came as volume surged and bulls defended the $0.58–$0.60 support zone. Price sliced through multiple EMAs and short-term resistance lines in quick succession, leaving limited supply zones before the $0.77 area.
Also notable is the bullish Stochastic RSI on the 4-hour chart, with both %K and %D lines crossing into overbought territory. This reinforces the bullish bias, although it may signal an upcoming cooldown phase or consolidation around $0.73–$0.75 before another leg up.
Outlook for May 10: Expect Consolidation Before Next Move
With the Pi Network price today showing signs of hesitation near resistance, a consolidation range between $0.72 and $0.76 is likely in the short term. If bulls hold the higher low structure and continue to defend the breakout trendline, the next breakout attempt could target $0.80 or higher. On the flip side, a drop below $0.70 could invite deeper correction toward the $0.67 support level.
In summary, the Pi Network price update signals a bullish structural shift, but indicators suggest that the sharp rally may need to cool down before another impulse wave. Traders should monitor the $0.72 support zone and $0.77 resistance for clues on the next directional move.
Pi Price: Key Levels to Watch
| Level Type | Price Range |
| Resistance Zone | $0.77 – $0.80 |
| Immediate Support | $0.72 – $0.70 |
| Fib Resistance | $0.737 (0.786) |
| Bullish Target | $0.93 (1.618 Fib) |
| Bearish Pullback | $0.67 – $0.63 |
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
