Pi Network (PI) Displays Contradictory Signals as Bearish Trend Intensifies

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-01 10:56:13

[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News -

Pi Network (PI) is showing mixed technical signals amidst a pronounced downtrend. The Chaikin Money Flow (CMF) has turned positive for the first time in weeks, hinting at possible accumulation by early investors. However, the cryptocurrency remains under significant selling pressure, with its Average Directional Index (ADX) skyrocketing to 56.72 from 10.48 in just three days—a level above 50 indicates an extremely strong trend.

Analysts emphasize that PI must hold the $0.547 support level to avoid further declines. The short-term exponential moving averages remain below their long-term counterparts, reinforcing the bearish outlook. Traders are closely monitoring whether the CMF’s bullish divergence can counter the prevailing downtrend reflected in the Directional Movement Index.

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