Pi Network is facing one of its most challenging market phases in 2025, as price momentum turns sharply bearish despite renewed speculation about a potential Binance listing. On May 29, rumors spread across crypto communities suggesting that Pi Network might soon be listed on Binance, sparking short-lived optimism. However, these hopes quickly faded as technical indicators painted a grim picture of weakening momentum, capital outflows, and a confirmed bearish breakdown pattern.
Despite meaningful progress in decentralization—such as shutting down central nodes and preparing for open-source code release—the market response has been overwhelmingly negative. With over 102 million users actively participating in mining and ecosystem development, Pi Network remains one of the most widely adopted blockchain projects by user count. Yet, its trading performance tells a different story.
Currently available on major exchanges like OKX, Bitget, MEXC, and Kraken Pro (which even supports futures trading), Pi Network has yet to secure a listing on Binance. While ecosystem upgrades in KYC verification, wallet migration, and payment infrastructure have improved user trust and functionality, they haven’t translated into sustained buying pressure.
Bearish Pennant Breakdown Signals 40% Price Drop
On May 30, 2025, technical analysis of the Pi Network/Tether (PI/USDT) pair on OKX revealed a bearish pennant breakdown on the 4-hour chart—a pattern often associated with strong downward continuation.
The formation began with a sharp decline from the $1.70 level on May 13, creating what traders refer to as the "pole" of the pennant. Over the next ten days, price consolidated within narrowing trendlines between $0.70 and $0.90, accompanied by declining volume—classic signs of market indecision preceding a breakout.
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That indecision ended on May 30 when PI/USDT broke below the lower support boundary near $0.70. The current price sits at **$0.6729, marking a 14% drop from the start of the consolidation phase. More concerningly, if the full pattern plays out, the projected downside target is approximately $0.4025, representing a nearly 40% decline** from the breakdown point.
This projection is derived by measuring the height of the initial pole ($1.70 to $0.70 = $1.00) and subtracting it from the breakout level ($0.70 - $1.00 = $0.40). Such targets are not guarantees but serve as useful benchmarks for risk assessment.
The 50-period Exponential Moving Average (EMA), now at $0.7520**, acts as dynamic resistance above the current price. Until Pi Network can reclaim the **$0.70–$0.75 range and close above the EMA, bearish dominance is likely to persist.
Volume analysis adds further weight to this outlook: trading activity remained subdued during consolidation but spiked slightly on the breakdown candle, indicating renewed seller interest and diminishing buyer conviction.
RSI Falls Below Neutral Zone, Confirming Weak Momentum
The Relative Strength Index (RSI) for PI/USDT on the 4-hour timeframe stood at 38.34 on May 30—well below the neutral 50 threshold and signaling growing bearish momentum.
The RSI measures the speed and magnitude of price changes, with readings under 30 typically indicating oversold conditions and those above 70 suggesting overbought levels. A reading near 38 suggests that while Pi Network isn’t yet oversold, selling pressure is intensifying.
Over the past two days, the RSI has dropped sharply, aligning with the price breakdown from the pennant structure. More tellingly, it has crossed below its own moving average (currently at 53.22), forming a bearish crossover often interpreted as confirmation of trend continuation.
Throughout May, bullish rallies failed to push RSI above 60 for sustained periods. Each rally was met with stronger selling pressure, resulting in lower RSI peaks—a classic sign of fading buyer strength.
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If the RSI falls below 30, it may signal an oversold bounce—but only if accompanied by volume-supported reversal patterns. Until then, traders should expect continued downside pressure.
DMI Confirms Strengthening Downtrend
Further validation comes from the Directional Movement Index (DMI), which shows a decisive shift in market control toward sellers.
On May 30, the Average Directional Index (ADX)—a measure of trend strength—surged from 11.46 to 21.03 within 24 hours. Crossing above 20 indicates that a clear trend is forming; in this context, a strengthening downtrend.
Simultaneously:
- The Positive Directional Indicator (+DI) fell from 20.93 to 13.21
- The Negative Directional Indicator (−DI) rose from 23.48 to 31.92
This widening gap confirms that downward momentum is accelerating. When −DI exceeds +DI and ADX rises concurrently, it’s widely regarded as a high-confidence signal of an emerging bearish trend.
Traders watching this setup should monitor whether −DI continues to climb and whether ADX moves above 25—a level that often signifies a strong, persistent trend.
CMF Hits -0.20: Strong Capital Outflow Detected
Perhaps the most alarming signal comes from the Chaikin Money Flow (CMF) indicator, which plunged to -0.20 on May 30—the deepest negative reading since mid-May.
CMF tracks money flow into and out of an asset using price and volume data over a set period (typically 21 periods). Values above zero reflect net buying; below zero reflect net selling. A reading beyond ±0.10 is considered significant.
Just three days prior, CMF was positive at +0.08. It then turned negative at -0.08, and now stands at -0.20, confirming a rapid shift from accumulation to distribution.
This sharp outflow coincides with falling prices and reinforces bearish sentiment across multiple timeframes. Without evidence of institutional or retail buying stepping in, there’s little to suggest an immediate reversal.
Core Keywords:
- Pi Network price prediction
- PI/USDT technical analysis
- Bearish pennant breakdown
- RSI momentum indicator
- DMI trend strength
- Chaikin Money Flow
- Cryptocurrency sell-off
- Exchange listing speculation
Frequently Asked Questions (FAQ)
Q: Why is Pi Network dropping despite Binance listing rumors?
A: Market rumors often create short-term volatility, but sustained price movements depend on real trading dynamics. In this case, technical indicators show strong selling pressure, weak momentum, and capital outflows—factors that outweigh unconfirmed listing speculation.
Q: Can Pi Network recover from this downturn?
A: Recovery is possible if buying pressure returns and key resistance levels like $0.75 are reclaimed. However, until momentum indicators stabilize and CMF turns positive, any rebound may be short-lived.
Q: What does a 40% drop mean for Pi holders?
A: A drop to $0.40 would erase most gains from early May’s rally. Long-term holders should assess their risk tolerance and consider whether recent ecosystem improvements justify holding through volatility.
Q: Is Pi Network still decentralized?
A: The project is moving toward full decentralization by retiring central nodes and planning an open-source code release—key steps toward community governance.
Q: Where can I trade Pi Network safely?
A: Pi is listed on reputable platforms including OKX, Bitget, MEXC, and Kraken Pro, which offer spot and futures trading with strong security protocols.
Q: How reliable are technical patterns like bearish pennants?
A: While no pattern guarantees future movement, bearish pennants have high predictive value when confirmed by volume and aligned with other indicators like RSI and CMF.
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