Pi (PI) Price Prediction for May 30: Breakdown Pressures Intensify as Momentum Fades
Поделиться:
After several days of narrow trading, Pi Network price action has decisively broken below key support structures, adding weight to the recent bearish trend. As of today, Pi Network price today stands at approximately $0.708, down 0.85% in the past 24 hours. This decline comes amid sustained downward pressure from lower highs and tightening resistance, with sellers gaining control of momentum.
What’s Happening with Pi Network’s Price?
On the 4-hour chart, Pi has clearly broken out of its prior ascending wedge structure formed earlier in May. The breakdown accelerated once price lost the $0.72 handle, which was previously a horizontal demand zone and a key retest level. Following this, Pi Network price volatility expanded sharply, pushing the token toward a short-term demand range near $0.70–$0.68.
The bearish pressure is reinforced by the failure to reclaim descending trendline resistance near $0.74. The overall market structure remains bearish below this zone, and without a convincing breakout above $0.7380, upside attempts are likely to be rejected.
Bearish Momentum Evident in RSI, MACD and Chande Indicat…
The post Pi (PI) Price Prediction for May 30: Breakdown Pressures Intensify as Momentum Fades appeared first on Coin Edition.
В этой новости
Монеты
Поделиться:
В этой новости
Монеты
Поделиться:
Читать больше
XRP Price Prediction: XRP Faces Pressure as Futures Activity Rises & Spot Flows Stay Cautious
Bitcoin Price Prediction: BTC Consolidates Near $90,000 as Traders Await Directional Break
Pi (PI) Price Prediction for May 30: Breakdown Pressures Intensify as Momentum Fades
Поделиться:
After several days of narrow trading, Pi Network price action has decisively broken below key support structures, adding weight to the recent bearish trend. As of today, Pi Network price today stands at approximately $0.708, down 0.85% in the past 24 hours. This decline comes amid sustained downward pressure from lower highs and tightening resistance, with sellers gaining control of momentum.
What’s Happening with Pi Network’s Price?
On the 4-hour chart, Pi has clearly broken out of its prior ascending wedge structure formed earlier in May. The breakdown accelerated once price lost the $0.72 handle, which was previously a horizontal demand zone and a key retest level. Following this, Pi Network price volatility expanded sharply, pushing the token toward a short-term demand range near $0.70–$0.68.
The bearish pressure is reinforced by the failure to reclaim descending trendline resistance near $0.74. The overall market structure remains bearish below this zone, and without a convincing breakout above $0.7380, upside attempts are likely to be rejected.
Bearish Momentum Evident in RSI, MACD and Chande Indicat…
The post Pi (PI) Price Prediction for May 30: Breakdown Pressures Intensify as Momentum Fades appeared first on Coin Edition.
В этой новости
Монеты
Поделиться:
В этой новости
Монеты
Поделиться:
Читать больше
XRP Price Prediction: XRP Faces Pressure as Futures Activity Rises & Spot Flows Stay Cautious