Pi Coin Holds Above $0.70, Awaits Breakout at $0.75

Pi Coin has been maintaining a stable price range between $0.74 and $0.75 after emerging from an extensive bear market earlier this month. The token has shown resilience by holding above the $0.70 support level, indicating a rise in market demand. However, market participants are cautious as pi Coin approaches the psychological and technical resistance mark of $0.75.

The Pi price has tested the $0.7485 resistance level multiple times without a confirmed breakout. Market participants are awaiting a definitive signal during this period of consolidation right below the resistance level. If Pi Coin successfully surpasses $0.75, it could reach a price zone between $0.80 and $0.84. Conversely, failure to break through this resistance level could see the price decline to $0.67 or even $0.70.

Current market indicators present a mixed picture. The Rate of Change indicator shows constructive momentum, while the Commodity channel Index continues to rise above 120. An ascending triangle pattern could signal a strong Pi trend if it resolves upward. However, the Relative Strength Index (RSI) stands at 42.9, below 50, and the MACD signals bearish conditions without a crossover point, indicating caution.

During the period from 07:00 UTC on the 14th to 06:30 UTC on the 15th, the 5-minute price movements of Pi Network/USDT displayed range-bound patterns with multiple breakout and pullback phases. A descending trendline restricted price movement until 14:30 UTC, when the price reached the essential support level at 0.7310. The RSI indicator confirmed the price breakout, which passed through the oversold region and rose above the 40 level, indicating that selling forces had reached their peak before a bullish movement started.

The latest Pi analysis suggests a wait-and-watch strategy due to mixed signals. Sustained pressure near the $0.75 zone keeps the Pi price on edge. The MACD indicator provided extra confirmation evidence during this period, with a ‘Golden Cross’ appearing when the MACD blue line surpassed the Signal orange line within the 15:00-16:00 UTC period. The bullish preference became stronger when the histogram crossing point shifted from a negative to a positive value in the timeframe.

The price approached a hardened resistance at 0.7485, causing several rejecting moves at that point. The RSI stayed above the 40-50 middle range while the candle price repeatedly hit the 0.7485 resistance level, but the price maintained positive momentum across defined levels of movement. An ascending triangle pattern emerged in the price chart because the 0.7485 resistance failed multiple times and the higher lows drew two rising trend lines, but the breakout did not occur at 06:30 UTC.

The Pi Network/USDT technical chart demonstrates textbook patterns through indicator confirmation, supporting future short-term market movements and resistance levels. The market recovery from the 0.7310 support zone experienced support from the oversold RSI bounce, which combined with the MACD Golden Crosses. Industrial market participant observation indicates that ongoing failure to hold the 0.7485 resistance level shows a market waiting for a definitive price breakout to establish a new trend direction. The market requires traders to use a double confirmation strategy that watches for price action breaking out above 0.7485 and breaking down from the rising trend pattern.