Technical Analysis PI/USDT – June 5, 2025

The price of Pi Network (PI) is currently around $0.6467, experiencing a slight decrease of -0.17% in the last 24 hours. The price range today is between $0.6428 and $0.6568.

After a tight consolidation period since June 2, the price of PI is showing light bullish pressure. However, the broader technical structure indicates that this recovery is still fragile.

Technical Indicator:
• RSI (30M): Increased to 62.20, indicating improved sentiment but not yet reaching breakout conditions. 

• Stochastic RSI: In the overbought zone (87.07), indicating potential fatigue in the short term. 

• MACD: Indicates a weak crossover with the MACD line slightly above the signal line, signaling a still weak trend.

• Chande Momentum Oscillator: Risen to 70.00, the highest since the end of May, indicating a renewed buying interest but still tentative.

Key Level:
• Support: $0.6482, $0.6350, and $0.6180. If the price fails to hold above $0.648, it is likely to test the next support level. 

• Resistance: $0.6564, $0.6750, and $0.6950. A breakout above $0.675 is needed to confirm a short-term bias change. 

Conclusion:

Although there are signs of buying pressure, PI is still within a consolidation range. A sustained breakout above $0.656 could pave the way to $0.675 and higher. However, failure to hold above $0.648 could lead to a retracement phase.

⸻

💬 What is your next step, trader?
Are you going to #BuyTheDip or wait for a breakout confirmation?

🔁 Share your opinion in the comments section!
📌 Follow this account for daily chart analysis updates

#Join Growth Points Draw & Win iPhone 16 and Merch# #Satoshi Net Worth Tops Bill Gates# #BTC# #PiUSDT#