Pi Coin Surges 20% to $1.36 on Bullish Breakout

Pi Coin's price has surged to approximately $1.36 following a remarkable 20% rally that has propelled the token past critical resistance levels. This significant price spike is supported by a strong breakout above $1.00 and confirmed by multiple indicators, marking one of the most notable price increases in recent weeks.

Analyzing the daily chart with Fibonacci retracement from the March swing high to the April low, Pi Coin's price has decisively broken above the 2.618 extension at $1.16 and is now testing the 3.618 Fib level near $1.39. This suggests that bullish momentum may approach exhaustion, but not before testing upper extensions around $1.50 if volume sustains. The asset has surged over 125% since May 9, riding a breakout from long-term compression zones between $0.60 and $0.70.

The recent surge was triggered by a breakout from a multi-week descending triangle, with the price leaping from the $0.70 resistance-turned-support zone. This vertical price action is also supported by an uptick in buying pressure across intraday momentum charts.

Momentum indicators are flashing overheated signals. On the 30-minute chart, the Relative Strength Index (RSI) is above 77, clearly in overbought territory. The Moving Average Convergence Divergence (MACD) also shows widening divergence, with the MACD line above the signal line and histogram bars staying green — signs of short-term strength. However, such levels typically precede consolidation or a minor retracement.

Stochastic RSI on the 15-minute chart shows both lines above 90, signaling that Pi Coin price action could face exhaustion soon. The Ichimoku Cloud on lower timeframes continues to show bullish alignment — with price comfortably above the cloud and Tenkan-Sen (conversion line) far above the Kijun-Sen — reinforcing upward trend structure in the near term.

Despite the bullish bias, traders must be cautious of the Pi Coin price volatility that accompanies vertical rallies. Minor corrections toward $1.22 or even $1.10 are not off the table if short-term buyers exit after this steep run.

Zooming into the 4-hour chart, the price is now parabolic. After reclaiming the 200 Exponential Moving Average (EMA) around $0.72 on May 10, the rally picked up pace. The 20/50/100/200 EMA lines are all in bullish alignment, and the current candle body is well above the upper Bollinger Band at $1.29 — a classic sign of near-term overextension.

Support lies at $1.16 (previous Fib extension), followed by the $1.00 psychological level. Below that, $0.88–$0.90 acts as an important re-entry zone, confirmed by both EMA clusters and historic resistance turned support. Meanwhile, upside resistance remains at $1.39 (3.618 Fib) and then $1.53.

The main reason for Pi Coin's price increase today is the sustained breakout from both trendline and compression zones coupled with confirmation on multiple timeframe EMAs and Bollinger Band expansion. As long as the price holds above $1.16 on pullbacks, bulls remain in control.

As we head into May 13, traders can expect heightened Pi Coin price volatility given how rapidly the asset has moved in recent days. If the price breaks above $1.39 on strong volume, the next upside target could lie near $1.53–$1.58. However, failure to break and hold this level may result in a brief correction toward $1.16 or even $1.00 to reset momentum.

The trend remains bullish above the $0.88–$1.00 support band. For swing traders, pullbacks into that region could offer favorable risk-reward entries. Day traders, however, should closely monitor RSI and Stoch RSI for signs of cooling, as intraday exhaustion is clearly building.