Pi Price Prediction for May 7: Weak Structure Keeps Pi Network Below $0.60
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The Pi Network price today is trading around $0.578, down nearly 1.5% on the day and continuing to display weakening market structure across multiple timeframes. After failing to sustain a break above the $0.60–$0.63 range, Pi Network price has re-entered a sideways zone with flat momentum and lower volume activity.
Over the past 10 days, the price has remained locked in a narrowing triangle with progressively lower highs, forming a clear descending trendline now acting as dynamic resistance near $0.59. Despite occasional Pi Network price spikes, the lack of bullish confirmation has reinforced the bearish bias ahead of May 7.
4H and Intraday Charts Show Bearish Rejection at $0.60
On the 4-hour chart, the Pi Network price action continues to hover below the $0.60 psychological barrier. Price action has repeatedly failed to breach this level, with visible rejections along the descending trendline from April highs. The most recent breakout attempt was again short-lived, with Pi falling back into the $0.577–$0.588 channel.
A bearish breakout occurred during the May 6 session as price pierced below the ascending sh…
The post Pi Price Prediction for May 7: Weak Structure Keeps Pi Network Below $0.60 appeared first on Coin Edition.
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Pi Price Prediction for May 7: Weak Structure Keeps Pi Network Below $0.60
Share:
The Pi Network price today is trading around $0.578, down nearly 1.5% on the day and continuing to display weakening market structure across multiple timeframes. After failing to sustain a break above the $0.60–$0.63 range, Pi Network price has re-entered a sideways zone with flat momentum and lower volume activity.
Over the past 10 days, the price has remained locked in a narrowing triangle with progressively lower highs, forming a clear descending trendline now acting as dynamic resistance near $0.59. Despite occasional Pi Network price spikes, the lack of bullish confirmation has reinforced the bearish bias ahead of May 7.
4H and Intraday Charts Show Bearish Rejection at $0.60
On the 4-hour chart, the Pi Network price action continues to hover below the $0.60 psychological barrier. Price action has repeatedly failed to breach this level, with visible rejections along the descending trendline from April highs. The most recent breakout attempt was again short-lived, with Pi falling back into the $0.577–$0.588 channel.
A bearish breakout occurred during the May 6 session as price pierced below the ascending sh…
The post Pi Price Prediction for May 7: Weak Structure Keeps Pi Network Below $0.60 appeared first on Coin Edition.
In This News
Coins
Funds
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In This News
Coins
Funds
Share:
Read More
S&P 500 Hits New Highs After Rate Cut As Crypto Market Stays Muted