Technical and Fundamental Analysis of Pi Network based on information available until June 2025, focusing on potential opportunities until the end of the week. Please note that the cryptocurrency market is highly volatile, and any investment decisions should be made cautiously and after consulting a licensed financial advisor.
Technical Analysis of Pi Network until the end of the week (June 2-8, 2025)
1. Current Price Situation
• Current Price: Based on the latest information, Pi Network has seen a decline of 5.72% on May 30, 2025, stabilizing the price at around $0.6801 according to CoinMarketCap data. However, posts on platform X suggest that the price could be above $1 with a market cap reaching $11 billion on June 2, 2025, but this information is not officially confirmed.
• Trading Volume: Trading volume recently increased to about $302.5 million in 24 hours, reflecting growing market activity.
• Market Value: Ranges between $7.92 billion (March 2025) and $19 billion (after the mainnet launch in 2025).
2. Technical Indicators
• Bullish Engulfing Pattern: In March 2025, weekly charts showed a bullish pattern, indicating potential buying momentum. This pattern may continue if the price maintains key support levels.
• Relative Strength Index (RSI): According to previous analysis, the RSI indicates moderate buying momentum at 63.71, suggesting that the coin is not in overbought or oversold territory, supporting the likelihood of continued upward trends if no significant selling pressure appears.
• Moving Averages (MA): The relationship between short-term (50-day) and long-term (200-day) moving averages indicates a neutral trend currently. If the short-term moving average crosses above the long-term one, it may signal the start of a bullish trend.
• Support and Resistance Levels:
◦ Support: $0.63 (lowest level over the past seven days) and $1.15 (stability level in March 2025).
◦ Resistance: $0.91 (highest daily level on May 21, 2025) and $1.20 (mid-term forecast).
• Trading Volume: An increase in trading volume indicates growing interest from retail and institutional investors, which could support bullish movements if momentum continues.
3. Short-Term Forecast (Until the End of the Week)
• Bullish Scenario:
◦ If the coin maintains support at $0.63-$0.68, it may see a rebound to $0.91 or even $1.20 by the end of the week, especially if trading momentum continues and negative news is avoided.
◦ A post on X suggests that the coin may be in a selling saturation area, enhancing the likelihood of a bullish reversal if support is confirmed.
◦ Supporting Factors: Increased adoption, network updates, and community optimism after the mainnet launch in 2025.
• Bearish Scenario:
◦ If the price breaks the support level at $0.63, it may retreat to $0.50 or lower, especially with negative news like a large token opening, as mentioned in a post on X.
◦ Selling pressure from 'whales' or large holders could lead to bearish fluctuations.
• Forecast: The price is likely to range between $0.68 and $0.91 by the end of the week, with a possibility of testing the $1 level if positive momentum continues. However, trading volume and any news related to token openings or network updates should be monitored.
Fundamental Analysis
• Mainnet Launch: The mainnet launch in early 2025 boosted investor confidence, contributing to price stability above $1 during some periods.
• Supply and Demand: Demand for Pi Network depends on increased adoption and user activity. However, opening large amounts of tokens may lead to selling pressure, as mentioned in an X post.
• Whale Activity: Large holders may significantly impact the price, whether by selling or buying, requiring monitoring of on-chain activity.
• Market Volatility: The cryptocurrency market generally experiences volatility, with bullish expectations for Bitcoin ($220,000 in 2025) potentially supporting altcoins like Pi Network.
General Recommendations (Non-Investment)
1 Monitor Support and Resistance Levels:
◦ Monitor the support level at $0.63 and the resistance level at $0.91. Breaking the resistance may indicate strong bullish momentum.
◦ If you are considering trading, use stop-loss orders below $0.63 to minimize risks.
2 News Monitoring: Any updates regarding token openings or network improvements could significantly impact the price. Check reliable sources like CoinMarketCap or CoinGecko.
3 Risk Management: Given the volatility of cryptocurrencies, do not invest more than you can afford to lose. Use capital management strategies carefully.
4 General Market Analysis: Monitor the performance of other cryptocurrencies like Bitcoin, as their movements can impact altcoins like Pi Network.
Important Notes
• Risks: All investments in cryptocurrencies carry significant risks due to high volatility. Do not rely solely on technical analysis; conduct comprehensive fundamental analysis.
• No Financial Advice: This analysis is for educational purposes only and does not constitute a buy or sell recommendation. Consult a licensed financial advisor before making any decisions.
• Unconfirmed Sources: Some information from platform X (like the price above $1) is not officially confirmed, so check trustworthy platforms like CoinMarketCap or Gate.io.
