Pi (PI) Price Prediction for May 18: Can Bulls Defend the $0.65 Level?
The Pi Coin price today is trading around $0.69, struggling to recover after a steep multi-day selloff that erased nearly half of its recent gains. After surging toward the $1.50 mark earlier this month, Pi Coin price action has sharply reversed, falling into a critical support zone near $0.65. This region coincides with a rising trendline visible on the 4-hour chart, and its defense will likely determine Pi’s near-term trajectory.
What’s Happening with Pi Coin’s Price?
On the 4-hour chart, the Pi Coin price appears to have broken below multiple short-term support levels, including the $0.85 and $0.75 zones, before stabilizing near $0.65. This support area is derived from a long-standing ascending base that began forming in late April. The current bounce attempt is modest, but buyers are trying to reclaim lost ground after five consecutive bearish candles.
Zooming into the 15-minute structure, we can see the selloff decelerating, with the price now consolidating in a narrow band between $0.68 and $0.70. However, unless this minor rebound is confirmed with volu…
The post Pi (PI) Price Prediction for May 18: Can Bulls Defend the $0.65 Level? appeared first on Coin Edition.
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Pi (PI) Price Prediction for May 18: Can Bulls Defend the $0.65 Level?
The Pi Coin price today is trading around $0.69, struggling to recover after a steep multi-day selloff that erased nearly half of its recent gains. After surging toward the $1.50 mark earlier this month, Pi Coin price action has sharply reversed, falling into a critical support zone near $0.65. This region coincides with a rising trendline visible on the 4-hour chart, and its defense will likely determine Pi’s near-term trajectory.
What’s Happening with Pi Coin’s Price?
On the 4-hour chart, the Pi Coin price appears to have broken below multiple short-term support levels, including the $0.85 and $0.75 zones, before stabilizing near $0.65. This support area is derived from a long-standing ascending base that began forming in late April. The current bounce attempt is modest, but buyers are trying to reclaim lost ground after five consecutive bearish candles.
Zooming into the 15-minute structure, we can see the selloff decelerating, with the price now consolidating in a narrow band between $0.68 and $0.70. However, unless this minor rebound is confirmed with volu…
The post Pi (PI) Price Prediction for May 18: Can Bulls Defend the $0.65 Level? appeared first on Coin Edition.
Read More
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