Pi Network (PI) recently launched, becoming the biggest airdrop in crypto history and surpassing Uniswap. However, its price has been volatile since its launch, with indicators such as ADX and RSI reflecting a lack of clear trends and diminishing market momentum. The drop in ADX suggests a loss of momentum and fading hype, while the RSI indicates a shift from extreme buying pressure to a more cautious sentiment. The next trend for Pi Network is uncertain, and traders should watch for a potential breakdown or reversal. If selling pressure continues, Pi could test support at $0.71, while a reversal could push it to resistance at $1.02 and potentially rise to $1.26.
Content Editor ( beincrypto.com )
- 2025-02-21
Pi Network (PI) Distributes Record Airdrop But Indicators Show Weak Momentum
