Pi Network Price Rises 15.36% in 24 Hours as of May 9, Faces Resistance at $0.78

Over the last 24 hours, Pi Network price surged by 15.36%, showing strong bullish momentum. On the weekly chart, Pi coin is now up by 23.84%, reflecting consistent buying pressure. The price hovered around the key resistance of $0.78 and temporary support at $0.70 throughout the day. Early breakouts, RSI overbought signals, and golden crosses on the MACD line pushed Pi higher, with the coin hitting a daily top of $0.7800. While the trend is bullish, traders are closely watching for either a breakout above resistance or a pullback below support.

Pi Network Price Analysis of May 8

The trading day of May 8th for PI/USDT started with a breakout at midnight.  It’s triggered by a golden cross on the MACD line and reinforced by an overbought condition on the RSI indicator. This pushed the price upward, with buyers maintaining pressure throughout the early hours. At 02:55 UTC, another golden cross on the MACD spiked bullish momentum. Those consistent overbought RSI readings led the price to hit resistance at the psychological level of $0.6500. However, the bulls lost momentum as a death cross appeared on the MACD, initiating a sharp pullback. The price found support at $0.6159 as sellers took control. Another death cross at 08:30 UTC further fueled bearish momentum, dragging the price lower until bulls returned after a golden cross at 11:35 UTC.

PI/USDT Chart- 1, analyzed by ShwetaCW, published on TradingView, May 9, 2025

As shown in the PI/USDT 5-minute Chart- 1, the market shifted again as upward momentum resumed. RSI indicators showed overbought signals at 15:40 UTC and 19:50 UTC, suggesting strong buyer interest and renewed bullish energy. Toward the end of the day, a final golden cross on the MACD appeared at 23:25 UTC, followed by an RSI overbought signal near midnight. This triggered another breakout, signaling the bulls might be gearing up for another run above resistance.

Pi Network Price Analysis of May 9

The trading day of May 9th kicked off with a strong breakout. It is driven by bullish momentum and a continuous overbought signal on the RSI indicator until 01:30 UTC. Buyers dominated the early movement, pushing the Pi price into an uptrend that peaked at a key resistance level of $0.7001. But the rally didn’t last long; a death cross appeared on the MACD line, signaling a shift in momentum. Sellers stepped in, and the price dropped sharply. By 04:15 UTC, the MACD showed a golden cross, while the RSI dipped into oversold territory by 06:00 UTC.

PI/USDT Chart- 2, analyzed by ShwetaCW, published on TradingView, May 9, 2025

This combination triggered another breakout and shifted sentiment back to bullish. The uptrend continued, boosted by another RSI overbought reading at 07:25 UTC. Pi Network price hit its intraday high at $0.7800, marking the top for the day. As shown in PI/USDT Chart-2, after reaching that level, the MACD indicator flashed another death cross, signaling a cooling-off phase. The price entered a range-bound movement, consolidating between $0.70 support and $0.78 resistance. As of now, Pi is hovering near $0.76, with traders waiting to see which side, bulls or bears, takes the next lead.

Pi Network Price Outlook

According to Pi Network price analysis, if bullish momentum continues, the price could break through the current resistance at $0.78 and potentially aim for the $0.80 mark or higher. However, if selling pressure increases and the trend reverses, Pi may test the temporary support at $0.70. A break below this level could bring the price down toward previous support zones around $0.67 or lower. At the moment, the market remains range-bound, with traders watching closely for a clear breakout or breakdown. The next few sessions will likely set the tone for Pi’s short-term direction.