Pi Coin Daily Price Analysis And Market Trends Report

The Pi Network price has continued its downward slide, reflecting growing bearish sentiment in the market. Over the last 24 hours, the price dropped by 5.86%, deepening the pain for holders. On the weekly chart, Pi has declined by a sharp 19.27%, showing strong selling pressure. This consistent downtrend indicates that sellers remain in control, while buyers struggle to find solid ground for a reversal. The market has been reacting to technical indicators like RSI and MACD, with oversold signals failing to spark meaningful recoveries. Traders are now closely watching support and resistance zones for the next possible move.

Sellers Take Control on May 29 as Pi Network Battles Oversold Signals

On May 29, Pi Network opened with a slight upward move as bulls attempted to reclaim control. The RSI indicator reached 73.99 at 00:45 UTC, flashing an overbought warning. This invited sellers to the table, and the price faced resistance near $0.7399. As shown in the PI/USDT 5-Min Chart-1, bears wasted no time. A death cross appeared on the MACD at 01:15 UTC, shifting momentum downward. Another MACD death cross followed at 03:00 UTC, giving sellers more power to push prices lower. The downward trend deepened as the RSI dropped below 30 at both 04:20 and 04:40 UTC, signaling oversold territory. 

PI/USDT 5-Min Chart- 1, analyzed by ShwetaCW, published on TradingView, May 30, 2025

These levels often attract buyers, but the bulls were cautious, and the trend continued. At 07:45 UTC, the RSI hit another oversold reading, reflecting selling pressure that wouldn’t let up. A further dip on the RSI at 10:10 UTC brought the price down to its support at $0.7014, where buyers finally stepped in. Despite the heavy bearish presence, a golden cross on the MACD at 16:45 UTC hinted at a possible reversal. The market showed signs of stabilizing as the price moved slightly upward, crossing into May 30.

Pi Network Price Dips on May 30 Despite Bullish Signals

On May 30, Pi Network’s price initially continued the previous day’s bullish momentum, supported by a golden cross. The upward move, however, lost steam early in the day. At 00:45 UTC, a death cross appeared on the MACD, reversing the trend. Sellers took over, and from 07:00 to 10:30 UTC, the RSI consistently stayed below 30, confirming an oversold condition. A sharp spike downward confirmed a breakdown as the price entered a new trading range.

PI/USDT 5-Min Chart- 2, analyzed by ShwetaCW, published on TradingView, May 30, 2025

Though a golden cross flashed on the MACD at 02:10 UTC, it failed to sustain upward pressure. Bears remained dominant, with fresh oversold signals at 04:45 and 06:45 UTC dragging the price lower. Buyers finally found a foothold at $0.6621, where the price found support. A golden cross on the MACD at 07:20 UTC pointed to a possible recovery. As of now, Pi Network is trading near $0.66, with bulls trying to regain control.

Pi Network Price Outlook

According to the latest 24-hour Pi Network price analysis, bulls are currently attempting to regain control. If this upward momentum holds, the price could break the current resistance level at $0.73. A successful breakout above this level might push the price toward $0.75 and beyond, inviting more buyers into the market. Alternatively, if the trend reverses and bears return with volume, Pi Network could fall through the immediate support level of $0.66. A drop below this zone could pull the price further down toward $0.65 and possibly lower, signaling caution for bullish traders. Traders are closely watching these levels as they will determine whether the coin maintains its upward momentum or experiences further retracement. The next movements will largely depend on how Pi reacts to these critical price zones in the coming sessions.