Pi Coin has been moving sideways over the past few days. The price shows some signs of stabilizing after a week of steady decline. At the time of writing, Pi is trading at around $0.58977, slightly up by 0.40% in the last 24 hours. The market looks uncertain, and buyers and sellers seem to be waiting for a stronger signal.
This zone between $0.58 and $0.60 has turned into a key battleground. Now, the focus shifts to whether Pi Coin can break above resistance or if it will slip back toward support.
What you'll learn 👉
Pi Coin Chart Analysis
Looking at the 4-hour chart, we see a weak bearish trend that has started to lose steam. The price continues to move below the 200-day EMA, which often signals that the longer-term trend is still negative. Each time the price tries to move higher, it meets resistance near the EMA. Sellers are defending that level well.
There is strong support around $0.565 to $0.570. This zone has already been tested multiple times, and it held firm. On the other hand, the price faces resistance at $0.600. This level has acted as a ceiling several times in the past week. For now, the price is stuck between these two zones, and a breakout in either direction could decide the next move.
Candles from May 2 to May 5 are small and tight. This shows that the market is in a phase of low volatility. There is no strong momentum in either direction. A breakout could come soon, but the chart does not give a clear hint yet.
Technical Indicators
Here is a quick overview of some key daily indicators for Pi Coin:
| Indicator | Value | Signal | What It Suggests |
|---|---|---|---|
| MACD | -0.043 | Bearish | Momentum is still on the downside |
| CCI | -88.16 | Near Oversold | A possible reversal may come soon |
| Ultimate Oscillator | 41.05 | Weak | Buying pressure is low |
| ROC (Rate of Change) | -6.827 | Bearish | Price has dropped recently |
| Bull/Bear Power | -0.0416 | Bearish | Bears still hold a slight advantage |
| RSI (14, 4H) | 43.05 | Slightly Bearish | Momentum is soft, but not oversold |
Most indicators still point to weak momentum and a slight bearish bias. The MACD is in negative territory, and the Rate of Change confirms a recent drop in price. The CCI is close to -100, which often marks the edge of oversold conditions. If this continues, a short bounce could follow.
RSI is below 50 but not yet near 30, so it reflects a neutral-to-bearish setup. Overall, the indicators show that the market is waiting for a trigger, but sellers are still slightly ahead.
Read also: Expert Predicts Pi Coin Spike to $5: Here’s the Timeline
Pi Coin Price Prediction for May 5
For today, the price is likely to stay in the same narrow range unless a clear breakout happens. If the price climbs above $0.600 with strong volume, Pi could test the $0.615 zone. That would be the first sign of short-term bullish momentum. If it manages to push higher, the next target could be $0.628.
However, if the price falls below $0.580, the support at $0.565 may come into play again. A drop below that would likely open the way toward $0.550.
Right now, the market is undecided. The short-term bias is slightly bearish, but if bulls take control, the price could shift quickly. Traders should watch the $0.600 level closely today, as it may decide which side wins.
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