Overview

Over the past week, Pi Network’s native token, PI, has dropped by 22%, sliding to a weekly low of $0.61. This sharp downturn aligns with growing negative sentiment across the broader crypto market.

Technical indicators are flashing red as sell pressure intensifies. The BBTrend indicator remains in negative territory at -4.52, reinforcing the notion that sellers are dominating and prices are hovering near the lower Bollinger Band.

Adding to the bearish outlook, the Smart Money Index (SMI) is trending downward. This suggests that institutional investors are pulling out, increasing the likelihood of PI breaching its key support at $0.55.

PI’s Bearish Momentum Accelerates

PI’s price downturn reflects mounting pessimism, with the token extending its decline to a seven-day low of $0.61. The overall crypto market has also contracted by more than 5% in the past week, erasing over $170 billion in value and shaking investor confidence.

The sustained selling is clearly reflected in PI’s BBTrend, which continues to post negative readings. As of now, it stands at -4.52, a figure that signifies consistent bearish pressure.

The BBTrend tool assesses price trends based on Bollinger Band behavior. Positive values indicate bullish strength, while negative ones like those seen with PI point to prolonged downward momentum and suggest that price action is sticking close to the lower band.

Institutional Investors Step Back

PI’s Smart Money Index has also taken a hit recently. The drop indicates that larger, more sophisticated investors are scaling back their exposure to the token. Typically, such movements are seen as a warning sign of potential deeper price corrections.

The SMI gauges institutional interest by analyzing activity during the market’s opening and closing periods. A rising SMI shows growing institutional buying, often signaling future gains. In contrast, a falling SMI, as seen with PI, reflects weakening demand and the possibility of further downside.

Can $0.55 Support Hold?

With bearish momentum building, PI may soon test its crucial $0.55 support level. A failure to hold this line could result in a descent toward the all-time low of $0.40.

That said, renewed buying interest or a shift in market sentiment could help the token stabilize and potentially spark a rebound. Whether bulls can step in remains to be seen.

Pi Network (PI) Price Analysis: June 1, 2025

Recent Performance

Pi Network’s native token, PI, has experienced a significant decline, dropping 22% over the past week to a 7-day low of $0.61. This downturn aligns with a broader bearish trend in the cryptocurrency market.

Technical Indicators

• BBTrend Indicator: The BBTrend remains negative at -4.52, indicating sustained selling pressure near the lower Bollinger Band.
• Smart Money Index (SMI): A declining SMI suggests that institutional investors are reducing their positions in PI, raising concerns about potential further price declines below the $0.55 support level.

Latest Developments

• FruityPi Game Launch: Pi Network has introduced a new gaming application, FruityPi, aiming to enhance user engagement and demonstrate the practical utility of the PI token within its ecosystem. Cryptodnes.bg+2Binance+2Coinpedia Fintech News+2
• Mainnet Migration Phase 2: Users have reported the initiation of the second phase of Pi Network’s mainnet migration, indicating progress in the project’s development. The Crypto Times+1Binance+1
• Token Withdrawals: Over 102 million PI tokens have been withdrawn from OKX in the past three days, sparking discussions about the token’s liquidity and market dynamics. Binance+1Binance+1
• Potential Binance Listing: Speculation is growing regarding PI’s potential listing on Binance, following its availability on exchanges like OKX, Bitget, MEXC, and Kraken Pro. Binance

Outlook

PI is currently trading within a narrow range between $0.688 and $0.816, reflecting market uncertainty and a lack of bullish momentum. Technical analysis suggests that if the token fails to maintain support at $0.6280, it could face a further decline toward $0.40. Brave New Coin+1Binance+1FX Leaders.