Pi Coin is approaching the end of the week with fading momentum after a sharp breakout and correction earlier this month. After reaching a local high near $1.80 in early May, the token pulled back and is now trading just above $0.81. While Pi Network price action has stabilized above the $0.80 level, declining volume and resistance at the descending trendline are keeping the market in a holding pattern.
Let’s break down today’s outlook.
📅 What We Got Right Yesterday
In our previous prediction, Pi Coin was hovering just below the descending trendline, and we outlined three scenarios depending on how the price would react to this resistance. We noted that a breakout above $0.85–$0.87 could trigger the next bullish move toward $1.00–$1.40, while a rejection might send it back toward the $0.75–$0.70 support zone. So far, Pi Coin price has respected the $0.80 level but hasn’t made a convincing move higher, supporting our neutral scenario for now.
We also emphasized the importance of volume confirmation, which did not arrive. Instead, trading activity shrank, reinforcing the view that buyers may be cautious or waiting on a catalyst before stepping in.
📊 Pi Coin Daily Overview (May 23)
- Current Price: $0.8192
- 24h Change: -0.70%
- 4H RSI: 53.43
- Trendline Test: Price still hovering near descending resistance
The Pi Coin price is attempting to break out of a short-term downtrend, but the lack of momentum has resulted in small-bodied candles and reduced volatility. The key resistance remains near $0.85, while strong support sits around $0.75. If $0.75 is lost, $0.70 and $0.65 are the next major levels to watch.
🔍 What the Pi Coin Chart Is Showing
Pi Coin’s daily chart continues to reflect a breakout-retest structure. The earlier rally from $0.40 to $1.80 has been followed by a controlled pullback, but the price is now pressing against a declining trendline that started from the recent peak.
The candles show indecision, with long upper and lower wicks forming around the trendline. This indicates a market still uncertain about direction. Without volume to support a breakout, the pattern risks failing. If Pi Coin price does close above $0.85 with momentum, the next leg toward $1.00 remains possible. But a failure to do so soon could tilt momentum back to the downside.
📈 Technical Indicators (Daily Timeframe)
| Indicator | Value | Signal / Interpretation |
| RSI (14) | 52.42 | Neutral, balanced between bulls and bears |
| ADX | 33.24 | Strong trend present, Buy |
| MACD (12,26) | +0.028 | Weak bullish crossover, Buy |
| CCI (14) | -15.71 | Neutral, no strong momentum |
| Ultimate Oscillator | 46.05 | Weak momentum, Sell |
| ROC | 27.18 | Strong upside momentum, Buy |
| Bull/Bear Power | +0.056 | Slight bullish control, Buy |
Summary: Technical indicators are mostly neutral-to-bullish. The ADX and ROC suggest a continuing trend, while MACD supports mild upside. However, the Ultimate Oscillator flashes caution, indicating weakening momentum behind the current push.
🔮 Pi Coin Price Prediction Scenarios
Bullish Scenario: A breakout above $0.85–$0.87 with strong daily volume may send the price toward $1.00–$1.30.
Neutral Scenario: If Pi Coin price continues to trade between $0.75 and $0.85 with low volume, expect range-bound movement.
Bearish Scenario: A drop below $0.73 could lead to a retest of $0.70. If that fails, the price may fall toward $0.65.
🧠 Wrapping Up
The Pi Coin market remains on watch as it trades at a decision point. Bulls are trying to push through trendline resistance, but weak volume and mixed momentum indicators suggest hesitation. While upside potential remains intact, price must confirm the breakout soon to avoid a deeper pullback.
For now, $0.85 is the level to beat. Until that happens, consolidation between $0.75 and $0.85 appears to be the most likely path.
Read Also: Dogwifhat (WIF) Price Eyes Breakout Above $1.30 – Could a 40% Rally Be Next?
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