On May 21, 2025, the 5-hour chart of Pi Coin paired with Tether (PIUSDT) revealed a 5.54% decline over five candlesticks.
The 5-hour chart of Pi Coin paired with Tether (PIUSDT) showed a 5.54% decrease over five candlesticks. The move followed a short-lived breakout that failed to hold its gains above the $0.82 level.
The cryptocurrency met immediate support at the 50-period Exponential Moving Average (EMA) around $0.7584, where it bounced earlier during its ascent. This dynamic indicator is usually monitored by traders for further price reactions.
At the same time, trading volume spiked during the retracement, with one of the most active sell sessions of the day seen at 72.51 million.
Relative Strength Index (RSI): The RSI, a momentum oscillator, dropped from overbought territory and now reads 57.52. This shift signals weakening bullish strength.
Volume: The volume bars below show declining interest during the recent pullback, hinting that selling pressure may be cooling. However, unless the price breaks above the short-term resistance, recovery remains uncertain.
The post Pi Coin Price Analysis: PI Drops 5.54% as Bulls Grow Tired appeared first on Benzinga.
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