Pi Network (PI) Struggles to Reclaim $2 – What’s Next?

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In recent weeks, Pi Network (PI) has experienced significant price fluctuations, from its peak of $2.91 on February 27 to its current level around $1.66. While it is in a recovery phase, the momentum behind this movement appears to be weakening.

PI Network DMI Confirms Uptrend, but Strength Is Fading

According to DMI data, the ADX, which measures trend strength, has declined to 30.6 from 36.5 over the past two days. This suggests that while PI remains in an uptrend, the strength of this trend is diminishing.

Additionally, the +DI (positive directional indicator) has surged to 27.3 from 12.3, while the -DI (negative directional indicator) has dropped sharply to 14.9 from 29.3. This indicates that buying pressure has significantly increased, overpowering previous selling pressure. However, with ADX declining, this buying momentum may be fading.

PI System RSI Hits New High, Is a Pullback Coming?

The RSI for PI has climbed to 60.90, up from 34.8 yesterday and 19.5 four days ago. This signals a strong shift in momentum, with buyers regaining control.

Despite this bullish move, the 70 level remains a key resistance, signaling overbought conditions where profit-taking could slow the rally or trigger a short-term pullback. If PI holds near its current RSI level, consolidation may occur before another upward attempt. However, a break above 70 would suggest extreme bullish momentum, increasing the probability of a correction.

PI’s Next Price Target: $2.35 or a Drop to Lower Levels?

Currently, PI is trading within a support range at $1.57 and resistance at $1.82. If buyers sustain their momentum and push the price past $1.82, the next target will be $1.98, followed by $2.35 if bullish momentum strengthens.

However, if selling pressure increases, PI could retest its $1.57 support level. A breakdown below this level would weaken its bullish structure and expose PI to a further decline toward $1.35 or even $1.23, signaling a deeper correction.