Pi Coin (PI) Price Prediction for May 16
The Pi Coin price today sits at $0.88, recovering slightly from a sharp plunge that erased over half its value in less than 48 hours. After peaking near $1.70 on May 13, sellers took control, dragging the token below critical support levels. As of May 15, PI is attempting a short-term bottom above the $0.81 demand zone.
Looking at the 4-hour chart, the price has rebounded off the $0.82–$0.84 range, which aligns with previous breakout levels. However, bearish pressure remains as PI trades well below the descending resistance trendline from the recent high, now near $1.20. This confirms a lower high structure and a momentum shift away from bulls.
Pi Coin Price Action Faces EMA & Resistance Cluster
The 30-minute chart reveals Pi Coin price action testing the 20 and 50 EMAs at $0.88–$0.89. Despite the short bounce, multiple resistances cluster ahead: the 100 EMA at $0.97, 200 EMA at $1.04, and upper Bollinger Band at $0.92 are all acting as ceiling levels.
MACD on the 30-minute chart has flipped marginally bull…
The post Pi Coin (PI) Price Prediction for May 16 appeared first on Coin Edition.
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Pi Coin (PI) Price Prediction for May 16
The Pi Coin price today sits at $0.88, recovering slightly from a sharp plunge that erased over half its value in less than 48 hours. After peaking near $1.70 on May 13, sellers took control, dragging the token below critical support levels. As of May 15, PI is attempting a short-term bottom above the $0.81 demand zone.
Looking at the 4-hour chart, the price has rebounded off the $0.82–$0.84 range, which aligns with previous breakout levels. However, bearish pressure remains as PI trades well below the descending resistance trendline from the recent high, now near $1.20. This confirms a lower high structure and a momentum shift away from bulls.
Pi Coin Price Action Faces EMA & Resistance Cluster
The 30-minute chart reveals Pi Coin price action testing the 20 and 50 EMAs at $0.88–$0.89. Despite the short bounce, multiple resistances cluster ahead: the 100 EMA at $0.97, 200 EMA at $1.04, and upper Bollinger Band at $0.92 are all acting as ceiling levels.
MACD on the 30-minute chart has flipped marginally bull…
The post Pi Coin (PI) Price Prediction for May 16 appeared first on Coin Edition.
Read More
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