The Pi Coin price today is trading near $1.36 after an explosive 20% rally

The Pi Coin price today is trading near $1.36 after an explosive 20% rally that has pushed the token past critical resistance levels.

Pi Coin price today surged to new highs, testing the 3.618 Fibonacci extension as buying pressure shows signs of exhaustion.

Despite the impressive rally and signals of overextension, the overall trend remains bullish.

A breakout from a multi-week descending triangle triggered the recent surge.

Pi Coin price today rallied by double-digit percentages as the token continues to move in overbought conditions. As buyers try to digest the gains, minor corrections could be expected if volume dries up.

Pi Coin Price Surges 20% as It Tests Key Fib Extension

Pi Coin price is trading up 125% since May 9, as it broke out of long-term compression zones between $0.60 and $0.70. The asset is now trading above critical resistance levels, marking one of the most significant Pi Coin price spikes in recent weeks.

As of press time, Pi Coin is trading at $1.36.

Pi Coin price broke decisively above the 2.618 extension at $1.16 and is now testing the 3.618 Fib level.

This move suggests that bullish exhaustion may approach, but not before testing upper extensions around $1.50 if volume sustains.

Chart: TradingView

Fib extensions are a technical analysis tool used to identify potential price levels based on the magnitude of previous price moves. In this case, the Fib extensions are drawn from the March swing high to the April low.

The 2.618 extension was a key resistance level that Pi Coin price failed to break above on two previous occasions. However, the breakout above this level on May 5 triggered a rally of over 100%, indicating strong bullish pressure.

If Pi Coin price manages to break above the 3.618 Fib level on sustained volume, then traders can begin eyeing the 5.0 Fib extension at around $1.53.

Relative Strength Index (RSI), MACD and Stoch RSI: Signs of Overextension

Momentum indicators on lower timeframes are flashing overheated signals, which could foreshadow a period of consolidation or a minor retracement.

On the 30-minute chart, RSI is above 77, clearly in overbought territory. Typically, RSI over 70 indicates overbought conditions, while RSI below 30 suggests oversold conditions.

MACD also shows widening divergence, with the MACD line above the signal line and histogram bars staying green – signs of short-term strength.

Stochastic RSI on the 15-minute chart shows both lines above 90, signaling that the price action could face exhaustion soon.

However, Ichimoku Cloud on lower timeframes continues to show bullish alignment – with price comfortably above the cloud and Tenkan-Sen (conversion line) far above the Kijun-Sen – reinforcing the upward trend structure in the near term.

Despite the bullish bias, traders must be cautious of the Pi Coin price volatility that accompanies vertical rallies. Minor corrections toward $1.22 or even $1.10 are not off the table if short-term buyers exit after this steep run.

Pi Coin Price Shows Strength as It Trades Above Key Averages

Zooming into the 4-hour chart, the price is now parabolic. After reclaiming the 200 EMA around $0.72 on May 10, the rally picked up pace.

The 20/50/100/200 EMA lines are all in bullish alignment, and the current candle body is well above the upper Bollinger Band at $1.29 – a classic sign of near-term overextension.

On the downside, the main support lies at $1.16 (previous Fib extension), followed by $1.00 psychological level. Below that, $088-$0.90 acts as an important re-entry zone, confirmed by both EMA clusters and historic resistance turned support.

Meanwhile, upside resistance remains at $1.39 (3.618 Fib) and then $1.53.

The main reason why Pi Coin price is going up today is the sustained breakout from both trendline and compression zones coupled with confirmation on multiple timeframe EMAs and Bollinger Band expansion.

As long as the price holds above $1.16 on pullbacks, bulls remain in control.

Pi Coin Price Levels to Watch

The trend remains bullish above the $0.88-$1.00 support band. For swing traders, pullbacks into that region could offer favorable risk-reward entries.

Day traders, however, should closely monitor RSI and Stoch RSI for signs of cooling, as intraday exhaustion is clearly building.

Pi Coin Forecast Table – Key Levels to Watch