The post Pi (PI) Price Prediction for May 18 appeared on BitcoinEthereumNews.com.

The Pi Coin price today is trading around $0.69, struggling to recover after a steep multi-day selloff that erased nearly half of its recent gains. After surging toward the $1.50 mark earlier this month, Pi Coin price action has sharply reversed, falling into a critical support zone near $0.65. This region coincides with a rising trendline visible on the 4-hour chart, and its defense will likely determine Pi’s near-term trajectory. What’s Happening with Pi Coin’s Price? On the 4-hour chart, the Pi Coin price appears to have broken below multiple short-term support levels, including the $0.85 and $0.75 zones, before stabilizing near $0.65. This support area is derived from a long-standing ascending base that began forming in late April. The current bounce attempt is modest, but buyers are trying to reclaim lost ground after five consecutive bearish candles. Zooming into the 15-minute structure, we can see the selloff decelerating, with the price now consolidating in a narrow band between $0.68 and $0.70. However, unless this minor rebound is confirmed with volume and follow-through above $0.72, the broader downtrend remains intact. Bearish Crossover and Cloud Rejection Deepen Pi Coin Price Update The Pi Coin price update from the daily chart shows significant downside rejection from the $1.50 peak, which formed a sharp wick reversal. The MACD has entered a bearish crossover on the 30-minute timeframe, with the histogram deep in negative territory. This suggests sellers still dominate short-term momentum.’ The Ichimoku Cloud paints a similar picture. On the 30-minute timeframe, price has been trading below the cloud since May 15, with a bearish Kumo twist forming ahead. The Tenkan and Kijun lines are aligned for a further decline, unless price can break above $0.73. Meanwhile, the RSI on the 30-minute and 4-hour charts is sitting near 34–36 — an oversold zone,…

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Filed under: News - @ May 17, 2025 1:22 pm