Price Prediction for Pi Coin (PI) for May 15

After climbing about 160% over the past week, the price of Pi Coin shows its first signs of exhaustion today. Currently trading around 1.21 $ after a peak of 1.30 $ on May 14, Pi is retreating towards the key short-term support near $1.144. Although the price peaks of Pi Coin have recently defied the broader market volatility, short-term momentum has weakened across indicators, raising the possibility of a correction or sideways consolidation.

What is happening with the price of Pi Coin?

On the 4-hour chart, Pi had been moving within an expanding Bollinger Bands structure until May 13, when it broke through 1.30 $ and reached highs close to 1.47 $. However, the move lacked follow-through. A strong sell-off followed, bringing the price back to the midpoint of the Bollinger Bands (1.16 $) — now acting as temporary support.

The price action of Pi Coin now seems to be drawing a descending triangle on shorter time frames, with 1.144 $ forming the base and 1.33 $ acting as the current rejection point. This is clearly visible on the 30-minute chart, where the candles have consistently failed to break through the upper inclined trendline.

The daily chart remains structured…

The article Price Prediction for Pi Coin (PI) for May 15 first appeared on Coin Edition.