PI Coin Price Prediction for May 24: Breakdown Threatens as Bulls Struggle to Hold $0.78

After climbing above $0.85 last week, the Pi coin price is now showing signs of weakness. The sharp rejection from the $0.87 area has pulled the token back below critical moving averages, with bears pushing a breakdown below $0.80. The short-term structure now tilts toward further weakness unless bulls reclaim key trendline and EMA support.

What’s Happening With Pi Coin’s Price?

The Pi coin price action has shifted from bullish consolidation to a mild selloff over the past 48 hours. On the 4-hour chart, Pi recently lost the 20, 50, and 100 EMA zones near $0.80, closing below $0.786 for the first time since the May 18 breakout. This breakdown came after a sustained rally that briefly tagged $0.87, driven by short-term bullish sentiment.

Pi is now entering a key demand zone between $0.775 and $0.760. This region acted as accumulation before the previous breakout and aligns with prior support zones highlighted by the Chande Momentum Oscillator and SR channel levels.

Lower Timeframes Show Bearish Pressure Mounting

On the 30-minute chart, Pi has broken below a rising trendline and is consolidating just above $0.78. While the candle bodies remain above this level for now, bearish pressure is evident, especially as intraday EMAs compress and slope downward. RSI has plunged to 29.34, indicating extreme oversold conditions.

The MACD has also flipped bearish with a widening gap between the MACD and signal lines, suggesting continued downside pressure unless bulls reclaim ground quickly.

Ichimoku analysis shows Pi slipping below the cloud on the 30-minute chart, with the Kijun-Sen and Tenkan-Sen lines now in a bearish crossover. The Chande Momentum Oscillator reads -56.63, pointing to strong downside momentum and a possible test of the $0.76 level.

Why Pi Coin Price Going Down Today?

The question is: why is the Pi coin price going down today after last week’s strength? The answer lies in a mix of overbought signals, weak volume follow-through, and broader market hesitation.

Despite reclaiming $0.80 last week, the Pi coin price update reveals that buyers failed to defend key breakout levels. With Bitcoin and the broader market consolidating, speculative momentum in Pi has cooled, leading to localized profit-taking. Additionally, the rejection from the Bollinger Band upper envelope ($0.8719) has triggered mean reversion, dragging prices back toward the midline near $0.80.

Price action on the 15-minute chart confirms this weakness. Multiple bearish engulfing candles and failed attempts to reclaim the $0.82–$0.83 zone have shifted short-term structure in favor of bears.

Pi Coin Volatility Returns as Bulls Eye $0.76 Rebound Zone

The Bollinger Bands on the 4-hour chart remain expanded, and the current candle is testing the lower band support at $0.7862. A clean break below this level may open the door toward $0.7650 and $0.7400—both of which align with historical accumulation zones and prior breakout support from earlier in May.

However, RSI oversold readings and MACD crossovers suggest that a short-term bounce may be in play. Bulls will need to reclaim $0.8000 with strong volume to flip sentiment back to neutral. Until then, Pi coin price volatility is expected to remain elevated.

Short-Term Forecast: Can Pi Hold the $0.76–$0.78 Zone?

Looking ahead, the battle zone lies between $0.76 and $0.80. If this range holds, bulls could attempt a retest of the $0.82 resistance, followed by the $0.85 zone. However, if the structure collapses below $0.76, a sharper drop toward $0.72 cannot be ruled out.

As of now, trend momentum is fading, and volatility is expanding—a combination that demands caution for both swing and intraday traders. Watch RSI for a potential bullish divergence and monitor the Ichimoku cloud for any early trend reversal signals.

Pi Coin Price Forecast Table: May 24

The Pi coin price today is in a vulnerable position as it tests crucial support zones. If bulls fail to reclaim $0.80, the broader structure may tilt bearish for the remainder of the week. All eyes now remain on whether Pi can stabilize near $0.76 before momentum erodes further.