After a remarkable surge of nearly 160% over the past week, the Pi Coin price is beginning to show its first signs of exhaustion. As of the latest data, Pi is trading near $1.21, having retreated from a high of $1.30 reached on May 14. The current move suggests a test of crucial short-term support around $1.144. While Pi Coin’s recent performance defied broader market volatility, short-term momentum indicators are weakening, pointing toward a potential correction or consolidation phase.
What’s Driving Pi Coin’s Price Action?
On the 4-hour chart, Pi had been trading within expanding Bollinger Bands until May 13, when it broke above $1.30 and briefly touched near $1.47. However, the upward momentum lacked follow-through, leading to a sharp selloff. Price has now returned to the midline of the Bollinger Bands at approximately $1.16, which is serving as interim support.
Recent price action suggests the formation of a descending triangle on lower timeframes, with $1.144 acting as the base support and $1.33 serving as the current rejection point. This is particularly visible on the 30-minute chart, where repeated attempts to break above the upper trendline have failed.
Although the daily chart remains structurally bullish, candles are beginning to display upper wicks and rejection shadows—indicating increasing selling pressure at higher price levels. While the breakout above the $0.90–$1.00 zone remains valid, buyers must defend the $1.14 level to avoid a deeper retracement toward the $1.00–$1.05 range.
Key Technical Indicators Show Weakening Momentum
The Relative Strength Index (RSI) on the 30-minute chart has fallen to 41.39, down significantly from its peak near 70 on May 13. This bearish divergence is accompanied by a MACD crossover below the signal line, signaling growing near-term downside risk unless buyers regain control.
Despite these short-term signals, Pi remains above all major exponential moving averages (EMAs) on the 4-hour timeframe. The 20 EMA sits near $1.11 and the 50 EMA around $0.94, confirming that the medium-term bullish structure is still intact. That said, the narrowing width of the Bollinger Bands suggests that volatility is compressing—a common precursor to a significant breakout or breakdown.
The Ichimoku Cloud on the 30-minute chart also reflects market indecision. Price is currently trading within the Kumo (cloud), and both the Tenkan and Kijun lines have flattened. A close below the cloud could shift short-term bias toward the downside.
Why Is Pi Coin’s Price Declining Today?
The primary reason behind today’s decline is profit-taking following last week’s aggressive rally. After doubling in value between May 8 and May 12, selling pressure emerged near the $1.47 level, resulting in rejection wicks across multiple timeframes. A lack of new buying volume at higher prices, combined with weakening MACD and mid-range RSI readings, has allowed sellers to push price toward the $1.20 region.
The Chaikin Oscillator on the 30-minute chart has also turned negative, indicating a reduction in accumulation pressure after the recent breakout. Until buying momentum strengthens above the $1.30 level, short-term sentiment is likely to remain cautious.
Pi Coin Price Forecast for May 15
The market appears to be at a critical decision point. A strong bounce from the $1.144 support level, accompanied by increased volume, could reignite upward momentum toward $1.30 and eventually $1.33. Beyond those levels, resistance lies near $1.47 and $1.60.
Conversely, if price breaks below $1.14, downside pressure could accelerate toward $1.05 and $0.99—regions that align with the 50 EMA and previous breakout structure.
While the broader trend remains bullish on daily and 4-hour timeframes, intraday traders should monitor whether the $1.144–$1.164 support band holds over the next 24 hours.
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Key Pi Coin Technical Levels for May 15
| Indicator/Zone | Level (USD) | Signal |
|---|---|---|
| Resistance 1 | 1.30–1.33 | Breakout rejection zone |
| Resistance 2 | 1.47 | Previous high |
| Support 1 | 1.144 | Trendline + key support |
| Support 2 | 1.05 | EMA50 and horizontal level |
| RSI (30-min) | 41.39 | Bearish divergence |
| MACD (30-min) | Bearish Cross | Weakening momentum |
| Bollinger Midline (4H) | 1.164 | Key balance point |
| Ichimoku Kumo (30-min) | Neutral zone | Direction undecided |
Frequently Asked Questions
What is the current Pi Coin price?
As of the latest update, Pi Coin is trading around $1.21. It recently reached a high of $1.30 before retracing toward key support levels.
What are the main support levels for Pi Coin?
The immediate support is near $1.144, which aligns with trendline and structural support. A break below could lead to a test of the next support around $1.05, near the 50 EMA.
Is Pi Coin still in a bullish trend?
Yes, the medium-term trend remains bullish as long as price stays above key moving averages. However, short-term momentum has weakened, suggesting a possible consolidation or correction.
What does RSI indicate for Pi Coin?
The RSI on the 30-minute chart is at 41.39, showing bearish divergence and indicating weakened buying momentum compared to recent peaks.
How can I stay updated on Pi Coin’s price movements?
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Should I invest in Pi Coin based on this prediction?
This analysis is for educational purposes only and not financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Readers are advised to exercise caution before taking any action related to cryptocurrencies or other financial assets.