PI Coin Price Prediction for May 24: Breakdown Threatens as Bulls Struggle to Hold $0.78
After climbing above $0.85 last week, the Pi coin price is now showing signs of weakness. The sharp rejection from the $0.87 area has pulled the token back below critical moving averages, with bears pushing a breakdown below $0.80. The short-term structure now tilts toward further weakness unless bulls reclaim key trendline and EMA support.
What’s Happening With Pi Coin’s Price?
The Pi coin price action has shifted from bullish consolidation to a mild selloff over the past 48 hours. On the 4-hour chart, Pi recently lost the 20, 50, and 100 EMA zones near $0.80, closing below $0.786 for the first time since the May 18 breakout. This breakdown came after a sustained rally that briefly tagged $0.87, driven by short-term bullish sentiment.
Pi is now entering a key demand zone between $0.775 and $0.760. This region acted as accumulation before the previous breakout and aligns with prior support zones highlighted by the Chande Momentum Oscillator and SR channel levels.
Lower Timeframes Show Bearish Pressure Mounting
On the 30-minute chart, Pi has broken below a …
The post PI Coin Price Prediction for May 24: Breakdown Threatens as Bulls Struggle to Hold $0.78 appeared first on Coin Edition.
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PI Coin Price Prediction for May 24: Breakdown Threatens as Bulls Struggle to Hold $0.78
After climbing above $0.85 last week, the Pi coin price is now showing signs of weakness. The sharp rejection from the $0.87 area has pulled the token back below critical moving averages, with bears pushing a breakdown below $0.80. The short-term structure now tilts toward further weakness unless bulls reclaim key trendline and EMA support.
What’s Happening With Pi Coin’s Price?
The Pi coin price action has shifted from bullish consolidation to a mild selloff over the past 48 hours. On the 4-hour chart, Pi recently lost the 20, 50, and 100 EMA zones near $0.80, closing below $0.786 for the first time since the May 18 breakout. This breakdown came after a sustained rally that briefly tagged $0.87, driven by short-term bullish sentiment.
Pi is now entering a key demand zone between $0.775 and $0.760. This region acted as accumulation before the previous breakout and aligns with prior support zones highlighted by the Chande Momentum Oscillator and SR channel levels.
Lower Timeframes Show Bearish Pressure Mounting
On the 30-minute chart, Pi has broken below a …
The post PI Coin Price Prediction for May 24: Breakdown Threatens as Bulls Struggle to Hold $0.78 appeared first on Coin Edition.
Read More
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