Pi Coin Price Prediction for Today (May 9)

Pi Network price finally broke through some key resistance levels yesterday and is now showing early signs of a short-term shift.

Pi Network's price finally broke through some key resistance levels yesterday, showing early signs of a short-term shift. After spending several sessions moving sideways, the price experienced a jump and is now trading at around $0.6297, showing a rise of nearly 9% in the last 24 hours.

This breakout has caught the attention of traders, although many remain cautious as the technical indicators are sending mixed signals. The $0.59 to $0.60 zone has flipped into a support area, and all eyes are now on the next resistance level around $0.66.

Whether this breakout will continue or lose steam in the next few hours will likely become clearer.

Pi Coin Chart Analysis

On the daily chart, the Pi Coin price broke above a descending trendline that had been keeping the price under pressure since March. The bullish daily candle from May 8 also closed above the 9-day EMA, which adds further strength to this move. This technical breakout may mark the beginning of a trend shift if bulls can maintain control.

The $0.56–$0.59 area remains a key support zone. This level was tested several times over the past few weeks, and buyers consistently defended it. The next challenge lies in pushing through the $0.66 level. If price fails to hold above $0.60, there could be a risk of dropping back toward the support range.

Hourly candles leading into May 9 show some hesitation after the breakout. While buyers made a strong move, the market is still digesting this change. Whether bulls follow through or not will depend on volume and momentum over the next few sessions.

Technical Indicators

Here is a snapshot of the current hourly indicators for Pi Coin price:

Indicators are mixed. MACD and ROC remain bearish, while Ultimate Oscillator and Bull Power suggest mild buyer interest. RSI and CCI stay in the neutral zone, showing that momentum is building but not yet decisive.

Pi Coin Price Prediction for Today

For today, Pi Coin may attempt to retest the $0.66 resistance level if the price holds above $0.60. A clear move above $0.66 with volume could open the way toward the $0.70–$0.75 range.

On the downside, if the Pi Coin price falls below $0.59, there is a risk of a drop toward $0.56 again. A move below that would invalidate the breakout and bring $0.52 into focus.

The outlook stays neutral to somewhat bullish if price holds above $0.60. Watch the $0.66 level carefully – it’ll likely determine if this breakout can continue upward.

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News data source: kdj.com

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