Pi (PI) Price Prediction for 2nd June 2025
The post Pi (PI) Price Prediction for 2nd June 2025 appeared on BitcoinEthereumNews.com. The Pi Network price today continues to face renewed downside pressure after a failed attempt to reclaim the $0.70 handle. As of writing, Pi Network price is trading near $0.629, slipping over 4% on the day and decisively below its short-term trendline support. This persistent weakness below key moving averages and structure zones suggests sellers are regaining control ahead of the week’s close. What’s Happening With Pi Network’s Price? On the daily timeframe, Pi Network price action is developing beneath a descending triangle structure. The recent rejection from $0.756 and the inability to reclaim that zone has opened room for a drop into the broader demand range between $0.58 and $0.60. This red-to-green zone transition is critical—historically acting as a re-accumulation pocket before the May rally began. The long upper wicks seen on multiple candles post-May 20 confirm strong overhead selling pressure. Meanwhile, the daily trendline drawn from the March low has now been broken, signaling the potential start of a larger correction phase unless bulls reclaim lost ground quickly. Downside Structure Deepens As Sellers Push Through Support Zooming into the 4-hour chart, Pi Network price volatility is tightening within a descending wedge-like formation, with price repeatedly rejected from the falling resistance trendline near $0.673. On the lower bound, interim support at $0.620 is currently being tested. A confirmed breakdown below this level could open a fast drop toward the $0.59–$0.60 liquidity zone. Notably, all four major exponential moving averages (EMA 20/50/100/200) on the 4H chart have now turned downward, with price firmly trading below them. The Bollinger Bands are beginning to expand lower, suggesting increasing downside volatility ahead. This setup points toward a likely continuation of the current bearish momentum unless reversed with strong volume. Why is the Pi Network Price Going Down Today? The answer to Why Pi…
The post Pi (PI) Price Prediction for 2nd June 2025 appeared on BitcoinEthereumNews.com.
The Pi Network price today continues to face renewed downside pressure after a failed attempt to reclaim the $0.70 handle. As of writing, Pi Network price is trading near $0.629, slipping over 4% on the day and decisively below its short-term trendline support. This persistent weakness below key moving averages and structure zones suggests sellers are regaining control ahead of the week’s close. What’s Happening With Pi Network’s Price? On the daily timeframe, Pi Network price action is developing beneath a descending triangle structure. The recent rejection from $0.756 and the inability to reclaim that zone has opened room for a drop into the broader demand range between $0.58 and $0.60. This red-to-green zone transition is critical—historically acting as a re-accumulation pocket before the May rally began. The long upper wicks seen on multiple candles post-May 20 confirm strong overhead selling pressure. Meanwhile, the daily trendline drawn from the March low has now been broken, signaling the potential start of a larger correction phase unless bulls reclaim lost ground quickly. Downside Structure Deepens As Sellers Push Through Support Zooming into the 4-hour chart, Pi Network price volatility is tightening within a descending wedge-like formation, with price repeatedly rejected from the falling resistance trendline near $0.673. On the lower bound, interim support at $0.620 is currently being tested. A confirmed breakdown below this level could open a fast drop toward the $0.59–$0.60 liquidity zone. Notably, all four major exponential moving averages (EMA 20/50/100/200) on the 4H chart have now turned downward, with price firmly trading below them. The Bollinger Bands are beginning to expand lower, suggesting increasing downside volatility ahead. This setup points toward a likely continuation of the current bearish momentum unless reversed with strong volume. Why is the Pi Network Price Going Down Today? The answer to Why Pi…
What's Your Reaction?
