Pi (PI) Price Prediction for May 30: Breakdown Pressures Intensify as Momentum Fades

After several days of narrow trading, Pi Network price action has decisively broken below key support structures, adding weight to the recent bearish trend. As of today, Pi Network price today stands at approximately $0.708, down 0.85% in the past 24 hours. This decline comes amid sustained downward pressure from lower highs and tightening resistance, with sellers gaining control of momentum.

What’s Happening with Pi Network’s Price?

On the 4-hour chart, Pi has clearly broken out of its prior ascending wedge structure formed earlier in May. The breakdown accelerated once price lost the $0.72 handle, which was previously a horizontal demand zone and a key retest level. Following this, Pi Network price volatility expanded sharply, pushing the token toward a short-term demand range near $0.70–$0.68.

The bearish pressure is reinforced by the failure to reclaim descending trendline resistance near $0.74. The overall market structure remains bearish below this zone, and without a convincing breakout above $0.7380, upside attempts are likely to be rejected.

Bearish Momentum Evident in RSI, MACD and Chande Indicators

Technical oscillators are clearly favoring a bearish outlook. The 30-minute RSI has dropped to 31.96 with no bullish divergence, reflecting intense selling momentum. The MACD histogram shows continued red bars, while the MACD and signal lines remain negatively aligned.

Similarly, the Chande Momentum Oscillator has plunged to -56.89, further confirming negative bias across short timeframes.

Until we see a bullish crossover in MACD and a recovery of RSI above 50, downside pressure is expected to remain intact.

Ichimoku and Bollinger Bands Confirm Bear Trend

On the 30-minute Ichimoku Cloud, Pi Network price is trading well below the cloud, with the baseline (Kijun) acting as firm resistance around $0.7212. The future cloud is bearish and descending, which reduces the probability of a sustained bounce unless there is an abrupt shift in volume or sentiment.

Bollinger Bands on the 4-hour chart have widened following the drop, and price continues to hug the lower band, a sign that bearish continuation is still in play. Unless there is a clear mean reversion back toward the midline near $0.74, price could extend further downward into the next support zone.

Key Zones to Watch in the Pi Network Price Update

From a structural perspective, support is forming around $0.68–$0.66, which also aligns with historical consolidation zones from mid-May. A breakdown below $0.66 could open the door for a deeper move toward $0.62 and $0.59, levels that previously marked strong buying interest.

On the flip side, any bullish reversal would need to clear the $0.7380 resistance to invalidate this bearish sequence. In that case, bulls might attempt to target $0.76 or the 0.786 Fibonacci level at $0.7586.

Why Pi Network Price Going Down Today

The current downtrend is largely driven by weakening momentum, declining on-chain engagement, and a broader risk-off sentiment among altcoins. The sustained rejection from EMA clusters and trendline resistances confirms a lack of bullish conviction. Traders are waiting for a breakout signal above $0.7380 to consider fresh long setups. Until then, caution prevails.

Technical Forecast Table (May 30)

Pi Network price remains under short-term bearish pressure, with momentum and structure both pointing toward further downside unless critical resistance zones are reclaimed. While the RSI and Stoch RSI suggest a potential technical bounce, Pi Network price action must recover key levels and sustain volume to reverse the current trend.

Until then, expect heightened Pi Network price volatility near $0.70 as the market seeks direction. Traders should stay alert for any change in momentum signals or breakout attempts above resistance.