The Pi coin price today is trading near $0.577, marking a sharp retreat from the $0.646 local high seen earlier in the week. After breaking out of a compressed range and testing previous demand zones, Pi coin price action is now showing signs of exhaustion as several indicators flash weakness below resistance.
What’s Happening With Pi Coin’s Price?
The broader 4-hour chart shows Pi coin price recently broke above the $0.5412 support level but failed to sustain gains beyond $0.6469. A descending trendline drawn from mid-May continues to cap upside attempts, while the price remains below key resistance levels between $0.62 and $0.66.
This zone also aligns with a rejected order block visible on the 1-day chart. Trendline resistance and supply rejection caused a strong bearish candle to print after multiple upside attempts, reinforcing short-term bearish sentiment. The current price structure remains stuck inside a descending triangle, and unless Pi breaks above $0.6185 (200 EMA on 4H), the move appears corrective rather than a sustained reversal.
Why Is The P…
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