Pi Coin has experienced a remarkable price surge in recent weeks, exceeding the $1.26 mark and capturing attention from traders worldwide. This unexpected rise has sparked speculation about whether it marks the beginning of a sustained rally or a short-lived pump before a cooldown. |
The 4-hour chart showcases Pi Coin’s impressive upward trajectory. After trading in a tight range for several weeks, price action picked up pace earlier this month. The breakout on May 11th marked a pivotal moment with the token soaring past key psychological levels and reaching an all-time high of $1.26. This surge wasn’t the catalyst for the entire rally but it was clearly the most explosive part of the rise. The token tore through resistance zones almost effortlessly, demonstrating the strength of the bullish momentum.
Technical indicators paint a similar picture of accelerating momentum. The MACD suggests strong bullish crossover signals, while the ROC is above 100%, indicating an unsustainable surge in price. The CCI points towards overbought conditions, and the Ultimate Oscillator confirms persistent buying pressure.
However, the RSI hovering around 77 on the 4-hour chart suggests a possible pullback before further price movements.
What to Expect for Pi Coin Today (May 12)
Following its recent surge, Pi Coin might see some short-term consolidation. If momentum continues to ease, we could witness a pullback toward the $1.05–$1.10 zone, which would remain healthy in the long term.
If bulls maintain control and keep price above $1.20, it opens the door for further gains. The next key resistance levels are more psychological than technical with $1.35 and $1.50 being potential upside targets.
However, the overbought conditions suggest a period of consolidation between $1.15 and $1.30 appears to be the most realistic outcome for today.
Yesterday’s Pi Coin price prediction from CaptainAltcoin accurately predicted the push past $1.00 and towards $1.20 as bulls held strong.
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