The Pi Network has been a topic of growing interest in the cryptocurrency space, especially as its market performance shows increasing volatility. As of May 31, 2025, Pi is trading between $0.6621 and $0.7199, equivalent to approximately 17,230–18,730 VND. At the time of writing, the price stands at $0.6786 (17,650 VND)—a 3.7% drop from the previous day. This decline marks a critical shift in market sentiment, with key technical indicators suggesting further downside risk.
Loss of Key Support Level at $0.71
One of the most significant developments in recent trading sessions is Pi Network’s failure to hold the $0.71 support level. This zone had previously acted as a psychological and technical floor for buyers. Its breach signals weakening bullish momentum and opens the door for deeper corrections.
With this breakdown, traders are now watching two crucial support zones:
- $0.66 – Immediate support; a break below could accelerate selling pressure.
- $0.61–$0.57 – Next major downside target if bearish momentum continues.
On the upside, reclaiming $0.71** would be necessary to restore confidence among investors. A sustained move above **$0.78 could hint at a potential reversal, while a breakout past $0.86 might reignite broader buying interest.
Technical Indicators Signal Bearish Pressure
Multiple technical tools confirm growing bearish dominance in the Pi Network market:
1. Chaikin Money Flow (CMF) Below Zero
The CMF indicator is currently below the zero line, indicating stronger selling pressure than buying activity. This reflects a clear outflow of capital from Pi Network—a worrying sign for short-term investors.
When CMF remains negative over an extended period, it often precedes prolonged downtrends unless strong catalysts emerge to reverse sentiment.
2. Exponential Moving Averages (EMA) Show Downtrend
The short-term EMA is positioned below the long-term EMA, forming a classic "death cross" pattern. Moreover, the gap between these moving averages is widening—another confirmation that downward momentum is intensifying.
Until the short-term EMA flattens or crosses back above the long-term average, any recovery attempts are likely to face strong resistance.
3. Consolidation Phase Hints at Imminent Volatility
Pi Network’s price action has entered a phase of compression, characterized by narrowing price swings. Technical analysis suggests such patterns often precede sharp breakouts—either upward or downward.
However, given the current negative momentum and weakening volume on rallies, the odds favor a downside breakout rather than a bullish surge.
Frequently Asked Questions (FAQ)
Q: Is Pi Network listed on major exchanges like OKX?
A: Yes, Pi Network is available for trading on platforms such as OKX, allowing users to monitor real-time prices and execute trades based on market conditions.
Q: Why did Pi Network lose support at $0.71?
A: The breakdown occurred due to increased selling pressure and declining investor confidence. Negative market sentiment, combined with weak buying volume, made it difficult for bulls to defend the level.
Q: What factors could help Pi Network recover?
A: A recovery would require strong buying interest, positive project developments (such as mainnet progress or new partnerships), and stabilization in broader crypto markets like Bitcoin and Ethereum.
Q: Can Pi Network drop below $0.57?
A: While not guaranteed, a sustained bearish trend without intervention could push prices toward or even below $0.57—especially if macroeconomic conditions worsen or negative news impacts sentiment.
Q: How can I track Pi Network price changes in real time?
A: You can use cryptocurrency tracking platforms and exchange charts (like those on OKX) to monitor live price movements, volume, and technical indicators.
Key Price Levels to Watch
Staying informed about critical price zones helps traders make timely decisions:
- **$0.66** – The nearest support level. Failure to hold may trigger a rapid decline toward $0.57.
- $0.61–$0.57 – A high-risk zone where significant losses could occur if selling pressure persists.
- $0.71 – Former support now acting as resistance. Retesting and reclaiming this level is essential for any bullish revival.
- $0.727 – Initial resistance if recovery begins.
- $0.86 – Stronger resistance level; a breakout here could signal a meaningful trend reversal.
👉 Learn how to identify high-probability turning points in volatile cryptocurrencies like Pi Network.
Market Sentiment Turning Negative
Investor psychology plays a crucial role in short-term price movements. Currently, sentiment around Pi Network is shifting toward pessimism. The dominance of outflows over inflows highlights growing caution within the community.
Moreover, social media discussions and trading forums reflect rising concerns about delayed mainnet launches and limited utility so far—factors that may be contributing to eroding trust.
While Pi Network boasts a large user base from its mining app phase, actual adoption as a functional digital currency remains limited. Without tangible use cases or exchange listings on top-tier platforms beyond OKX, sustaining long-term value becomes increasingly challenging.
What Could Reverse the Trend?
For Pi Network to regain upward momentum, several conditions must align:
- Positive project updates: Progress on mainnet development, wallet integration, or decentralized applications (dApps).
- Increased exchange visibility: Listings on more reputable exchanges would improve liquidity and attract institutional attention.
- Broader market recovery: Since altcoins often follow Bitcoin’s lead, a bullish turn in BTC could lift sentiment across smaller projects.
- Strong community engagement: Organized efforts to promote real-world usage or merchant adoption can rebuild trust.
Until such catalysts emerge, however, the path of least resistance appears downward.
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Final Thoughts
Pi Network’s recent price action reflects growing uncertainty among investors. Having lost its key support at $0.71**, the asset faces heightened risk of further declines toward **$0.57 unless strong buying pressure returns soon.
Technical indicators—including CMF, EMA spreads, and consolidation patterns—all point to bearish dominance in the near term. While rebounds are possible, they should be viewed cautiously until structural improvements appear on both the technical and fundamental fronts.
Traders should closely monitor volume trends, price reactions at key levels, and any official announcements from the Pi Core Team. Staying informed and managing risk carefully will be essential during this volatile phase.
Whether you're holding Pi as a long-term investment or actively trading it, understanding the underlying dynamics—from on-chain flows to market psychology—can make all the difference in navigating uncertain markets.
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