Latest Price Update for Pi Network
As of May 31, 2025, the price of Pi Network (PI) is trading within a range of approximately $0.6621 to $0.7199 on major exchanges. This represents a decline of 3.7% compared to the previous day's valuation, with the current price hovering around $0.6786. Market data indicates a clear loss of a critical support level, raising concerns among investors about the potential for a more significant downturn.
Technical Indicators Signal Strong Selling Pressure
Analysis of the Chaikin Money Flow (CMF) indicator reveals a substantial increase in capital outflow from Pi Network. The CMF value currently sits below zero, indicating that selling pressure overwhelmingly exceeds buying interest. This trend suggests a growing sense of pessimism within the investor community and a weakening confidence in Pi's short-term prospects.
The market is currently in a compression phase regarding price volatility, as shown by momentum indicators. The appearance of specific bearish signals on technical charts suggests that a period of strong movement is imminent. Given the current negative momentum, the likelihood of a further downward price move is high once this phase of increased volatility begins.
Breakdown of the $0.71 Support Level
A crucial development in the last 24 hours has been Pi Network's break below the strong support level of $0.71. The price is now consolidating near the $0.67 mark. This breakdown suggests that the short-term bearish trend is likely to continue.
The nearest support level to watch is now at $0.61. A failure to hold this level could trigger a steeper decline toward the $0.57 region. For any potential recovery to gain traction, PI would need to reclaim the $0.71 level. A decisive break above $0.78 would provide a clearer signal for a trend reversal and could help attract renewed buying interest.
Key Price Levels to Monitor
- **$0.66 (Immediate Support):** A break below this level could accelerate the decline toward $0.57.
- $0.61 - $0.57 (Critical Risk Zone): This area represents a high-risk zone for a deeper correction.
- $0.71 (Lost Support): Reclaiming this level is essential for restoring positive market sentiment.
- $0.727 (Initial Resistance): The first significant hurdle for any recovery attempt.
- $0.86 (Higher Resistance): A break above this level would signal a strong recovery potential.
Exponential Moving Averages Confirm Bearish Trend
The alignment of Exponential Moving Averages (EMAs) continues to provide a clear bearish signal. The short-term EMA remains below the long-term EMA, and the gap between them is widening. This configuration underscores the persistent and strong selling pressure in the market.
A sustained bullish trend would only be confirmed once the short-term EMA begins to flatten out or cross above the long-term EMA. Until this technical development occurs, any short-term price recovery is likely to be met with selling activity and remain fragile. For those looking to understand these market dynamics in real-time, you can track these key technical indicators here.
Frequently Asked Questions
What is the current price of Pi Network?
As of May 31, 2025, the price of Pi Network is trading between $0.6621 and $0.7199, reflecting a 3.7% decline from the previous day. It has lost a key support level, increasing downside risk.
Why is the price of Pi Network falling?
The price is falling due to significant selling pressure, as indicated by technical indicators like the Chaikin Money Flow. A breakdown below the crucial $0.71 support level has further fueled negative sentiment and pessimism among investors.
What is the next important support level for PI?
The next critical support level to watch is $0.61. If the price fails to hold above this level, it could potentially drop further toward $0.57, indicating a deeper market correction.
What needs to happen for Pi Network's price to recover?
For a recovery, PI must first reclaim the $0.71 support level. A stronger bullish signal would be a break above $0.78. A reversal in the bearish EMA alignment would also be needed to confirm a sustained upward trend.
What do the technical indicators suggest for the short term?
Technical analysis suggests continued bearish momentum in the short term. The expanding gap between short and long-term EMAs and the negative CMF reading point to dominant selling pressure, with a high risk of further decline.
Is now a good time to buy Pi Network?
Given the current technical breakdown and strong bearish signals, the market presents a higher risk for buyers. Prudent investors often wait for key resistance levels to be reclaimed and for trend indicators to show signs of reversal before entering a position.