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Cryptocurrency News Articles
Pi Coin Price Today: PI Token Trading Near $0.782, Continuing a Tight-Range Consolidation
May 24, 2025 at 06:59 pm
The Pi coin price today is trading near $0.782, continuing a tight-range consolidation as traders brace for a breakout from the symmetrical triangle visible on the 4-hour chart.
The Pi coin price today is trading at $0.782, still consolidating in a symmetrical triangle pattern on the 4-hour chart as traders prepare for a breakout.
What’s Happening With Pi Network’s Token
The cryptocurrency has been showing a series of higher lows and lower highs, forming a contracting triangle between the $0.748 and $0.804. This pattern is now visible on both the 30-minute and 4-hour charts, with the current structure coiling tightly into the apex.
On May 24, bulls defended the $0.748 level strongly, triggering a modest bounce toward the $0.78 handle. However, despite this recovery, the bulls aren’t able to follow through yet, largely limited by strong technical resistance at the 20, 50, 100, and 200 EMAs, which are clustered between $0.785 and $0.801.
The Bollinger Bands are also tightening on the 4-hour chart, which historically bodes well for an impending breakout or breakdown. The upper band lies at $0.8607, while the lower band is seen at $0.7426.
Relative Strength Index (RSI) and MACD Show No Urgency
The RSI on the 30-minute chart has returned to neutral territory at 51.36, while the MACD is gradually flattening toward the zero line. Both indicators suggest that the recent price action is quickly losing steam, which aligns with the lower high and higher low structure of the triangle.
The Chande Momentum Oscillator, which had dipped to -16.07, is also showing signs of a bottom, aligning with the broader picture of the market preparing for its next directional move.
Stoch RSI on the 30-minute chart is rebounding from oversold conditions, with lines now attempting to curl up from sub-20 territory. If momentum continues to improve, this could provide the push needed to break above the triangle’s upper boundary.
Why Is the Pi Coin Price Up Today?
The Pi coin price is up despite broader crypto market indecision due to short-term rebound in sentiment after bulls defended the $0.748 support. The bounce has allowed to hold above the key ascending trendline, which has been guiding price since May 19.
Also, the Ichimoku Cloud on the 30-minute chart shows price emerging above the Kijun and Tenkan lines, with Senkou Span A turning slightly upward. If price sustains above the cloud, further bullish continuation toward $0.81–$0.84 becomes more probable.
However, the Stoch RSI has already pushed into overbought territory above 80, which might limit the upside unless supported by a breakout in volume. Any failure to hold above $0.774 could see intraday pullbacks deepen toward the lower wedge boundary.
Short-Term Outlook For May 25
The short-term technical outlook will depend largely on the resolution of the current symmetrical triangle pattern. As of now, the balance leans cautiously bullish with momentum indicators showing early signs of improvement and buyers repeatedly defending key levels.
If bulls manage to reclaim the $0.804–$0.81 zone on sustained volume, then a swift spike toward the $0.86–$0.90 region could follow. But a failed breakout attempt at this juncture might trap late buyers and send price spiraling back into the mid-$0.74 territory.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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