Following a dramatic price swing earlier this month, Pi Coin is currently experiencing slow momentum as it starts the week. After reaching nearly $1.75 on May 11, the token has corrected sharply and is trading just above $0.73. The recent action suggests signs of exhaustion but buyer pressure may persist for now. Let’s examine today’s outlook based on past analysis. 📅 Yesterday’s Pi Coin Performance Recap: 💡 We highlighted the significance of the $0.70 support level and noted that Pi likely entered a sideways consolidation phase unless bulls regained strength. As expected, Pi held above $0.70 and traded in a tight range between $0.72 and $0.75 throughout yesterday. We also pointed out reduced momentum across multiple indicators, suggesting no immediate breakout. This analysis still holds as we move into today’s session. 📊 Pi Coin Daily Overview (May 20): Current Price: $0.7324 24h Change: -0.65% 4H RSI: 42.73 Volume: Lower compared to peak breakout days The price has been consolidating in a narrow range over the past few days with short candles and lower wicks indicating lack of directional conviction. A key support level is forming around $0.70, while the resistance zone sits between $0.80 and $0.85. 🔍 What the Pi Coin Chart Is Showing: The 4-hour chart reveals that Pi Coin is in a cooling-off phase after its parabolic run earlier in May. The token has slowly drifted downward towards a support band at $0.70–$0.72. Volume has significantly decreased, and price action has flattened – a sign that the market is waiting for new catalyst. Source: TradingView Despite the bearish retracement, there’s no clear breakdown yet. As long as the $0.70 level holds, consolidation may precede the next leg. 📈 Technical Indicators (Daily Timeframe): Indicator Value Signal / Interpretation MACD +0.032 Mild bullish crossover, weak momentum ADX 27.41 Moderate trend strength, fading CCI -37.03 Slight bearish pressure Highs/Lows -0.003 Flat structure, no breakout or breakdown Ultimate Oscillator 36.83 Weak buying interest ROC (Rate of Change) 26.88 Strong bullish momentum (Buy signal) Bull/Bear Power -0.101 Slight bearish dominance Summary: Most indicators suggest mild bearish-to-neutral sentiment. The ROC stands out with bullish momentum, but without confirmation from MACD or volume, it’s not enough to signal a breakout on its own. 🔮 Pi Coin Price Prediction Scenarios: Bullish Scenario: If Pi Coin breaks above $0.80–$0.85 with strong volume, a rally toward $0.95–$1.05 becomes possible. Neutral Scenario: If Pi Coin holds above the $0.70 support, expect sideways movement between $0.70 and $0.80. Bearish Scenario: A breakdown below $0.70 could send the price down to $0.65 or even $0.60 in the short term. Wrapping Up: Pi Coin is no longer experiencing explosive growth we witnessed two weeks ago. Momentum has cooled, and indicators present a mixed bag. The market seems poised for either new news or stronger buying interest before making its next move. If you are a short-term trader, keep an eye on the $0.70 support level. A daily close below this level may open the door to a deeper correction. On the other hand, a surge above $0.85 with volume could revive the bullish setup. For today, the most likely path is continued sideways movement unless buyers show renewed strength before U.S. market hours. Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates. 📰 Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. , 🔍