The cryptocurrency Pi Network (PI) has seen a significant decline of over 19% in the past seven days and has been trading below $2 since March 1. Selling pressure remains strong, with indicators like the DMI and CMF suggesting further downside risks. The EMA lines are also indicating a potential death cross, which could lead to a deeper decline towards $0.95 if key support levels are broken. However, if buyers step in and there is a shift in momentum, PI could attempt to reclaim $2 and potentially reach new all-time highs above $3. The DMI shows that the current trend is gaining strength, and the +DI and -DI suggest weak but slightly improving bullish attempts while selling pressure may be losing momentum. The CMF indicates a significant shift in capital flow, with selling pressure increasing quickly. The price of PI is currently trading within a resistance level at $1.51 and a support level at $1.23, with the potential for a death cross and further selling pressure. If the $1.23 support is lost, the price could drop further to $0.95. On the other hand, if an uptrend is regained, PI could test resistance at $1.51 and potentially move towards $2. A stronger rally could even push PI above $3 and establish new all-time highs.



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