Pi Coin (π) Price Today: Trading Near $0.735 After a Strong Multi-day Rally

This breakout marks one of the sharpest Pi Coin price spikes in recent weeks, with price currently consolidating within a symmetrical triangle pattern

Pi Coin price today is trading at $0.735, still within the symmetrical triangle pattern on the 30-minute chart. This marks one of the sharpest Pi Coin price spikes in recent weeks, with traders eagerly awaiting a breakout from the triangle to determine the next move.

On the 4-hour chart, Pi Coin has managed to flip the $0.70 resistance into support after decisively clearing the $0.60-$0.62 cluster. The breakout was accompanied by a spike in trading volume and confirmation from multiple indicators, signaling strong short-term bullish momentum.

Triangle Breakout or Bull Trap?

As seen in the chart, Pi Coin is currently coiling between a tightening range of $0.718 and $0.746, forming the symmetrical triangle. A breakout above $0.75 could confirm the continuation of this bullish leg, with immediate targets at $0.78 and $0.80.

On the downside, failure to hold the $0.718 level may expose the token to a retest of the $0.68-$0.70 support band, which also coincides with previous breakout levels. The RSI on the 30-minute chart is still in neutral territory, currently at 52.8, indicating mild consolidation.

The MACD shows slight bearish divergence, with the signal line crossing above the MACD line – a signal of potential short-term weakness unless bulls reclaim initiative.

The price remains above the Kumo cloud on the 4-hour Ichimoku, with Tenkan and Kijun lines sloping upward – a bullish configuration. However, the price has flattened, remaining in a wait-and-watch phase.

Pi Coin Price Update: Indicators and Fibonacci Context

The daily Fibonacci retracement from the $0.78 swing high to the $0.52 low shows that Pi Coin price has reclaimed the 78.6% Fib zone at $0.737, a critical pivot that may act as either a breakout trigger or resistance. A clean close above this Fib level can open the door to the psychological $0.80 barrier and then $0.86.

On the 4-hour Bollinger Bands, the price is still close to the upper band but no longer expanding aggressively, indicating reduced Pi Coin price volatility compared to the breakout phase. EMAs are stacked bullishly (20/50/100/200), with the 200-EMA near $0.69 acting as the last line of defense.

If bulls maintain structure above $0.72-$0.73, continuation toward $0.78 remains on the table. If not, retracement zones are layered near $0.70 and $0.68, which would be considered healthy pullbacks within a larger uptrend.

Why Pi Coin Price Going Up Today?

The recent Pi Coin price spikes are a result of a well-defined breakout from multiple falling wedge and triangle formations over the past two weeks. The rally gained further strength once Pi broke above the $0.60 resistance, sparking short-covering and fresh entries.

From a sentiment perspective, traders have interpreted this breakout as a potential signal of Pi’s re-entry into a bullish cycle, although there’s caution due to the lack of a confirmed listing or utility roadmap on centralized exchanges.

As May 11 approaches, the focus remains on the triangle breakout and holding above the $0.73-$0.74 level. A clean breakout above $0.75 could drive rapid upside toward $0.80, while rejection here could lead to a retest of support at $0.70 and $0.68. Expect volatility to rise as the apex of the current wedge is approached.