After skyrocketing from $0.60 to a peak of $1.56 within a few sessions, Pi Coin price has retraced sharply to the $0.85–$0.90 region. This zone is now acting as a short-term consolidation base. The Pi Coin price today is holding near $0.896, up 3% intraday, suggesting signs of a potential reversal after the intense Pi Coin price volatility seen in mid-May. Pi Network price dynamics (Source: TradingView) On the 4-hour chart, the asset remains under a descending trendline from the May 13 peak, but the price is attempting to break out above the recent short-term wedge pattern. A decisive close above $0.91 could push the next leg of recovery, while a drop below $0.84 risks deeper losses. Pi Coin Price Action Shows Base Formation After High-Volume Crash Pi Network price dynamics (Source: TradingView) Zooming into the 30-minute chart, the Pi Coin price action shows a structure of lower highs and higher lows, indicating a classic coiling pattern near support. Multiple breakout candles from the $0.87 zone have been seen, but bulls are struggling to break past the $0.91 resistance, which aligns with EMA clusters on the 4-hour timeframe. Pi Network price dynamics… The post Pi Coin (PI) Price Prediction for May 17 appeared first on Coin Edition .