Pi Coin Price: Can the buyers maintain the breakout level above $1.5?

Pi Coin is currently trading near $1.36 after a 20% bullish surge that has pushed this token past important resistance levels. Supported by a strong breakout above $1.00 and confirmation from multiple indicators, this move marks one of the most significant bullish runs for Pi Coin in recent weeks. How is the price of Pi Coin changing?

Looking at the daily chart with Fibonacci retracement drawn from the March swing high to the April low, the Pi Coin price has clearly broken above the 2.618 extension level at $1.16 and is currently testing the Fib 3.618 level near $1.39. This indicates that bullish exhaustion may be approaching, but not before testing the extension levels around $1.50 if the volume holds. The asset has surged over 125% since May 9, breaking out of the long-term consolidation range between $0.60 and $0.70. The recent bullish move was triggered by a breakout from a descending triangle that lasted several weeks, with prices skyrocketing from the resistance level turned support at $0.70. This vertical price action is also supported by an increase in buying pressure on the daily momentum charts. RSI, MACD, and Stoch RSI suggest overextension: Correction or continuation?

Momentum indicators are flashing overbought signals. On the 30-minute chart, the RSI is above 77, clearly in the overbought territory. The MACD also shows an expanding divergence, with the MACD line above the signal line and the histogram bars remaining green — a sign of short-term strength. However, such levels often precede a consolidation or a small pullback.

The random RSI on the 15-minute chart shows both lines above 90, indicating that the price action of Pi Coin may soon exhaust. The Ichimoku cloud on lower time frames continues to show a bullish alignment — with the price comfortably above the cloud and the Tenkan-Sen (conversion line) significantly higher than the Kijun-Sen — reinforcing the bullish trend structure in the near future. Although there is a bullish trend, traders must be cautious of the price volatility of Pi Coin that accompanies vertical price increases. Small corrections to $1.22 or even $1.10 are not out of the question if short-term buyers exit after this strong bullish move. Why did the price of Pi Coin increase today?

Zooming in on the 4-hour chart, the price is currently at a parabolic level. After reclaiming the EMA 200 line around $0.72 on May 10, the bullish momentum has accelerated. The EMA 20/50/100/200 lines are all in a bullish trend and the current candle body is significantly higher than the upper Bollinger Band at $1.29 — a classic sign of short-term overextension. Support is at the level of $1.16 (previous Fib extension), followed by the psychological level of $1.00. Below that, $0.88–$0.90 acts as an important re-entry zone, confirmed by both the EMA cluster and the historical resistance level turning into support. Meanwhile, the bullish resistance level remains at $1.39 (Fib 3.618) and then $1.53. The main reason for the increase in Pi Coin's price today is the continuous breakout from both the trend line and the compression zone combined with confirmation across multiple time frame EMAs and the expansion of the Bollinger Bands. As long as the price holds above $1.16 during the pullback, the buyers remain in control. Prospects for May 13: Extend the breakout or a cooling phase?

As we enter May 13th, traders can expect the price volatility of Pi Coin to increase significantly due to how quickly this asset has moved in recent days. If the price surpasses the resistance level of $1.39 with large volume, the next bullish target may lie near the $1.53–$1.58 range. However, if it fails to break and hold this level, it could lead to a short correction to $1.16 or even $1.00 to reset the momentum. The trend remains bullish above the support level of $0.88–$1.00. For swing traders, a pullback into that zone could provide favorable risk-reward entries. However, day traders should closely monitor the RSI and Stoch RSI for signs of cooling off, as the intraday exhaustion is clearly increasing. Pi Coin Forecast Table – Key Levels to Watch