After rallying over 45% from its May 17 low near $0.6595, the Pi Coin price today is trading around $0.732, showing signs of tightening momentum just under the $0.75 resistance. While the coin remains above key short-term EMAs, the recent Pi Coin price action reflects a period of low volatility with no decisive trend move, as traders await confirmation on breakout direction.
What’s Happening With Pi Coin’s Price?
Pi Network price forecast (Source: TradingView)
The 4-hour chart shows a clear descending trendline capping upward movement since the local high near $1.39. Pi Coin price is currently consolidating in a symmetrical triangle just below this trendline and above rising support near $0.71. This coiled structure, combined with declining volume, suggests a breakout could occur over the next 24–48 hours.
Multiple tests of the $0.752–$0.754 zone have failed, marking this area as immediate resistance. Meanwhile, the $0.707–$0.721 range is acting as a buffer zone supported by a cluster of Fibonacci and EMA confluences.
Pi Coin Technical Setup: Indicators Signal Neutral Bias
Pi Network price forecast (Source: TradingView)
Looking at the indicators, the RSI on the 30-minute chart sits at 47.8 — just below the neutral 50 mark — reflecting indecision among bulls and bears. The MACD histogram remains near the zero line with a flat crossover, reinforcing the sideways consolidation in Pi Coin price action.
Pi Network price forecast (Source: TradingView)
On the 4-hour timeframe, the coin is trading near the middle Bollinger Band and below the EMA 50 and EMA 100 levels, both of which are flattening. This indicates a cooling in short-term bullish momentum, but not a breakdown. Pi Coin price volatility is currently compressed, and the narrowing Bollinger Bands suggest a larger move is imminent.
Why Pi Coin Price Going Down/Up Today?
The reason why Pi Coin price going down today is simple: overhead pressure from the descending trendline and repeated failures to close above $0.75 have triggered short-term profit-taking. Despite recent Pi Coin price spikes, buyers appear hesitant to re-enter in volume until a breakout above resistance is confirmed.
Pi Network price forecast (Source: TradingView)
However, this is not entirely bearish. The 2-hour Fibonacci retracement shows that Pi has held above the 0.5 and 0.618 levels ($0.721 and $0.707 respectively), indicating that the recent dip from $0.7840 might be a healthy pullback within a broader bullish structure.
Short-Term Forecast: Breakout or Breakdown Ahead?
Pi Network price forecast (Source: TradingView)
If bulls manage to close above $0.754 with volume, the next upside targets sit at $0.78 and $0.80. A clean break of this zone could open a rally toward $0.85 and possibly $0.90, especially if momentum accelerates and RSI moves past 55 on the 4-hour chart.
On the downside, a break below $0.707 would invalidate the current triangle structure and expose the coin to deeper support around $0.685–$0.673. This zone is reinforced by prior accumulation and the 4-hour EMA 200.
The base case remains neutral to bullish as long as the price stays above $0.707 and within the triangle. Traders should monitor volume closely — a low-volume breakout is prone to fakeouts, while a high-volume push beyond $0.754 could trigger fresh long interest.
Pi Coin Price Forecast Table: May 20 Outlook
| Indicator / Zone | Level (USD) | Signal |
| Resistance 1 | 0.754 | Triangle breakout ceiling |
| Resistance 2 | 0.784 | Fibonacci 0.0 / minor high |
| Support 1 | 0.721 | Fib 0.5 EMA cluster |
| Support 2 | 0.707 | Fib 0.618 / trendline base |
| RSI (30-min) | 47.8 | Neutral |
| MACD Histogram | Near zero | Flat momentum |
| Bollinger Bands (4H) | Tight | Volatility compression |
| Pattern Structure | Symmetrical Triangle | Breakout Watch |
| Trend Bias | Neutral-Bullish | Awaiting breakout trigger |
The Pi Coin price update for May 20 reflects a market in waiting. Compression beneath key resistance and above solid support hints at an imminent breakout. Traders should prepare for a directional move in either direction, with $0.754 as the bullish trigger and $0.707 as the bearish invalidation. Until then, expect continued Pi Coin price volatility in a narrowing range.
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