Mixed Signals for PI Coin: Downtrend Deepens While Capital Quietly Returns

Pi Network (PI) enters May under pressure, with technical signals sending conflicting messages.

May has arrived with technical indicators sending mixed messages on the future of Pi Network (PI), the token developed by the eponymous mobile app.

While momentum indicators still suggest bears are in control, subtle signs suggest a shift could be brewing.

The ADX, a gauge of trend strength, has surged past 56 — indicating a powerful directional move. Unfortunately for bulls, that direction appears to be down, with sellers increasing their strength. The directional index shows declining upward movement and rising downside force, confirming a sharp bearish tilt in recent days.

However, the Chaikin Money Flow just flipped positive for the first time in weeks, signaling a tentative return of buyer interest. Though still modest, this change suggests some capital may be quietly returning to PI after recent outflows, hinting at early-stage accumulation.

A decisive drop below the $0.547 support zone could accelerate the decline, exposing the token to a potential fall toward $0.40. This level hasn’t been tested in months and could trigger panic selling. The longer PI stays above support, the more likely it is to hold.

On the flip side, if bulls can push the price above $0.665, momentum could shift in their favor. A breakout above this resistance might spark renewed interest and attract sidelined buyers, especially if accompanied by higher trading volume. In that case, a move toward the $0.789 region becomes more plausible, setting the stage for a trend reversal.

Until then, traders are keeping their powder dry, waiting for clear technical signals before making any major commitments.