• PI Network drops 15% weekly as selling pressure intensifies.
  • ADX rises to 21 from 11.46, confirming trend strength development.
  • CMF plunges to -0.20, indicating strong money outflows from the asset.

Pi Network is displaying mounting technical weakness with a nearly 15% decline over the past seven days and 4% drop in the last 24 hours.

Multiple technical indicators point to growing bearish momentum, with selling pressure intensifying and price action struggling to maintain support levels. Unless momentum shifts, PI appears vulnerable to additional downside in the near term.

ADX confirms trend PI strength development

The Directional Movement Index (DMI) chart shows a notable rise in Pi Network’s Average Directional Index (ADX), which has climbed to 21 from 11.46 in just one day. The ADX measures trend strength regardless of direction, with readings below 20 suggesting weak or non-trending markets, while values above 20 indicate strengthening trends.

With PI’s ADX now breaking above this threshold, the data suggests a more decisive directional move may be developing. The +DI (Positive Directional Indicator) has dropped to 13.21 from 20.93 two days ago, while the -DI (Negative Directional Indicator) has surged to 31.92 from 23.48.

Pi Network’s Chaikin Money Flow (CMF) has dropped sharply to -0.20, down from 0.08 three days ago and -0.08 just one day prior. The CMF is a volume-weighted indicator measuring money flow into and out of assets over typically 20-21 day periods.

While negative values imply selling pressure and dispersion, values above zero typically indicate buying pressure and accumulation. Significant CMF readings are those that exceed ±0.10, with deeper negative values indicating prolonged outflows.

There is a clear indication that sellers are in charge of the market, since PI’s CMF is currently at -0.20, the lowest level since May 17. When paired with recent price weakness, this sharp decline further supports the pessimistic picture by reflecting more capital fleeing the asset.

If PI continues sliding, the next support level sits at $0.66. If that level is lost, there may be a chance for a further drop toward $0.57. Conversely, if PI manages to reverse course, the first key resistance lies at $0.727. A breakout above that level could signal short-term recovery and potentially drive prices higher toward $0.86.