After reaching a peak of $2.99 on 27/02/2025, the Pi Network has declined by nearly 40% in the past two weeks. Technical indicators show that the momentum of PI is stabilizing.
The DMI shows that buying pressure has increased significantly in the past two days, but the ADX has declined, signaling that the strength of the trend may be weakening. Meanwhile, the RSI has risen from oversold levels, approaching the overbought zone, which could lead to consolidation or continued movement towards key resistance levels.
Pi Network DMI shows the uptrend is still intact
The DMI chart of PI shows that the Average Directional Index (ADX) has declined to 30.6 from 36.5 in the past two days. ADX measures the strength of a trend, with values above 25 usually indicating a strong trend, while values below 20 suggest a weak market or consolidation.
An increase in ADX indicates strengthening momentum, while a decrease in ADX indicates a weakening trend, even if the price action continues in the same direction.
The current decline in ADX suggests that although PI is still in an uptrend, the momentum behind this movement is weakening.
PI DMI. Source: TradingView.Examining the Directional Indicators (+DI and -DI), +DI has increased to 27.3 from 12.3 two days ago but has stabilized since yesterday, while -DI has dropped sharply to 14.9 from 29.3. This change indicates that buying pressure has increased significantly in the past two days, outweighing the previous selling pressure.
However, with +DI now stabilizing and ADX declining, the strong buying momentum seen earlier may be fading. This does not necessarily mean an immediate reversal, but it suggests the uptrend may slow or enter a consolidation phase unless new buying power pushes the ADX higher again.
Pi Network's RSI has surged strongly in the past two days
The Relative Strength Index (RSI) of PI has surged to 60.90, up from 34.8 yesterday and 19.5 four days ago. RSI is a momentum oscillator that measures the speed and magnitude of price movements on a scale from 0 to 100.
Generally, RSI values above 70 indicate overbought conditions, suggesting the potential for a correction, while values below 30 signal oversold conditions, often preceding a price recovery.
The rapid increase from deep oversold levels to near 61 indicates a strong shift in momentum, with buyers regaining control.
PI RSI. Source: TradingView.With PI's RSI previously touching 68 and now at 60.90, it is approaching the overbought zone but has not yet crossed the critical 70 level.
The fact that PI has not surpassed 70 since 27/02/2025 suggests this level has been a resistance, which may trigger profit-taking or a temporary slowdown.
If the RSI stabilizes near current levels, PI may consolidate before making another price push. However, if it crosses 70, it would signal strong momentum, although that would also increase the likelihood of a short-term correction.
PI may soon reclaim the $2.35 level
PI's price is currently trading in a critical range, facing resistance at $1.82 while holding support at $1.57. If the current uptrend continues and buyers can push through $1.82, the next target will be $1.98.
A breakout above this level could open the door for a stronger rally, especially if PI regains the positive momentum seen last month. In that scenario, the price could continue climbing to $2.35, reinforcing the bullish outlook.
However, sustaining a move above these levels will require continuous buying pressure and a confirmed breakout above $1.82.
PI Price Analysis. Source: TradingView.On the downside, if the trend of PI reverses, it may test the immediate support level at $1.57.
A loss of this level would weaken the bullish structure and could lead to deeper declines, potentially testing the $1.35 level. If selling pressure increases, PI may drop further to $1.23, marking a deeper correction.
The strength of the support at $1.57 will be crucial in determining whether the current uptrend can be maintained or if PI will enter a more prolonged correction phase.
