Pi Network (PI) is currently in a consolidation phase after reaching new highs in late February. Technical indicators are showing mixed signals, with the DMI chart suggesting that sellers are trying to maintain control and the RSI remaining neutral. If a strong uptrend emerges, PI could break above $2 and potentially test $3, but downside risks remain, especially with the upcoming unlock of 188 million tokens this month. The ADX has dropped, indicating a weakening trend, and the +DI has fallen while the -DI has risen, signaling increasing bearish momentum. The RSI is fluctuating between 45 and 55, indicating a lack of strong directional movement. The market appears indecisive, and a significant shift in buying or selling pressure is needed to determine the next price movement. The coin recently surpassed 4 million followers on X, but a Binance listing remains elusive, which could contribute to more selling pressure. If buying pressure returns, PI could test resistance at $2 and potentially reach new all-time highs, but if the uptrend fails, the price could decline towards $1.51. The 188 million token unlock will also impact its price movements.



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