Pi Coin (PI) Price Today Stretched To $0.88, Recovering From A Plunge That Erased Over Half Its Value

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.

Pi Network (PI) price today is showing signs of recovery as the token attempts to stabilize above a key demand zone. However, the broader trend remains bearish, and any bounce could be limited until a clear shift in momentum occurs.

Pi Coin (PI) price is up slightly today, recovering some ground after a sharp plunge that erased over half of its value in less than 48 hours. After peaking near $1.70 on May 13, sellers took complete control, dragging the token below critical support levels and Fibonacci benchmarks.

As a result, PI is attempting to hold above the $0.81 demand zone, which could be pivotal in determining the short-term trend. A breakdown below this level would open the door for further declines toward the $0.63 Fib zone, where major demand confluences could provide another cushion.

On the other hand, reclaiming the $1.04 Fib level and breaking the descending resistance trendline from the recent high (now at $1.20) would be the first sign of a trend reversal.

Pi Coin 4-Hour Chart

On the 4-hour chart, the price has bounced off the $0.82-$0.84 range, which is also aligned with previous breakout levels. However, bearish pressure is still evident as PI trades well below the descending resistance trendline from the recent high, which is now at $1.20.

This confirms a lower high structure and a shift in momentum away from bulls. A break above the trendline, especially with strong volume, would be a key indicator of a potential trend reversal.

Pi Coin Price Faces EMA & Resistance Cluster

The 30-minute chart shows that Pi Coin price action is now testing the 20 and 50 EMAs at $0.88-$0.89. Despite the short bounce, there are multiple resistances clustered ahead.

The 100 EMA at $0.97 and 200 EMA at $1.04 are both acting as ceiling levels, while the upper Bollinger Band at $0.92 could provide additional resistance.

MACD on the 30-minute chart has flipped marginally bullish, while RSI has recovered to 44.71, signaling short-term neutral territory. However, the MACD histogram is still relatively flat, suggesting that conviction remains weak among buyers.

Meanwhile, Pi Coin price volatility is still high. Bollinger Bands have started to widen again, which indicates that the latest bounce could lead to either a sharp relief rally or renewed rejection depending on volume and sentiment.

Why Is Pi Coin Price Going Down Today?

The main reason for Pi Coin price going down today is the post-spike correction and profit-taking. After a vertical surge that nearly doubled PI’s value, the token faced resistance near $1.70 and failed to sustain above $1.60-$1.62.

This led to a breakdown below $1.20, which was a key support zone marked by multiple trendline confluences. The breakdown triggered a cascade of liquidations, dragging the price down to $0.82 before it stabilized.

However, buyers seem hesitant to re-enter aggressively at higher levels, which could limit the upside potential in the short term.

Pi Coin Price Outlook: Bounce or Breakdown Ahead?

The daily chart paints a broader picture of consolidation as the parabolic rally from $0.33 to $1.70 is now undergoing a correction phase, which is testing the strength of mid-term trendlines.

The first support band at $0.81 has held for now, but if that breaks, the next major demand zone lies near $0.63—a critical Fib retracement zone and previous accumulation area.

On the upside, reclaiming $1.04 and breaking the $1.20 descending trendline would be the first sign of a trend reversal. Until then, any bounce is likely to be sold into unless accompanied by a clear volume breakout and MACD confirmation on higher timeframes.

Stochastic RSI on the 1-hour chart is curling up from oversold levels, which hints at a possible short-term upward move. However, Pi Coin price update remains fragile unless key levels flip back to support.