Pi Coin Price Rises 2% Amid Low Volatility

Pi Coin has been trading sideways at the start of the week, following weeks of volatility triggered by its sharp May breakout. The price of Pi Coin is currently at $0.6364, marking a nearly 2% increase over the past day. Despite the rise in trading volume by 6.17%, the price action remains confined within a narrow range. Momentum indicators are slowly improving, and the market is awaiting a decisive move.

Yesterday’s prediction outlined three key scenarios. In the neutral case, it was expected that the Pi Network price would stay between $0.61 and $0.66, with low volatility and weak momentum on both sides. This is exactly what unfolded, as the price stayed within the projected range, showing no breakouts or breakdowns. Additionally, a candle close above $0.66 could open the door to a short-term rally toward $0.70–$0.73. However, this threshold has not yet been crossed, keeping the bullish scenario on hold for now.

Pi Coin’s price remains in a holding pattern, stuck between support at $0.60 and resistance at $0.66. The lack of breakout structure and low volatility suggest that the market is consolidating. Unless volume spikes and bulls reclaim higher levels, price action is likely to stay within this range. The 4H chart continues to reflect a post-rally cooldown, following the steep May surge to $1.85 and the subsequent crash. Pi Coin has stabilized around the $0.60–$0.66 zone, with price flattening in recent sessions, signaling a lack of directional bias. There’s no clear trend in place right now, as buyers are defending the $0.60 level but have yet to generate enough momentum to push the token above resistance. Without a fresh catalyst, this range-bound structure may persist.

Most technical indicators lean slightly bullish. The RSI (14) is at 56.67, indicating mild bullish momentum. The MACD (12,26) shows a weak bullish crossover at +0.002. The ADX is at 36.03, suggesting a strong trend forming that favors buyers. The Ultimate Oscillator is at 57.76, indicating light bullish pressure. The ROC is at +0.859, showing a gradual upward shift, and the Bull/Bear Power is at +0.0013, indicating a slight buyer advantage. However, the strength is limited, and there is no strong confirmation of an imminent breakout.

In the bullish scenario, a confirmed 4-hour candle close above $0.66 could trigger a move toward $0.70–$0.73, with volume support required to sustain the breakout. In the neutral scenario, if Pi Coin price continues to trade between $0.61 and $0.66, expect a range-bound session with limited volatility. In the bearish scenario, a breakdown below $0.60 would weaken the structure and could drive the price lower toward $0.58 or even $0.52.

In summary, Pi Coin price is trading in a narrow band with no clear short-term direction. Indicators are showing early signs of strength, but buyers have yet to reclaim higher levels. As long as the price holds above $0.60, the token may continue to consolidate. Watch for any break above $0.66 to determine if a bullish breakout is forming.