Pi Coin (PI/USD) is currently trading near the $0.61 mark, modestly recovering after a significant downtrend from the March 2025 high of nearly $3.00. The price has stabilized within a narrow consolidation range between $0.56 and $0.66. This sideways movement signals that the market is in an accumulation phase, potentially preparing for a decisive move in May. However, directional clarity depends on price reactions to nearby support and resistance levels as well as confirmation from momentum indicators.
Daily Chart Analysis: Support trendline holds, but volume lacks conviction
On the daily timeframe, Pi Coin has repeatedly bounced from the significant support level around $0.40, which is now the basis for its current range. The upward trendline indicates that buyers are trying to defend higher lows. However, the price is struggling to break through the psychological resistance near $0.70.
Notably, this level closely aligns with the 0.236 Fibonacci retracement level of the downtrend from the $2.769 peak. As long as Pi maintains above the $0.49–$0.50 trendline, technically, the structure remains constructive. A breakdown below this area could invalidate the base-building pattern and reignite bearish momentum.
Fibonacci Retracement: Signs of mid-level congestion
The Fibonacci retracement drawn from the most recent high to the low shows that Pi is currently oscillating between the 0.382 and 0.5 levels:
0.382 Fib: $0.639
0.5 Fib: $0.593
0.618 Fib: $0.547
The grouping of these levels represents a zone of indecision, where buyers and sellers are at odds. A confirmed breakout above $0.639 would reflect bullish strength and open the gateway towards the $0.70–$0.75 region. Conversely, a breakdown below $0.547 would prompt a revisit to lower support levels at $0.48 and $0.40.
4-Hour Chart: Range-bound with diminishing pressure
The 4-hour chart paints a picture of Pi Coin trading within a limited range, with support established between $0.55 and $0.58 and resistance capped at the $0.65–$0.70 level. Activity based on this region indicates accumulation, but also highlights traders' hesitance.
Importantly, the LuxAlgo tool signals a descending triangle forming on the chart, which historically tends to decline unless invalidated by a breakout. A decisive close above $0.66 would invalidate the pattern and signal a trend reversal. Conversely, a drop below $0.58 would increase the likelihood of a breakdown to $0.50 or lower.
EMA and RSI Analysis: Momentum remains neutral
The exponential moving averages (20, 50, 100, and 200 EMA) indicate that Pi has crossed above the short-term EMA 20 and 50 but remains below the EMA 100 and 200, both of which hover around the $0.74 mark. This configuration suggests that while short-term momentum is improving slightly, the overall trend remains bearish. The relative strength index (RSI) is currently at 53, indicating neutral momentum with potential movement in either direction depending on market catalysts.
Bollinger Bands and MACD: Low volatility, breakout forming
Bollinger Bands have significantly narrowed, indicating a squeeze phase—often a precursor to a explosive move. Pi is currently trading near the upper band, suggesting mild bullish pressure. At the same time, the MACD indicator is showing a slight bullish crossover, with the histogram turning green. Although the signals are not yet strong, they indicate the potential to build bullish momentum if resistance levels are broken in the upcoming sessions.
Pi Price Prediction: What to Expect from Pi Coin in May 2025?
Based on the convergence of technical indicators and price behavior across multiple timeframes, Pi Coin appears to be approaching a significant decision zone that could determine its trajectory in May.
Bullish Outlook:
If Pi Coin successfully surpasses the resistance level of $0.66–$0.70—especially with confirmation from increased trading volume and sustained closing candles—momentum could quickly build. In this scenario, the next bullish target would be $0.78 (an important reaction level from April) and $0.90, where historical price action and Fibonacci retracements converge. This would signal a trend reversal and attract short-term bullish participation.Bearish Risk Scenario:
Conversely, failing to maintain support at $0.58 could lead to a structure aimed at renewed selling pressure. In this case, Pi could fall back to the demand zone of $0.50 and $0.48, both of which served as short-term consolidation levels in early April. If bearish sentiment continues to escalate—potentially due to negative market developments or a lack of ecosystem activity—the price could slide down to lows of $0.40, marking a complete retracement from its recovery range.Neutral Base Case - Consolidation Potential:
Despite the breakthrough and disruption potential, the most likely short-term scenario is continued horizontal consolidation between $0.58 and $0.66. The behavior within this range reflects a phase of indecision and accumulation. Until a clear catalyst—such as support from a major exchange, ecosystem partnerships, or broader cryptocurrency market momentum—emerges, traders should expect choppy conditions with limited trends.
