Pi Coin Price: Can Bulls Sustain the Break Above $1.5?
The Pi Coin price today is trading near $1.36 after an explosive 20% rally that has pushed the token past critical resistance levels. Backed by a strong breakout above $1.00 and confirmation from multiple indicators, this move marks one of the most significant Pi Coin price spikes in recent weeks.
What’s Happening with Pi Coin’s Price?
Looking at the daily chart with Fibonacci retracement drawn from the March swing high to the April low, Pi Coin price has decisively broken above the 2.618 extension at $1.16 and is now testing the 3.618 Fib level near $1.39. This suggests bullish exhaustion may approach, but not before testing upper extensions around $1.50 if volume sustains. The asset has surged over 125% since May 9, riding a breakout from long-term compression zones between $0.60 and $0.70.
The recent surge was triggered by a breakout from a multi-week descending triangle, with the price leaping from the $0.70 resistance-turned-support zone. This vertical price action is also supported by an uptick in buying pressure across intraday momentum charts.
RSI, MACD and Stoch RSI Hint at Overextension: Correctio…
The post Pi Coin Price: Can Bulls Sustain the Break Above $1.5? appeared first on Coin Edition.
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Pi Coin Price: Can Bulls Sustain the Break Above $1.5?
The Pi Coin price today is trading near $1.36 after an explosive 20% rally that has pushed the token past critical resistance levels. Backed by a strong breakout above $1.00 and confirmation from multiple indicators, this move marks one of the most significant Pi Coin price spikes in recent weeks.
What’s Happening with Pi Coin’s Price?
Looking at the daily chart with Fibonacci retracement drawn from the March swing high to the April low, Pi Coin price has decisively broken above the 2.618 extension at $1.16 and is now testing the 3.618 Fib level near $1.39. This suggests bullish exhaustion may approach, but not before testing upper extensions around $1.50 if volume sustains. The asset has surged over 125% since May 9, riding a breakout from long-term compression zones between $0.60 and $0.70.
The recent surge was triggered by a breakout from a multi-week descending triangle, with the price leaping from the $0.70 resistance-turned-support zone. This vertical price action is also supported by an uptick in buying pressure across intraday momentum charts.
RSI, MACD and Stoch RSI Hint at Overextension: Correctio…
The post Pi Coin Price: Can Bulls Sustain the Break Above $1.5? appeared first on Coin Edition.
Read More
Dogecoin (DOGE) Price Prediction for May 14