Pi Coin is forming a symmetrical triangle as traders anticipate a breakout amid growing interest and positive futures indicators.
Current Status of Pi Coin
Pi Coin is currently consolidating around $0.74, with the price held below the 50-day exponential moving average (EMA) resistance at $0.84. The key resistance remains around $1.15, while critical support sits at $0.52. Key catalysts such as mainnet launch, new exchange listings, or strategic partnerships could trigger an upward move.
Technical Analysis
Technical indicators for Pi Network show mixed signals. Most moving averages indicate a sell trend, while some oscillators like the Stochastic suggest a potential recovery. The overall trend is still bearish, but with short-term buying potential. Traders are watching for a clear breakout to confirm a momentum shift.
Is a 20% Breakout Expected?
Pi Coin is forming a symmetrical triangle — a pattern often preceding major price movements. Open interest has reached $21 million, increasing by nearly $3 million in just six hours. Despite price uncertainty, the number of Pi bulls is rising. Additionally, futures funding rates have turned positive again, indicating buyers are returning.
If the price breaks above key resistances — first the 200-day SMA, then the 50-day SMA at $0.86 — a rally toward $0.92 is possible. Conversely, if the lower trendline of the triangle is breached, the price could fall to $0.61.
New Trading Pairs and Exchange Interest
On May 27, MEXC added the PI/USD1 trading pair. Analyst Dr Altcoin believes this could be a turning point for the project, boosting liquidity, credibility, and visibility. This could make it more appealing than traditional stablecoin pairs.
Growing Popularity and Adoption
Major exchanges like MEXC and Bitget now support USD1 pairs, positioning Pi more favorably for mass adoption and long-term growth in the crypto space.
Recently, over 102 million Pi tokens were withdrawn from OKX, indicating strong interest and confidence among Pioneers. However, some have voiced concerns over potential insider manipulation. The price briefly surged past $0.80 but has since stabilized around $0.77.
Price Volatility and Forecast
Pi started May with a 190% rally, reaching $1.67, but then dropped 55% and entered a sideways trend. Selling pressure increased due to the expected unlock of 37 million tokens by the end of May, with $13.5 million unlocked today.
According to CoinDCX, if the price moves above $0.84 again (the 50-day EMA), bullish momentum could return. May is expected to close with Pi trading between $0.68 and $0.74.
Conclusion:
Pi Coin shows potential for significant price action — both upward and downward. Traders are watching closely for breakouts at key levels. While technical indicators remain mixed, growing exchange interest and community engagement suggest that Pi may be nearing its next major move.
Frequently Asked Questions
Find answers to the most common questions below.
A symmetrical triangle is a chart pattern that typically precedes a breakout. In Pi’s case, it suggests price compression and rising tension, with potential for a 15–20% breakout in either direction.
Open interest rising to $21 million indicates increased trader activity and confidence. It suggests that more capital is flowing into Pi-related futures contracts, which could lead to more volatile price action.
Key drivers include the official mainnet launch, new exchange listings, Pi/USDC or Pi/USD1 trading pairs, major partnerships, and broader market recovery. Technical momentum above $0.84 would also be bullish.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
