This article presents the current situation of Pi Coin price, market dynamics, and predictions for the coming days.
Current Situation of Pi Coin Price
As of the time of writing, the price of Pi Coin is approximately $0.6297, reflecting a 9% increase compared to the previous day. The support level has been established in the $0.59–$0.60 range, which traders are now focused on, while the nearest resistance is seen around $0.66.
Pi Coin Chart Analysis
On the daily chart, Pi Coin's price has broken above a descending trendline that has constrained growth since March. The bullish candle on May 8 closed above the 9-day EMA, indicating a possible trend reversal if buyers can maintain these levels. The important support area remains at $0.56–$0.59, which has been tested multiple times over the past weeks.
Prediction for May 9
Today, a retest of the resistance level at $0.66 is expected if the price holds above $0.60. A clear move above $0.66 with sufficient volume could lead to an increase towards the $0.70–$0.75 range. If price falls below $0.59, there is a risk of dropping to $0.56, which could put the current breakout into question.
The current market situation for Pi Coin shows mixed signals, but the overall sentiment remains neutral to somewhat bullish if price holds above $0.60. Keep a close watch on the $0.66 level.
