Pi Coin is starting the new week on a quieter note, following a period of steady selling pressure throughout late May. After dipping toward the $0.60 support zone, the token has managed a mild bounce but continues to face resistance near $0.64. The price action remains cautious, with bulls yet to regain control and volume staying relatively low.
Let’s break down today’s outlook.
What you'll learn 👉
📅 What We Got Right Yesterday
In yesterday’s outlook, we outlined three possible scenarios. The neutral scenario called for a consolidation range between $0.63 and $0.67 if Pi Coin price held above $0.63 but failed to break $0.70. That is exactly how the price is behaving so far, hovering around $0.639 and struggling to push higher.
We also pointed to $0.60 as the key support zone. After testing this level on June 1, Pi Network bounced, confirming it as an active demand area. However, weak follow-through has limited upside momentum.
📊 Pi Coin Daily Overview (June 2)
- Current Price: $0.6393
- 24h Change: -0.98%
- 4H RSI: 45.6
- Volume: Down by 40% from previous sessions
Pi Coin continues to consolidate just above the $0.63 support level. Volume remains low, and the price structure suggests indecision. Immediate resistance is found near $0.6600, with stronger resistance around $0.7000.
🔍 What the Pi Coin Chart Is Showing
The 4H chart confirms that Pi Coin price is still in a bearish structure, defined by lower highs and lower lows. After a brief rally on June 1, the token failed to close above $0.66, indicating sellers are still active. The price remains inside a tight range and is showing early signs of another retest of support.
The support zone at $0.5850 to $0.6050 has held once, but if the price returns to it again without fresh demand, the risk of breakdown increases. So far, there’s no confirmation of a reversal.
📈 Technical Indicators (Hourly Timeframe)
| Indicator | Value | Signal / Interpretation |
| MACD (12,26) | +0.002 | Bullish crossover, weak recovery attempt |
| ADX | 25.56 | Bearish trend strength still present |
| RSI (14) | 45.6 | Neutral zone, leaning slightly oversold |
| CCI (14) | -91.04 | Mild bearish pressure |
| Ultimate Oscillator | 39.64 | Weak buying interest |
| ROC (Rate of Change) | -0.078 | Downward price pressure |
| Bull/Bear Power (13) | -0.0039 | Bears remain slightly dominant |
Summary: Most indicators suggest ongoing bearish to neutral conditions. While the MACD hints at a possible recovery, volume and trend strength do not confirm a bullish shift yet.
🔮 Pi Coin Price Prediction Scenarios
Bullish Scenario: If Pi Coin breaks above $0.66 and reclaims $0.70 with strong volume, the path to $0.75 and possibly $0.85 opens up.
Neutral Scenario: If the token holds above $0.63 but continues to face rejection at $0.66, expect a sideways range between $0.63 and $0.67.
Bearish Scenario: If the Pi Coin price breaks below $0.60, look for downside targets at $0.58 and $0.54.
🧠 Wrapping Up
Pi Coin is yet to show a convincing breakout from its recent downtrend. With volume falling and indicators split between neutrality and bearishness, the market appears to be in wait mode.
Traders should watch the $0.60 support zone closely. A sustained move below could accelerate losses. On the upside, any attempt to reclaim $0.70 must be backed by stronger momentum and volume to hold. For now, price remains range-bound, awaiting the next catalyst.
Read Also: Elite Analyst Warns Bitcoin Price Might Crash – Here’s What the BTC Chart Is Telling Us
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