Pi Network Price Hovers Above $0.601 Support Amid Mixed Signals

Pi Network (PI) is currently at a pivotal point, with its price hovering just above the critical support level of $0.601. This indecision has sparked debate among traders and analysts about whether the next move will be a breakdown or a recovery. Over the past week, PI has experienced a nearly 6% decline, but technical indicators suggest a potential shift in momentum.

Technical data reveals that Pi Network’s Directional Movement Index (DMI) is indicating a weakening bearish momentum. The Average Directional Index (ADX), which measures trend strength, has decreased to 34 from 44.59 the previous day. This drop follows a sharp increase from 16.89 just three days prior, signaling a brief but weakening trend phase. The +DI (positive directional index) has risen to 20.89 from 4 two days ago, hinting at growing bullish sentiment. Conversely, the -DI (negative directional index) has sharply decreased to 32.68 after peaking at 70.57, further indicating that bearish pressure is easing. This crossover between bullish and bearish momentum suggests a potential trend reversal or, at the very least, a neutral phase following intense selling.

The Chaikin Money Flow (CMF), which measures the flow of capital based on price and volume, is currently at 0.07, down from 0.19 two days ago but still in positive territory. A CMF value above zero generally indicates buying pressure, even if modest. While not strong enough to confirm accumulation, this level suggests that capital is still entering the asset, albeit with reduced intensity. A further drop below zero would warn of weakening demand, while a rise back toward 0.10 could signal strengthening interest.

Pi Network's Exponential Moving Averages (EMAs) indicate that the asset is currently in a consolidation phase, with the price tightly ranging above $0.601. This follows a rebound from earlier lows caused by geopolitical tensions, specifically the Israel-Iran conflict escalation. This zone is seen as make-or-break territory. A breakdown below $0.601 could trigger a deeper decline toward $0.542 and even $0.40 if bearish momentum regains traction. On the flip side, a breakout above resistance levels at $0.647 and $0.658 could set off a bullish wave toward $0.796. With conflicting signals from technical indicators, traders are advised to monitor these levels closely before taking positions.

Pi Network remains in a critical phase, with mixed signals across key metrics. While the DMI and CMF show signs of improving sentiment, the market hasn’t yet committed to a clear direction. Holding the $0.601 support is crucial in determining whether the PI price will recover or break lower. Investors should watch for a strong move past resistance or a decisive drop below support, which could define Pi Network’s short-term price trajectory.