Are you thinking about jumping into Pi Coin but unsure if it’s the right moment? This PI price analysis breaks down the real story behind today’s sharp moves. From the recent breakdowns to signs of a possible rebound, we’ll walk you through the key support and resistance levels, plus what the RSI and MACD are showing right now. Whether you’re trading the bounce or watching for cleaner entries, this deep dive helps clear the picture. Let’s get into the price action and see what’s next for PI.
PI Price Analysis of May 23, 2025
The Pi coin price action today, from the start of trading to 09:10 UTC, shows a steep bearish move that set the tone early. After a short-lived attempt to stabilize above $0.8280 around 00:10 UTC, sellers initiated a strong push downward. By 00:20 UTC, the price entered a confirmed downward path, setting a lower high at $0.8240 and breaking the support around $0.8140 by 01:40 UTC. A golden cross in MACD appeared at 01:50 UTC, but failed to reverse the bias as a death cross quickly followed. RSI hovered mid-range, lacking momentum, while the structure shifted into a defined downtrend.
PI/USDT M-1 Chart, Analyzed by Alokkp0608, published on May 23rd, 2025.
Throughout 02:00 to 03:30 UTC, PI price moved sideways between $0.8140 and $0.8216, failing to reclaim former highs. At 03:24 UTC, it broke the $0.8140 support and declined sharply to a new support level around $0.8030 by 04:16 UTC. This move formed a new lower low (LL), extending the downward channel. Despite oversold RSI conditions and brief relief spikes, the price couldn’t escape the bear pressure. MACD’s earlier death cross held weight during this leg, guiding the continued drift lower. Weak bounces formed lower highs, signaling persistent seller control.
Bearish Extension Amid Failed Recoveries
Between 04:30 and 06:30 UTC, the PI price remained trapped below the new resistance at $0.8140, which had earlier acted as support. It consolidated in a narrow range, repeatedly failing to breach $0.8120. Structure-wise, each rebound formed another lower high (LH), reinforcing the broader downtrend. At 06:34 UTC, another PI breakdown sent the price through $0.8030, marking a clear continuation pattern. RSI dipped into oversold territory for the third time, confirming exhaustion at lower levels. MACD momentum deteriorated again with a fresh death cross at 06:15 UTC, which further validated the sellers’ grip over this consolidation zone.
New Support Emerges, Short-Term Lift Begins
After the 06:45 UTC PI breakdown, the price extended its losses to a new support near $0.7805, forming another lower low. However, price found demand in this zone and rebounded. By 06:55 UTC, a golden cross appeared in MACD, and RSI sharply recovered from oversold territory, both hinting at short-term relief. This bounce led the price to gradually challenge $0.7972, which is now acting as a fresh resistance. Price formed a higher low (HL) around $0.7830, potentially signaling a structure shift if followed by a higher high. Still, overall momentum remains tentative without a confirmed breakout.
Attempted PI Recovery Faces Resistance at $0.7972
Pi is currently rising from the new support at $0.7805, attempting to break through $0.7972. The price structure over the last 60 minutes shows a move away from lower lows toward a more constructive pattern. The recent higher low supports this idea, and RSI has climbed above 60, its highest point since 02:00 UTC, indicating growing bullish momentum. MACD, although still narrow, maintains a bullish bias following the 06:55 UTC golden cross. However, the price must break and hold above $0.7972 to confirm this reversal attempt. Until then, it remains a fragile recovery within a larger bearish framework.
PI Price Struggles for Momentum Reversal Below Key Resistance
Pi coin shows early signs of stabilization but lacks a confirmed reversal. Momentum is mildly bullish from the $0.7805 low, but the resistance at $0.7972 remains a critical barrier. A close above that level could open a path to retest $0.8140, now acting as a higher resistance. Immediate support remains at $0.7830, with stronger demand near $0.7805. MACD’s golden cross and RSI’s rise above 60 reflect improving conditions, but follow-through is essential. For now, the trend remains fragile, and any failure near $0.7972 could renew pressure back toward the recent lows. Bulls need volume and breakout confirmation to reclaim control.
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