Pi Network (PI) Price Predictions for This Week (June 4)

PI crashed 10% this week. Will the key support hold?

PI Network (PI) Price Predictions: Analysis Key support levels: $0.13, $0.10 Key resistance levels: $0.16, $0.20

Market Crash Sends PI to Key Support This week, PI set a new record low after crashing by 10%. The move has driven the price to the $0.13 key support level. Buyers have stepped in here, but the outlook remains bearish as selling volume has increased over the past few days. Because the price printed a lower low, the downtrend is still intact and may continue to make new lows. For that to be confirmed, the current support at $0.13 would need to flip into resistance. Source: TradingView

Sellers Dominate On the 3-day timeframe, sellers have been in control for 8 consecutive candles, pushing the price 30% lower. This aggressive selloff began as soon as the $0.16 support failed to contain them. Should $0.13 also turn into resistance down the road, a similar pattern could play out, with the downtrend accelerating and tagging fresh lows. If so, the next key target would be $0.10. Source: TradingView

Daily RSI is Oversold This most recent price drop has pushed the daily RSI into oversold territory, sitting under 30 points. At the time of this post, the RSI is hovering around 25 with no signs of a reversal, and lower levels look likely. That said, it also suggests sellers are getting a little greedy here, making a bounce or relief rally more probable in the future. Best to keep an eye on the price action at $0.13 — if it holds as support, buyers might finally have an opening to return. Source: TradingView