#picoin After surging nearly 160% over the past week, the Pi Coin price today is showing its first signs of exhaustion. Currently trading around $1.21 after a high of $1.30 on May 14, Pi is retreating toward the key short-term support near $1.144. While Pi Coin price spikes recently defied broader market volatility, short-term momentum has weakened across indicators, raising the possibility of a correction or sideways consolidation.
What’s Happening With Pi Coin’s Price?
On the 4-hour chart, Pi had been moving within an expanding Bollinger Band structure until May 13, when it broke out past $1.30 and tapped highs near $1.47. However, the move lacked follow-through. A sharp selloff followed, dragging price back to the midline of the Bollinger Bands ($1.16) — now acting as interim support.
The Pi Coin price action now appears to be carving a descending triangle on lower timeframes, with $1.144 forming the base and $1.33 acting as the current rejection point. This is visible clearly on the 30-minute chart, where candles have repeatedly failed to break above the sloping upper trendline.
The daily chart remains struct…
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