Pi Network (PI) Shows Signs of Fading Bearish Momentum Amid Consolidation Near Key Support
The post Pi Network (PI) Shows Signs of Fading Bearish Momentum Amid Consolidation Near Key Support appeared on BitcoinEthereumNews.com.
Pi Network (PI) experiences a 6% weekly decline amid mixed technical signals, highlighting a potential shift in market momentum. Key indicators such as the Directional Movement Index (DMI) and Chaikin Money Flow (CMF) suggest weakening bearish pressure alongside steady, albeit light, buying interest. According to COINOTAG analysis, PI’s consolidation near the $0.601 support level is critical, with upcoming price action likely to determine its short-term trajectory. Pi Network slips 6% as DMI signals fading bearish momentum and CMF shows mild buying pressure, with price consolidating near key $0.601 support. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Directional Movement Index Highlights Cooling Bearish Momentum for Pi Network Pi Network’s recent technical data reveals a notable decline in the Average Directional Index (ADX), dropping from 44.59 to 34 within a day, indicating a cooling of the previously strong trend. The ADX remains above 30, confirming that PI is still in a trending phase, but the momentum is clearly weakening. The directional indicators further support this observation: the positive directional indicator (+DI) has surged from 4 to 20.89, while the negative directional indicator (-DI) has fallen sharply from 70.57 to 32.68. This crossover suggests diminishing bearish dominance and an emerging bullish pressure, which could signal a potential stabilization or reversal in PI’s price trend. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now!…
Filed under: News - @ June 16, 2025 2:07 am