Pi (PI) Price Prediction for May 18: Can Bulls Defend the $0.65 Level?

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?

Pi Network price dynamics (Source: TradingView)

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.

Pi Network price dynamics (Source: TradingView)

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

Pi Network price dynamics (Source: TradingView)

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.’

Pi Network price dynamics (Source: TradingView)

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, yet not showing bullish divergence. This indicates the coin could continue to drift sideways or lower before any meaningful reversal.

Why Pi Coin Price Going Down Today?

Pi Network price dynamics (Source: TradingView)

The sharp retracement is part of a broader correction after significant Pi Coin price spikes between May 9 and May 12, when Pi surged from under $0.50 to over $1.50 in a vertical rally. This move, while impressive, was unsustainable and left a price vacuum that sellers are now exploiting.

The current pullback also coincides with rejection at the upper Bollinger Band on the daily timeframe and a sharp mean reversion toward the 20-period midline. As of now, price is hugging the lower Bollinger Band around $0.68, showing potential exhaustion but still no clear reversal signal.

Short-Term Outlook: Can Pi Recover from this Selloff?

Pi Network price dynamics (Source: TradingView)

Bulls must hold the $0.65 trendline and push back above $0.72–$0.75 for Pi to regain bullish structure. This zone coincides with several short-term moving averages and the base of the previous breakdown on May 16. A close above $0.75 would open the door to retest $0.85 and eventually $1.00. However, failure to hold $0.65 could trigger a deeper pullback toward $0.58 and even the $0.50 zone, where the April base structure lies.

Given current Pi Coin price volatility, traders should watch for a breakout or breakdown from the consolidation range before committing to directional bias. Momentum indicators remain weak, but if RSI climbs above 45 and MACD crosses back above the signal line, a reversal scenario may emerge.

Pi Coin Technical Forecast Table: May 18