Pi Network has decreased more than 19 % in the past seven days, and continued to correct it with trading below $ 2 since March 1. The pressure pressure remains dominant, with indicators like DMI and CMF, indicating more negative risks.
PI also indicate the potential death cross, which may lead to a deeper decrease of about $ 0.95 if broken the main support levels. However, if the momentum enters and the buyers enter, the PI can try to restore two dollars and possibly pay towards the highest new levels ever above $ 3.
The PI DMI network shows that the sellers are still controlling, despite the purchase pressure yesterday
The PI (DMI) movement indicates that the average trend index (ADX) rose to 34.29, up from 8.97 only two days ago.
This sharp increase indicates that the current price trend – whether bullish or down – is gaining strength. Looking at the last fluctuations, traders closely monitor whether PI will keep its momentum or see another shift in the direction.
ADX measures the strength of the direction on a scale from 0 to 100, with values above 25 indicates a strong direction and above 50 indicating a very strong direction.
Meanwhile, PI’s +DI (positive directional indicator) is at 11.37, a decrease from 17.7 two days ago but recovers from 7.14 yesterday. These signals are weak, but they improve some bullish attempts.
At the same time, the -di (the negative trend index) is 30.57, an altitude of 19.5 two days ago, but it is less after reaching 46.6 yesterday.
This indicates that while selling dominant pressure remains, the bears may lose some momentum, leaving room for potential installation or short -term bounce.
PI CMF reaches its lowest level ever
Pi Network Chaikin Money Flow (CMF) is currently at -0.19, as it decreased from 0.03 just one day ago. This sharp decrease indicates a significant shift in the flow of capital, indicating that the pressure pressure has increased quickly.
A few hours ago, CMF reached the PI to -0.21, which represents its lowest level ever. This highlights the severity of modern external flows.
CMF is an indicator that measures the flow of money distributed to the size inside and outside the original, ranges from -1 to 1. positive values indicate the purchase of pressure, while negative values indicate an increase in the pressure pressure.
With CMF from PI now at -0.19, near its lowest level ever, it indicates that the sellers control, which moves the price less. Unless the purchase activity is returned, the PI can remain under pressure, struggling to restore the bullish momentum.
Will the PI decrease to less than one dollar in March?
The price of the PI network is currently trading between major resistance at $ 1.51 and support level at $ 1.23, with EMA lines indicating a declining direction. The potential death cross may be formed soon, which may accelerate the sale of pressure.
In the event of this declining intersection and the PI lost 1.23 dollars, it may decrease more, and it may reach $ 0.95.
However, if the PI is able to restore the upward trend, it may first test the resistance at $ 1.51, with the door opening to move about $ 2.
It can push the strongest PI gathering over $ 3 for the first time, making new new levels ever, despite the recent criticism of the BYBIT CEO.
Disintegration
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