Let’s break down the key phases of the coin, chart patterns, and important levels to watch moving forward.
Parabolic Spike and Sharp Reversal
From the beginning of May, Pi Coin traded sideways under $0.80 until May 9–11, when an explosive rally launched prices past $1.70. This movement was steep and unsustainable, typical of a parabolic rise — often driven by hype, leveraged positions, or speculative trading. However, the price quickly reversed, forming a tall “wick” on the candlestick, a classic sign of a blow-off top.
This spike and sharp rejection mirror a “pump-and-dump” pattern — rapid ascent followed by immediate correction. The drop back below $1.00 came just as fast, indicating that the rally lacked fundamental support or long-term buying interest.
Pi Coin – Descending Channel and Consolidation
Following the peak, the asset began forming lower highs and lower lows, indicating a downtrend channel through mid-May. The price stabilized in the $0.70–$0.90 range after May 17, consolidating with reduced volatility — suggesting the market is seeking equilibrium.
This behavior often reflects a shift in trader sentiment from speculative to cautious. Buyers and sellers are now more evenly matched, and the chart no longer shows extreme directional bias.
Key Support and Resistance Levels for Pi Coin
Support Zone: Around $0.70 – This level has acted as a floor during the post-spike correction. Multiple bounces here suggest accumulation or at least temporary defense by bulls.
Resistance Zone: Between $0.90–$1.00 – Several rejection wicks around this area indicate strong selling pressure, making it the next key level to break for any bullish momentum to resume.
What to Watch Next
If Pi Coin can reclaim the $0.90 level and establish support there, the market may attempt another upward leg. However, failure to hold $0.70 could open the door to a move toward the $0.60 range or even lower.
The sideways action now represents a make-or-break zone, where the next catalyst — either technical or news-driven — will determine the trend. Traders should monitor volume closely; a breakout with strong participation could signal the next move.
In short, while the hype-driven rally has cooled, PIUSDT appears to be in a period of accumulation. Traders should remain cautious but alert, especially as volatility could return quickly in this low-liquidity environment.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/pi-coin-price-prediction-key-support-at-0-70-as-volatility-cools-after-parabolic-spike/