Pi Network (PI) at Risk – Could It Drop Below $1 in March?
PI Network (PI) has dropped more than 19% in the past seven days to lower transactions since March 1, while transaction volumes are below $2. Sales pressure remains dominant, with high metrics such as DMI and CMF signals.
PI’s EMA line also indicates a potential death cross that could lead to a deeper drop to $0.95 if the main support level ruptures. However, if momentum changes and buyers step in, PI may try to recoup $2 and may head towards new all-time highs above $3.
PI Network DMI shows that sellers’ purchase pressure is still under control yesterday
The PI Directed Motion Index (DMI) shows that its average directional index (ADX) has soared to 34.29, up from 8.97 two days ago.
This dramatic growth suggests that current price trends, whether bullish or bearish, are strengthening their strength. Given the most recent volatilitytraders are closely watching whether PI will maintain its momentum Or see another shift in the direction of the trend.
The intensity of the trend on the ADX measurement scale ranges from 0 to 100, with a value above 25, indicating a strong trend, and over 50 indicates a very strong trend.
Meanwhile, the +DI (positive direction index) of PI is 11.37, down from 17.7 two days ago, but recovered from 7.14 yesterday. This indicates weak, but slightly improves bullish attempts.
Meanwhile, -di (negative directional index) is 30.57, up from 19.5 two days ago, but is lower after reaching 46.6 yesterday.
This shows Sales pressure remains dominantbears may lose some motivation to leave room for potential stability or short-term rebound.
PI CMF reaches historically low
PI Network Chaikin Money Flow (CMF) is currently -0.19, down from 0.03 a day ago. This sharp decline indicates a significant change in capital flows, Sales pressure increases rapidly.
A few hours ago, the CMF of PI reached -0.21, marking its lowest level. This highlights the intensity of the recent outflow.
CMF is an indicator that measures currency-weighted flows in assets neutralized from -1 to 1. Buying pressurewhile negative values indicate increased sales pressure.
With PI’s CMF now at -0.19, close to its all-time low, it indicates that sellers are in control and may lower prices. Unless buying activity returns, PI may remain stressed and strive to restore bullish momentum.
Will PI networks be less than $1 in March?
PI network price Currently, the main key resistance is $1.51 and the support level is $1.23, and its EMA line represents a bearish trend. A potential death cross may soon form Can accelerate sales pressure.
If such bearish crossover occurs, Pi loses $1.23 in support and it could drop further, possibly as low as $0.95.
But if PI manages to resume the uptrend, it may first test resistance at $1.51, breaking opens the door to the $2 transfer.
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Disclaimer
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