On Might 29, 2025, the 4-hour chart of Pi Community (PI/USDT) on OKX created a bearish pennant sample.
A bearish pennant sample kinds after a pointy price drop, adopted by quick consolidation inside converging trendlines, and sometimes indicators additional draw back motion.
The token is already down 7% from the present price of $0.7034. If the sample confirms, the price can drop 91% from the present degree to round $0.0616.
This setup began with a steep fall from above $1.60 between Might 14 and Might 17, forming the flagpole. Then, the price moved inside a narrowing triangle with declining quantity, shaping the pennant.
Presently, the price trades beneath the 50-period Exponential Shifting Common (EMA), which stands at $0.7596. This transferring common provides extra weight to current costs and acts as dynamic resistance. The amount on the chart reveals decrease exercise throughout consolidation, which is widespread earlier than a breakout.
If the price breaks beneath the decrease purple trendline with elevated quantity, that might verify the bearish pennant. This transfer would probably open the best way for additional decline towards the projected goal.
RSI Drops Close to Oversold Zone as Promoting Stress Builds
On Might 29, 2025, the 14-period Relative Power Index (RSI) for Pi Community reached 30.24, with its transferring common at 36.97. The RSI measures market momentum and reveals whether or not a token is overbought or oversold. When the worth approaches 30, it indicators potential oversold situations and rising draw back strain.
The RSI has moved constantly decrease since Might 13 and now sits beneath its personal common. This confirms that sellers proceed to dominate. Each try and push the RSI above 50 failed within the final two weeks, displaying that consumers couldn’t regain management.
The RSI pattern helps the sooner bearish pennant sample seen on the price chart. Collectively, these indicators recommend rising weak point in market momentum and the opportunity of additional declines.
Gate.io Leads Pi Community Web Inflows as CEX Wallets Add Over 2.6M Tokens
In the meantime, on Might 29, 2025, centralized change (CEX) wallets held a complete of 320.3 million Pi tokens throughout six tracked platforms. Gate.io confirmed the strongest influx, receiving over 2 million Pi whereas recording solely 343,016 tokens in outflows. This gave it the best web achieve of the day—greater than 1.75 million Pi tokens.
Different main exchanges additionally noticed constructive flows.MEXC added 535,057 Pi to its holdings, Bitget gained 348,064, and OKX recorded a web influx of 83,761 tokens. Pionex had blended outcomes—its essential pockets noticed a web achieve of two,153 Pi, whereas one other pockets registered an outflow of 81,864 tokens.
Altogether, the mixed web influx reached 2.64 million Pi in 24 hours. Whole inflows stood at 8.82 million Pi, whereas outflows had been 6.18 million. The general USD stability of those wallets reached $225.36 million, with Gate.io holding the best at $104.8 million.
This exercise displays regular accumulation throughout main exchanges in the course of the ongoing price consolidation.