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?
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 Deep…
The post Pi (PI) Price Prediction for 2nd June 2025: Can Bears Push Below Key Support Near $0.62? appeared first on Coin Edition.
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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?
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 Deep…
The post Pi (PI) Price Prediction for 2nd June 2025: Can Bears Push Below Key Support Near $0.62? appeared first on Coin Edition.
Read More
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