Pi Network Price Drops 43% | Airdrop Alert Pro

PI Network (PI) has dropped sharply by nearly 43% in the past four days after reaching the nearly $3 level. Despite recent declines, technical indicators suggest that the downward trend may lose momentum, while both DMI and BBTREND show signs of stability.

If bullish pressure returns, PI may try to exceed key resistance levels, potentially laying the foundation for a move toward a $3 transfer. However, if sales pressures intensify, the PI could be below $1.50 and test the lower range.

PI network DMI shows downward trend is losing steam

The trend intensity of PI networks has dropped sharplyas reflected by its directional motion index (DMI).

this Average Direction Index (ADX)the strength of the measuring trend fell from 37.5 yesterday to 16, indicating that the previous downtrend was significantly weakened.

ADX does not indicate the strength of the trend, but the strength of a trend above 25, indicating that the trend has a strong trend, and any under 20 points to weak or indecisive price action. With ADX at 16, PI is currently in a phase of declining momentum, indicating that neither buyer nor seller control.

In addition, the +DI (positive direction index) of PI has dropped from 25.8 to 17, indicating a weakening of bullish force. In contrast, -DI (negative directional index) has increased from 17.8 to 23, reflecting an increase in sales pressure.

This shift suggests that PI is still on a downward trend, although not particularly strong, as ADX indicates that the trend is generally less intense. If -di continues to rise while ADX remains below 20, PI may remain in a low trend rather than a sharp decline.

However, if ADX climbs again with -DI, ​​sales pressure may intensify, resulting in a sharper decline. Conversely, if the buyer step in and pushes +di back to -DI, ​​the PI can be stable and may enter the merger phase.

pi bbtrend is still negative, but recovers from the recent low

PI networks have been on a long-term downward trendAs its BBTREND indicator shows, it has been negative since February 28.

Yesterday, PI’s BBTREND reached a negative peak of -27.9, sending strong sales pressure before returning to its current level of -6.6. BBTREND, derived from the Bollinger Band, is a volatility-based indicator that helps measure the strength and direction of the trend.

Readings above zero indicate bullish trends, while negative values ​​indicate bearish momentum. When Bbtrend is below -10, it usually marks a serious overproduction condition, and the rise to neutral territory suggests that sales pressures may slow.

Although PI’s BBTREND is still -6.6, it has improved significantly from yesterday’s extremely low point, indicating that sales pressure is easing.

This suggests that the market may be stable, although PI is not on bullish territory yet. If BBTREND continues to rise and is closer to zero, it may indicate a potential trend reversal or at least a merger period before the next step.

However, if bbtrend refuses and cannot be restored, PI may face downward pressure on updatesit is crucial to observe whether recent improvements have been maintained or faded out.

PI networks could rise $3 in March

The PI network has dropped nearly 43% in the past four days after reaching the $3 level, indicating a significant reversal from the recent high A day ago, Vietnamese authorities issued a legal warning of 18% drop.

If the trend shifts to upward space, the first key resistance to viewing is $1.80. Breakthroughs above this level may indicate Update purchase interestit is possible to drive the PI to $2.35.

If the bullish momentum strengthens and reflects the surge a few days ago, PI could rise further to $2.97 and potentially break above $3 for the first time.

However, this situation depends on whether the buyer stepped in to regain control and push the price higher than the resistance level.

The downside is that if sales pressures intensify and return to decline, PI can test the $1.50 support level.

Less than the rest in this area Expose PI to further decreaseat $0.80 as the next major support. Such a move will indicate that bearish momentum is still strong and may lead to a prolonged downward movement.