Pi Coin Price Analysis: Chart & Outlook for May 23

After a significant breakout and correction earlier this month, Pi Coin price action shows waning momentum as it nears the end of the week. While reaching an intraday high near $1.80 in early May, the token has pulled back to trade just above $0.81. While Pi Network’s price action has stabilized above the $0.80 level, declining volume and resistance at a descending trendline are keeping the market in a holding pattern.