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After surging nearly 160% over the past week, the Pi Coin price today is showing its first signs of exhaustion. Currently trading around $1.21 after a high of $1.30 on May 14, Pi is retreating toward the key short-term support near $1.144. While Pi Coin price spikes recently defied broader market volatility, short-term momentum has weakened across indicators, raising the possibility of a correction or sideways consolidation.
On the 4-hour chart, Pi had been moving within an expanding Bollinger Band structure until May 13, when it broke out past $1.30 and tapped highs near $1.47. However, the move lacked follow-through. A sharp selloff followed, dragging price back to the midline of the Bollinger Bands ($1.16) — now acting as interim support.
The Pi Coin price action now appears to be carving a descending triangle on lower timeframes, with $1.144 forming the base and $1.33 acting as the current rejection point. This is visible clearly on the 30-minute chart, where candles have repeatedly failed to break above the sloping upper trendline.
The daily chart remains struct…
The post Pi Coin (PI) Price Prediction for May 15 appeared first on Coin Edition.
Read More
After surging nearly 160% over the past week, the Pi Coin price today is showing its first signs of exhaustion. Currently trading around $1.21 after a high of $1.30 on May 14, Pi is retreating toward the key short-term support near $1.144. While Pi Coin price spikes recently defied broader market volatility, short-term momentum has weakened across indicators, raising the possibility of a correction or sideways consolidation.
On the 4-hour chart, Pi had been moving within an expanding Bollinger Band structure until May 13, when it broke out past $1.30 and tapped highs near $1.47. However, the move lacked follow-through. A sharp selloff followed, dragging price back to the midline of the Bollinger Bands ($1.16) — now acting as interim support.
The Pi Coin price action now appears to be carving a descending triangle on lower timeframes, with $1.144 forming the base and $1.33 acting as the current rejection point. This is visible clearly on the 30-minute chart, where candles have repeatedly failed to break above the sloping upper trendline.
The daily chart remains struct…
The post Pi Coin (PI) Price Prediction for May 15 appeared first on Coin Edition.
Read More