#PI走势分析# Pi Network (PI) is in danger of breaking through the $2 mark due to increased selling pressure

The Pi Network (PI) has been consolidating after hitting new highs in late February, with technical indicators showing mixed signals.
The DMI chart shows that sellers are trying to stay in control as +DI has fallen while -DI is rising, indicating a strengthening bearish momentum. At the same time, the RSI remains neutral, fluctuating between 45 and 55, indicating the lack of strong directional movement.
In the event of a strong uptrend, PI could break above $2 and potentially test $3, but downside risks remain, especially with the 1.88 million tokens about to be unlocked this month.
Pi Network DMI shows that sellers are trying to stay in control
Pi Network's DMI shows that its ADX has fallen to 11.5, down from 17.7 the day before.
The Average Directional Index (ADX) measure trend strength and ranges from 0 to 100, with values below 20 indicating a weak trend and above 25 indicating a strong trend. The decline in the ADX indicates that the current trend, whether bullish or bearish, is losing momentum and is unlikely to continue in the short term.
At the same time, PI+DI has fallen from 24.5 to 19.3, while -DI has risen from 16.1 to 20.1. This shift suggests that bearish momentum is building as selling pressure outweighs buying pressure. If this trend continues, PI may struggle to gain upward momentum and may face further price weakness. To achieve a bullish reversal, +DI needs to re-dominate -DI, while ADX needs to increase, confirming a stronger trend direction.
The PI RSI has remained neutral for 8 days
Pi Network's RSI is currently at 46.9 and has been neutral since February 27, fluctuating between 45 and 55 over the past three days.
The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price movements, ranging from 0 to 100. A reading above 70 indicates an overbought state with a possible pullback, and a reading below 30 indicates an oversold state, suggesting a possible rally. A neutral RSI between 45 and 55 usually reflects a lack of strong directional momentum.
With the PI RSI at 46.9, the market seems to be hesitant and lacks clear bullish or bearish momentum. This suggests that Pi Network's price is likely to remain range-bound unless there is a significant shift in buying and selling pressure.
For a stronger bullish outlook, the RSI needs to break above 55, indicating increased buying interest, while a break below 45 could indicate increased bearish momentum, potentially leading to further price declines.
The coin recently surpassed 4 million followers on X, but the BN listing is still far away, which could lead to more selling pressure.
In the event of a strong uptrend, Pi Network could break above $3
Pi Network has been in the finishing phase for the past few days after reaching new highs at the end of February.
A consolidation period usually indicates a temporary pause in price movement and traders are evaluating the next direction, possibly continuing the previous trend, or a reversal.
If buying pressure recurs and Pi Network resumes its uptrend, it could first test resistance near $2. A break above this level, coupled with strong momentum, could push the Pi towards $3 or even higher, making new all-time highs.
However, if the uptrend fails to emerge and selling pressure increases, the PI price may enter a correction phase. In this case, the price may drop to $1.51. Its next price action could be influenced by the unlocking of 1.88 million tokens this month.