Pi Network holds at an important support level – Will it bounce back or continue to fall?

Pi Network (PI) has fallen more than 4% in the past 7 days, reflecting a polarized market sentiment, with key technical indicators sending mixed signals.

The DMI index indicates that the downward momentum is slowing down, opening up the possibility of a trend reversal. Meanwhile, CMF (Chaikin Money Flow) still maintains a slight inflow signal – a positive factor although not very strong.

Notably, the EMA lines are converging, indicating a consolidation phase. The PI price is currently hovering just above the important support zone at $0.601 – a key boundary for the upcoming trend.

The next developments will depend on whether PI can maintain this support level or, conversely, break through the nearby resistance levels to establish a more distinct recovery trend.

The DMI signal of Pi Network is losing bearish momentum

The Directional Movement Index (DMI) of Pi Network shows that the ADX indicator – a measure of trend strength – has fallen to 34, compared to 44.59 just one day earlier.

Previously, ADX surged from 16.89 to over 44 within three days, reflecting a rapidly forming strong trend. However, the latest decline implies that the momentum of this trend is weakening.

ADX does not measure the direction of price but only reflects the strength or weakness of a trend. A level below 20 indicates a sideways market or a lack of clear trend, while above 25 indicates a strong trend.

With ADX still above the 30 threshold, it can be affirmed that Pi Network is still in a clear trend – but the momentum is slowing down, signaling the risk of a correction or consolidation in the short term.

! Pi NetworkDMI PI | Source: TradingViewAccording to directional indicators, buying power is showing signs of increasing markedly. The +DI index jumped to 20.89 from just 4 points two days ago, indicating that buying pressure is returning to the market.

On the contrary, -DI ( represents a strong fall in selling pressure to 32.68 after peaking at 70.57 just three days ago. This trend signals that the downward momentum is rapidly weakening, reflecting that the sellers are losing their advantage.

The narrowing gap between +DI and -DI, especially in the context of increased buying pressure, may signal a shift in market sentiment. If this trend continues – with +DI maintaining its upward momentum and -DI continuing to fall, Pi Network may be poised to enter a recovery phase or at least a neutral stage following the recent sell-off.

CMF PI indicates light buying pressure after the recent spike

The Chaikin Money Flow indicator )CMF( of Pi Network is currently recorded at 0.07 – falling from a recent peak of 0.19 two days ago, but still higher than the level of -0.05 established three days ago.

CMF is a tool for measuring the accumulation or distribution of cash flow, combining price and trading volume to determine whether money is flowing into or out of the market. A positive CMF value reflects buying pressure, while a negative value indicates that selling pressure is dominant.

Typically, threshold levels above +0.1 or falling below -0.1 are regarded as strong signals for accumulation or distribution.

![Pi Network])https://img.gateio.im/social/moments-f2856c6456a81df7b3df09168b70c8e1(CMF PI | Source: TradingViewThe current CMF level of PI at 0.07 indicates slight but positive buying pressure.

Although it is not strong enough to confirm robust accumulation activity, it shows that capital is still flowing into the assets, albeit not as strongly as two days ago.

If the CMF continues to stay above 0, it may support stability or a gradual recovery in price. However, if it falls below 0, it could signal weakening demand and potential downside risk.

Breakout **or breakdown? PI trading near important level

The EMA line of Pi Network currently shows a consolidation phase, after recovering from the sharp fall due to the escalating conflict between Israel and Iran.

The price action is fluctuating right above the important support level of $0.601. If this level is broken, the price of PI could fall to $0.542, and if the downward momentum increases, the price could drop further to $0.4.

This structure reflects uncertainty, with no clear control over price increases or decreases at this time.

! [Pi ])https://img.gateio.im/social/moments-05bffa01d1a0b8032e6806bd8248f261(PI Price Analysis | Source: TradingViewOn the positive side, if the PI breaks through the resistance at $0.647 and $0.658, it could trigger a new uptrend.

A successful breakout in these areas could open the door for a move towards $0.796.

The EMA setup now supports a neutral stance, waiting for a decisive move in both directions.

Minh Anh