Pi Coin Price Surges 1.2% to $0.5025 After Breakout

Pi Coin's price has shown a notable recovery, rising above the $0.50 level after a period of consolidation below key support zones for nearly three weeks. As of July 11, the price of Pi Coin is trading at $0.5025, marking an increase of nearly 1.2% over the past 24 hours. This upward movement follows the reclaiming of the lower boundary of the June-July descending channel, supported by rising momentum across intraday charts.

On the 4-hour chart, Pi Coin's price action indicates a confirmed breakout from a descending wedge structure that began in late June. The break above $0.4870 has turned the Supertrend bullish and triggered a sharp rise toward $0.5060. This is the first time since June 28 that Pi has closed decisively above its EMA50 and EMA100, signaling a shift in short-term sentiment.

The daily chart also shows price attempting to break out from a larger triangle consolidation. Pi has now printed two green candles in a row after defending the $0.4460 low. Meanwhile, the 0.236 Fibonacci level near $0.4830 is acting as reclaimed support, while the 0.382 Fib at $0.5130 is now being tested as near-term resistance. Volume has increased slightly, but not impulsively, suggesting that while momentum is returning, a strong catalyst may still be needed to trigger further upside.

The breakout in Pi Coin's price is being fueled by multiple converging signals. The DMI on the 4-hour chart shows a fresh bullish crossover, with the +DI crossing above the -DI while ADX rises toward 40. The Supertrend has also flipped green with a support base at $0.4709, further validating the bullish sentiment that emerged after July 9. This signals a strengthening trend. Supporting this, the Parabolic SAR dots have flipped below price for the first time in over a week, indicating trend confirmation.

On the 30-minute chart, price has reclaimed the VWAP and remains above the SAR dots, with intraday bands expanding. This shows buyers are gradually regaining intraday control. Moreover, the Chande Momentum Oscillator (CMO) and the True Strength Index (TSI) are both rising steadily, with TSI now at 26.99 and CMO above 36. These figures support an early trend shift from bearish to bullish.

Technical indicators are converging around key resistance levels. Pi’s price is currently testing the upper Bollinger Band near $0.5110, while the EMA200 (4-hour) at $0.5412 presents a critical hurdle if bulls sustain control. The 0.5 Fibonacci level at $0.5566 is the next major upside barrier if price breaks cleanly above $0.5130. However, traders should note that volatility is expanding. Bollinger Band width has widened and candles are showing longer wicks, suggesting early profit-taking. A rejection below $0.5130 could push price back to $0.4870–$0.4750 in the short term.

Pi Coin price appears poised for a retest of $0.5130, and potentially $0.5300 if momentum holds. A clean break above $0.5300 would open the door toward $0.5566 (Fib 0.5), followed by $0.5827 (Fib 0.618). If bulls lose the $0.4870 support again, Pi may revisit the prior base at $0.4570. Below that, the next support lies at $0.4460, which was the swing low from late June. Overall, the structure is tilting bullish, but sustained momentum will depend on volume confirmation and holding above $0.4870 on closing basis.