Pi (PI) Price Prediction For May 19: Will Buyers Break Above $0.78 Resistance?

The Pi Coin price today is hovering around $0.742, consolidating after a short-term rebound from the $0.68 low. While the broader trend remains in recovery mode

The Pi (PI) price is trading at $0.742 and is down 1.36% for the 24-hour period.

Pi Network’s (PI) price is consolidating above the $0.68 low and ahead of the closely watched $0.78 resistance level. The asset is still in recovery mode after last week’s steep decline from above $1.40.

However, bulls are testing the confluence of moving averages and short-term resistance levels, suggesting a make-or-break moment for PI price action in the coming sessions.

What’s Happening With Pi Coin’s Price?

After a parabolic surge that took the Pi Coin price from $0.30 to over $1.60 in less than a week, the asset witnessed a sharp retracement, losing over 50% of its gains and revisiting the $0.65–$0.70 accumulation zone.

However, buyers have started to regroup near this demand region, evident from the 4-hour candles forming higher lows over the past 24 hours.

Pi Network price dynamics (Source: TradingView)

Pi is currently capped by the 20-EMA and lower Bollinger Band on the 4-hour chart, both aligned near $0.78. A clean break above this zone could trigger fresh upside toward the $0.85–$0.90 supply region.

Until then, the short-term trend remains fragile, with resistance keeping Pi Coin price spikes in check.

MACD And RSI Flash Mixed Signals

The Relative Strength Index (RSI) on the 4-hour chart is approaching overbought territory after bouncing off oversold levels. This suggests that despite the recent price declines, buyers are still in control and could push for further gains.

Moreover, the MACD crossed into positive territory on Friday, indicating a bullish bias in the intermediate term. However, both oscillators are showing signs of exhaustion, which could lead to a slowdown in the current rally.

Next Levels To Watch

A decisive move above the 20-EMA and lower Bollinger Band, both around $0.78, could pave the way for a continuation of the rally toward the $0.85–$0.90 zone, which is defined by the 50-EMA and the upper Bollinger Band.

On the downside, breakdowns below the 100-EMA (around $0.66) and the 38.2% Fibonacci retracement level (around $0.62) could bring the $0.50 psychological support into focus.