Pi (PI) Price Prediction for 2nd June 2025: Can Bears Push Below Key Support Near $0.62?

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?

Pi Network price dynamics (Source: TradingView)

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

Pi Network price dynamics (Source: TradingView)

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?

Pi Network price dynamics (Source: TradingView)

The answer to Why Pi Network price went down today lies in multiple momentum-based indicators. The 30-minute chart shows a steep slide in RSI, which has dropped below 40 and is now near oversold levels. The MACD has formed a bearish crossover, with histogram bars expanding on the downside, reinforcing the weakening momentum.

Pi Network price dynamics (Source: TradingView)

Additionally, the Chande Momentum Oscillator has moved into deep negative territory (-50.56), while Stoch RSI on the lower timeframe is also in oversold territory. These confluences paint a clear short-term bearish bias, though oversold signals suggest caution for late short entries.

Pi Network price dynamics (Source: TradingView)

Ichimoku Cloud analysis adds another bearish confirmation: price is below the Kumo cloud on both the 30-minute and 4-hour charts, and the Tenkan-Sen and Kijun-Sen lines are sloped downward—signaling bearish continuation pressure. As of now, Pi has failed to establish any convincing higher low or bullish divergence.

Short-Term Outlook: Bears Control but Oversold Bounce Likely

Pi Network price dynamics (Source: TradingView)

The next 24–48 hours will be pivotal as Pi Network price action tests the support shelf near $0.62. A clean breakdown with volume may extend the selloff toward $0.598, which aligns with Bollinger lower band and prior May support.

Despite the bearish setup, a relief bounce remains possible due to local oversold signals across intraday charts. However, until price confirms above the $0.67–$0.68 confluence zone, any bounce is likely to be short-lived.

Pi Network Price Forecast Table – June 2, 2025