Pi Network Price Today May 31, 2025: Pi Network Price is Losing Support, Risk of Deep Drop
Pi Network price today 5/31/2025 decreased 3.7% compared to yesterday, currently at 0.6786 USD. Pi Network price is losing support, risk of deep decline
Pi Network Price Today May 31, 2025
Pi price on OKX exchange on May 31, 2025 is fluctuating around the price from 0.6621 USD to 0.7199 USD (equivalent to 17,230 VND to 18,730 VND). Thus, at the time of writing, Pi price on OKX exchange decreased by 3.7% compared to yesterday, reaching 17,650 VND
According to the Chaikin Money Flow (CMF) indicator, Pi Network is recording increasing outflows, indicating that sell-offs are taking over. The CMF is currently below zero, reflecting stronger selling pressure than buying pressure. If this continues, it could be a sign of a significant decline in investor confidence.
The outflows dominating the inflows indicate that many investors are becoming hesitant and concerned about the short-term prospects of Pi Network. This cautious sentiment could lead to further selling activity and create downward pressure on prices.
Pi Network is currently in a “compression” phase according to the momentum indicator. The black dots on the technical chart indicate low volatility, which is often a precursor to a strong move. However, with the momentum currently tilted to the negative side, it is likely that the price will drop sharply when the market moves into the next phase of volatility.
Pi Network price is losing support, risk of deep decline
Pi Network is currently at $0.67, after losing the important support zone of $0.71 in the past 24 hours. The break of this level suggests that the downtrend may continue in the short term as bearish sentiment remains dominant.
The nearest support level is currently at $0.61. Failure to hold this level could see the price fall further towards $0.57 – causing further losses for investors and extending the downward trend.
Conversely, if Pi Network reclaims the $0.71 area and holds above it, a recovery could be on the cards. A bounce back above $0.78 would be a positive signal, reversing the downtrend and attracting buying interest again.
However, the exponential moving averages (EMAs) are still showing a clear bearish bias, with the short-term EMAs falling below the long-term EMAs. The gap between these lines is widening, indicating that the bearish momentum is still very strong.
The next support level to watch is $0.66. If the price continues to decline below this level, the next target would be the $0.57 area. In case of a reversal, the first important resistance level is $0.727, above which the price could head towards $0.86.
However, the uptrend will only become clearer when the short-term EMAs start to flatten or cross above the long-term EMAs. Before that, any recovery attempt remains vulnerable to selling pressure.
