Here is a detailed report on trading the Pi Network currency (ticker: PI) for the current weekend (June 5–7, 2025), based on the latest data and technical analyses:
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📊 Price Overview
• Current price: Approximately $0.6489.
• Recent trading range: Between $0.6405 and **$0.6560**.
• Immediate resistance: $0.6560 (Fibonacci level 23.6%).
• Nearby support: $0.6405 – $0.6422.
• Relative Strength Index (RSI): 53.15 (indicating neutral momentum).
• Stochastic RSI: 82.02 (indicating overbought conditions in the short term).  
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📈 Technical Analysis
• Overall trend: Price movement shows a symmetrical triangle pattern, indicating a potential breakout soon.
• Moving Averages: The price is trading below the 10, 20, 50, and 100-day moving averages, indicating a bearish trend.
• MACD Indicator: Shows a sideways crossover, indicating market indecision.
• Ichimoku Cloud: The price is inside the cloud on the 30-minute timeframe, with support at $0.6495.  
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🔮 Short-term forecasts (up to June 9, 2025)
• Bullish scenario: If the price surpasses the resistance level at $0.6560 and closes above it, it may target levels of $0.665 and $0.675.
• Bearish scenario: If the price drops below $0.6405, it may head toward the next support at $0.60 or even $0.50.  
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📉 Negative Influencing Factors
• Launch of new tokens: 276 million PI are expected to be launched in June 2025, which may increase selling pressure if not met with an increase in demand.
• Decrease in liquidity: The current trading volume is low, increasing price volatility.
• Delay in mainnet launch: Continuous delays in the mainnet launch negatively impact investor confidence. 
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💡 Trading Recommendations
• For short-term traders:
• Monitor the level of $0.6560; breaking it may indicate a short-term buying opportunity.
• If the price drops below $0.6405, there may be a selling opportunity targeting lower levels.
• For medium to long-term investors:
• Forecasts suggest the price could reach $0.826 by 2030.
• Some optimistic forecasts suggest that the price could reach $1,000 by 2030, but this depends on widespread adoption of the currency. 
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⚠️ Warnings
• High volatility: The market is experiencing significant fluctuations; careful risk management is advised.
• Impact of external factors: General market news and other cryptocurrencies may affect price movement.
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