Pi Price Prediction for June 05 2025
The post Pi Price Prediction for June 05 2025 appeared on BitcoinEthereumNews.com.
The Pi Network price today is trading near $0.655, marking a mild gain of 0.09% over the past 24 hours. After a period of tight consolidation, Pi has shown signs of mild bullish pressure, but the broader technical structure suggests this may still be a fragile recovery. The question now is: Why is the Pi Network price going up today and can it sustain momentum above key resistance? What’s Happening with Pi Network’s Price? On the 30-minute chart, the Pi Network price has remained largely range-bound between $0.648 and $0.656 since June 2. Price is currently testing the upper boundary of this zone, coinciding with a minor descending trendline seen in earlier sessions. A clean breakout and sustained close above $0.656 would signal strength toward $0.665 and $0.675. Meanwhile, the Ichimoku Cloud indicates thin resistance directly above the current price, while the conversion and base lines (blue and red) have just crossed bullishly. This could lead to short-term Pi Network price spikes if bulls capitalize on this minor technical shift. However, failure to hold above $0.648 could reintroduce bearish momentum. RSI, MACD, and Chande Momentum Oscillator Show Mixed Bias Momentum indicators are offering conflicting signals. The RSI on the 30-minute timeframe has turned mildly bullish, climbing to 62.20 from sub-50 levels earlier this week. This suggests improving sentiment but not yet a breakout condition. The Stochastic RSI, on the other hand, is firmly in the overbought zone (87.07), which could imply the current Pi Network price action may face near-term exhaustion. However, this should be viewed in context—previous highs were reached even when Stoch RSI remained in overbought territory for extended periods. MACD is still showing a weak crossover, with the MACD line hovering just above the signal line. Both lines are barely above the zero axis, indicating the trend…
Filed under: News - @ June 4, 2025 4:26 pm