Price Prediction for Pi Coin: Will the Breakout Rise Be Sustained Above $1?

Pi Coin is trading around $1.05 today, marking a sharp increase of more than 35% in the last 48 hours. This explosive price action was driven by a textbook breakout from the multi-week accumulation zone between $0.59 and $0.74, as seen on the 4-hour and 30-minute charts. The bullish structure was confirmed by a strong breakout candle on May 11 that broke the psychological and technical resistance at $1.00.

The latest bullish surge of Pi Coin marks the first time in several months that this token has surpassed the $1.00 mark with confirmed volume. The on-chain price momentum, driven by active short-term buyers, is pushing this coin into new territory, and technical indicators suggest that the bullish trend may not be over yet. What Is Happening With The Price Of Pi Coin? RSI and MACD Indicate A Continued Bullish Trend

The current price movement of Pi Coin reflects a strong overbought condition on lower time frames, but this is often typical of breakout phases. On the 30-minute chart, the RSI is above 78, indicating that the asset is in the overbought zone. However, the MACD shows a healthy bullish crossover, with the histogram chart expanding, indicating that the upward momentum has not yet peaked.

Meanwhile, the 4-hour chart confirms a decisive trend reversal. The Pi Coin price update shows that the candle has closed continuously above all major EMAs (20, 50, 100, and 200). The Bollinger Bands have significantly widened, and the price is currently above the upper band — a sign of trending behavior rather than random volatility. This confirms that the reason why Pi Coin's price is bullish today is largely related to the reactivation of the breakout setup that has formed over the past two weeks. After a series of higher lows, Pi Coin has finally broken through the cross resistance zone at around $0.80 and has never looked back. Main Resistance Targets and Fibonacci for May 12

Using Fibonacci retracement from the recent movement, we see 1.0549 as the 1.618 extension — which Pi Coin has reached today. If buyers try to hold above this level, the next bullish target is near the 2.618 level at 1.16 dollars, followed by 1.27 as a potential extension in the case of continued large volume breakout. However, traders should also prepare for a potential pullback. Immediate support lies around $0.96–$0.98 ( Fib zone 1.0 and 0.786), consistent with the previous breakout structure. A drop to these levels would still maintain the bullish structure unless the price falls below the zone $0.87–$0.89. The recent price volatility of Pi Coin has risen to the sky, as indicated by the expanded Bollinger Bands and the surge in volume. This volatility is expected to remain high in the next 24-48 hours as the bulls and bears battle around the key psychological level of 1.00 dollars. Outlook for May 12: Decrease or Reach a New Peak?

By May 12, traders should pay attention to the following important signs: If Pi Coin closes above $1.05 with sustained trading volume, the bullish momentum may continue towards $1.16 and beyond. A pullback to $0.96 could provide a healthy re-entry opportunity if the bullish trend structure remains intact. RSI must slightly decrease on the 1-hour and 4-hour charts to avoid short-term correction. MACD needs to maintain a bullish crossover to sustain the rise. The market structure remains bullish and the price of Pi Coin has returned to a zone of strong price discovery not seen since Q1 2024. Traders should be cautious with the volatility but optimistic about the potential for continued bullishness in the short term unless this asset loses the support level of $0.89. Forecast Table: Pi Coin Price Prediction – May 12