Pi Network (PI) is down more than 19% in the last seven days, continuing its correction while trading below $2 since March 1. Selling pressure remains dominant, with indicators like the DMI and CMF signaling further downside risks.
PI’s EMA lines also suggest a potential death cross, which could lead to a deeper decline toward $0.95 if key support levels break. However, if momentum shifts and buyers step in, PI could attempt to reclaim $2 and possibly push toward new all-time highs above $3.
Pi Network DMI Shows Sellers Are Still In Control, Despite The Buying Pressure Yesterday
PI Directional Movement Index (DMI) shows that its Average Directional Index (ADX) has surged to 34.29, up from just 8.97 two days ago.
This sharp increase indicates that the current price trend – whether bullish or bearish – is gaining strength. Given the recent volatility, traders are closely watching whether PI will sustain its momentum or see another shift in trend direction.
ADX measures the strength of a trend on a scale from 0 to 100, with values above 25 indicating a strong trend and above 50 suggesting an extremely strong trend.
Meanwhile, PI’s +DI (positive directional index) is at 11.37, down from 17.7 two days ago but recovering from 7.14 yesterday. This signals weak but slightly improving bullish attempts.
At the same time, -DI (negative directional index) is at 30.57, up from 19.5 two days ago but lower after reaching 46.6 yesterday.
This suggests that while selling pressure remains dominant, bears may be losing some momentum, leaving room for potential stabilization or a short-term bounce.
PI CMF Is Reaching All-Time Lows
Pi Network Chaikin Money Flow (CMF) is currently at -0.19, dropping from 0.03 just a day ago. This sharp decline indicates a significant shift in capital flow, suggesting that selling pressure has increased quickly.
A few hours ago, PI’s CMF reached -0.21, marking its lowest level ever. This highlights the intensity of the recent outflows.
CMF is an indicator that measures the volume-weighted flow of money in and out of an asset, ranging from -1 to 1. Positive values indicate buying pressure, while negative values suggest increasing selling pressure.
With PI’s CMF now at -0.19, close to its all-time low, it signals that sellers are in control, potentially driving the price lower. Unless buying activity returns, PI could remain under pressure, struggling to regain bullish momentum.
Will Pi Network Fall Below $1 In March?
Pi Network price is currently trading between a key resistance at $1.51 and a support level at $1.23, with its EMA lines signaling a bearish trend. A potential death cross may form soon, which could accelerate selling pressure.
If this bearish crossover happens and PI loses the $1.23 support, it could drop further, potentially reaching as low as $0.95.
However, if PI manages to regain an uptrend, it could first test resistance at $1.51, with a breakout opening the door for a move toward $2.
A stronger rally could push PI above $3 for the first time, making new all-time highs, despite recent criticism from the Bybit CEO.
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