- Summary:
- Pi Coin breaks above $0.74 after weeks of consolidation. Bulls now eye $0.975 and $1.23 as momentum builds. Can Pi sustain the breakout?
Pi Coin surged on Wednesday, reclaiming momentum after weeks of sideways price action. The move comes as Bitcoin trades near $103,000, fueling broad upside in altcoins and reviving bullish sentiment across the crypto market. PI climbed to $0.7444, marking its highest level since early April and breaking past the key resistance zone at $0.6624.
Momentum indicators confirm the shift. RSI is holding above 62, suggesting strong buying interest without flashing overbought. The MACD remains positive, building on last week’s bullish crossover and supporting the breakout.
Pi Coin Technical Analysis: Latest Support and Resistance Levels
- Immediate resistance: $0.9750
- Breakout target: $1.23, then $1.33
- Support levels: $0.6624, followed by $0.4123
The current structure points to an emerging bullish phase. Price action is coiling above support, with increasing volume and firm momentum. Traders are now watching for a clean push through $0.9750, a level that capped Pi’s recovery in late March.
Failure to hold $0.74 could trigger a short-term pullback toward $0.66, though the trend remains upward while bulls defend this zone.
Outlook: Can Pi Coin Hit $1 in May?
With Bitcoin reclaiming six-figure territory and altcoins catching a tailwind, Pi Coin may extend its rally in the short term. A clean break above $0.975 would strengthen the case for $1 and higher, especially if volume continues to rise.
Still, Pi remains speculative. The project has yet to launch its full mainnet, and listings vary by exchange. But from a technical standpoint, the trend has shifted. As long as bulls defend $0.66, dips may attract buyers looking to ride the next leg higher.