The Pi coin price today is trading near $0.413, down over 4% on the day after a sharp rejection from the $0.46 resistance zone. This area coincides with a 4-hour supply block and the upper Bollinger Band, creating strong overhead pressure. The pullback comes after a multi-day rally from the $0.326 low, where buyers staged an aggressive breakout through short-term resistance.

What’s Happening With Pi Coin’s Price?

On the daily chart, PI remains in a broader downtrend, with descending trendline resistance still capping upside since May. The recent rally broke above the short-term dynamic levels but stalled precisely at the confluence of the $0.46 supply zone and the daily EMA cluster. The On-Balance Volume (OBV) remains near multi-month lows, suggesting that despite the price spike, broader accumulation is still weak.

On the 4-hour chart, the rally pushed price above the 20 EMA ($0.391) and 50 EMA ($0.384), but sellers defended the 200 EMA at $0.4287. The rejection has sent PI back toward the mid-Bollinger Band ($0.4402), which now acts as immediate resistance.

…

The post Pi Network (PI) Price Prediction for August 11 appeared first on Coin Edition.