Pi Coin finds itself at a critical juncture after experiencing a dramatic surge. Despite recent dips, the coin remains stuck below key resistance levels, prompting anticipation for its next move. The introduction of new trading pairs has ignited excitement within the Pi community. 20% breakout? Traders are speculating on a substantial price jump soon as the coin forms a symmetrical triangle pattern. This often signals significant price shifts. Open interest is also surging, reaching $21 million – a clear indication of increased activity and confidence. Funding rates have turned positive once again, suggesting buyers are back in play. 20% breakout? If Pi breaks through key resistance levels like the 200-day SMA and 50-day SMA at $0.86, it could potentially rally towards $0.92. However, if support is lost, the price could drop to $0.61. The launch of the PI/USD1 trading pair on MEXC marks a significant milestone for Pi’s real-world utility and could be a game changer in its journey toward mainstream adoption. It has also seen increasing momentum from Pioneers, with over 102 million tokens withdrawn from OKX, suggesting growing confidence. However, some have raised concerns about recent large transfers of Pi tokens, which have affected the coin’s price and led to speculation regarding potential manipulation or insider trading. Pi started May strong, surging by 190% to $1.67 before experiencing a significant correction, dropping 55% and settling into a sideways trend. This decline was likely due to large token unlocks expected at the end of the month, which could trigger selling pressure. The outlook remains uncertain, with CoinDCX suggesting that if Pi can break above $0.84 (the 50-day EMA), bullish momentum might return. As May comes to a close, expect the price range to settle between $0.68 and $0.74.