Pi Network (PI) Stuck in Uncertainty: Between Hope and Worry
Pi Network (PI) has shown a 4.7% increase over the past seven days, but still records a 31.5% decline over the last 30 days. Despite some signs of stabilization, selling pressure continues to loom.
Conflicting Technical Indicators
According to information quoted from Beincrypto, the Directional Movement Index (DMI) shows an increase in the Average Directional Index (ADX) to 17.17 from 12.24, indicating the emergence of a strengthening trend.
However, this value remains below the critical threshold of 20, which is commonly used as a marker for the beginning of a strong trend.
Meanwhile, the Chaikin Money Flow (CMF) remains in negative territory, signaling continued selling pressure.
The bearish position of the Exponential Moving Average (EMA) also reinforces the indication that the downward pressure has yet to subside.
- PancakeSwap Sets New Record: Q1 2025 Trading Volume Surpasses $205 Billion
- Russia Launches Official Crypto Exchange: Strategic Move to Face Global Sanctions
- Strategic Collaboration: Trump Media and Crypto.com Design Cronos-Based Crypto ETF
- Strategic Collaboration: Pintu and DANA Unite to Increase Crypto Literacy in Indonesia
- XRP: Challenging Ethereum in Market Cap
Key Resistance and Support Levels
The current PI price is facing resistance at the US$0.789 level. If it fails to break through this level, the selling pressure is expected to persist.
Conversely, if the price successfully breaks through the resistance, there is potential for it to move toward the US$1 level.
With technical indicators giving conflicting signals, Pi Network remains in a state of uncertainty.
Investors are advised to stay vigilant and consider the risks before making investment decisions.
