Pi Network (PI) enters May with mixed technical signals. Momentum indicators indicate a strong downward trend, while the money flow hints at potential accumulation. The ADX rose above 50, signaling a powerful bearish trend.
At the same time, the Chaikin Money Flow (CMF) has turned positive for the first time in several weeks, indicating early signs of renewed buying interest. However, with short-term EMAs still below long-term ones, PI must hold key support at $0.547 to avoid deeper losses.
Pi Network enters a strong downward trend as the ADX rises above 50.
The DMI (Directional Movement Index) chart for Pi Network reveals a significant change in trend strength, with the ADX (Average Directional Index) rising to 56.72 from just 10.48 three days ago.
The ADX measures trend strength regardless of its direction, with values above 25 typically indicating a strong trend.
Values above 50, as they are now, reflect a very strong trend, which traders often consider dominant and sustainable in the short term. At the same time, the distribution of directional indicators suggests that the dominant trend is bearish.
+DI, which measures upward movement, has sharply dropped from 15.88 to 4.61, while -DI, tracking downward movement, has significantly risen from 23 to 45.
This widening gap between +DI and -DI reinforces the notion that Pi Network is in a strong and accelerating downward trend. If buying pressure does not return soon, technical indicators point to possible further declines.
PI CMF reaches the highest level since mid-April.
Chaikin Money Flow (CMF) of Pi Network rose to 0.06, up from -0.08 just one day ago, reaching its highest level since April 14.
CMF is a volume-based indicator that measures the flow of money into or out of an asset over a certain period. It ranges between -1 and +1, with values above 0 indicating buying pressure (accumulation) and values below 0 signaling selling pressure (distribution).
Sustained values in the positive zone often indicate that market participants are starting to accumulate the asset. Currently, with CMF PI at 0.06, this shift signals a potential change in sentiment, showing that more capital is flowing into the token after a period of outflows.
Although the level is still relatively low, the transition into positive territory and its multi-week high may indicate a weakening of bearish momentum.
If this trend continues and is confirmed by stronger price action or volume, it may increase the likelihood of a short-term recovery or stabilization of the Pi price.
However, further confirmation will be needed to establish a clear bullish trend.
Pi Network faces a key support test as the EMA structure remains bearish.
Pi Network is currently in a bearish technical configuration, with short-term exponential moving averages (EMAs) below long-term EMAs—a structure that usually signals ongoing downward momentum.
The token has decreased by more than 12% over the last seven days, reflecting increasing selling pressure. If the correction continues, PI may soon test the nearest support level at $0.547.
A breakout below this level could open the way for deeper declines in the $0.40 range. However, if the trend changes and buyers regain control, the price of PI could test the resistance level at $0.665 again.
A breakout above this threshold could lead to further gains, potentially pushing the price towards the next key resistance at $0.789.
The current EMA alignment still favors bears, but a change in momentum—confirmed by volume and price action—could alter the short-term outlook.#Write2Earn #BinanceSquare #Squar2earn #Binance #crypto $USDC