PI硬币（Piusdt）在1小时图表上显示看跌旗图案

2025年5月23日，Pi Coin（Piusdt）在1小时图表上显示了看跌旗图案。

On May 23, 2025, Pi Coin (PIUSDT) showed a bearish flag pattern on the 1-hour chart.

2025年5月23日，Pi Coin（Piusdt）在1小时图表上显示出看跌旗图案。

This technical setup often signals continuation to the downside.

这种技术设置通常信号延续到不利的一面。

A bearish flag pattern forms when a sharp price drop, called the flagpole, is followed by a brief upward consolidation inside parallel trendlines, resembling a flag.

当价格下降（称为旗杆）之后是平行趋势线内部的简短固结，类似于旗帜时，就会形成看跌旗的图案。

The chart confirmed this structure after a steep fall on May 16. Since then, price has climbed in a narrow ascending channel, marked by two red trendlines.

该图表在5月16日陡峭下降后证实了这种结构。从那时起，价格在一个狭窄的上升渠道上攀升，标有两个红色趋势线。

At the same time, the 50-period Exponential Moving Average (EMA) now sits above the price at $0.8114, acting as resistance.

同时，现在50个周期的指数移动平均线（EMA）现在以0.8114美元的价格位于价格上，起着电阻。

Meanwhile, the Relative Strength Index (RSI) reads 41.57, showing weakening buying strength.

同时，相对强度指数（RSI）的读数为41.57，显示购买强度较弱。

If the bearish flag confirms with a breakdown below the lower red trendline, PIUSDT could drop 28% from its current level of $0.8079. That places the downside target at approximately $0.5814, which aligns with the previous low shown on the chart.

如果看跌旗确认低于低红色趋势线的故障，Piusdt可能会从目前的0.8079美元水平下降28％。这将下行目标定为约0.5814美元，与图表上的先前低点保持一致。

Pi Coin DMI Shows Bullish Momentum as Sellers Retreat

Pi Coin DMI显示了卖家务虚会时的看涨势头

On May 21, Pi Coin’s Directional Movement Index (DMI) signals suggest that trend strength is increasing.

5月21日，PI硬币的定向运动指数（DMI）信号表明趋势强度正在增加。

The Average Directional Index (ADX), which tracks trend momentum, rose from 12.46 to 16.60 within a day. This level of ADX movement is significant and signals that the trend is more likely to continue.

跟踪趋势动量的平均方向指数（ADX）在一天之内从12.46上升到16.60。 ADX运动水平很重要，并表明趋势更有可能继续。

ADX readings above 20 are often considered more reliable by analysts in determining if the price trend is strong.

分析师在确定价格趋势是否强劲时，通常认为20多于20的ADX读数更可靠。

At the same time, the Positive Directional Indicator (+DI), which reflects bullish strength, climbed to 25.98. It moved up from 20.14 yesterday but cooled slightly from earlier today’s high of 29.15.

同时，反映看涨强度的正方向指示器（+di）爬到25.98。它从昨天的20.14升起，但从今天早些时候的29.15升高略微冷却。

Meanwhile, the Negative Directional Indicator (−DI), which measures bearish pressure, dropped to 14.45 from 20.84.

同时，测量看跌压力的负方向指示器（-DI）从20.84降至14.45。

This widening gap between +DI and −DI indicates that bulls are gaining ground while sellers are losing momentum.

+di和-di之间的这种扩大差距表明，公牛在卖方失去动力的同时处于地面。

If ADX continues climbing past 20, Pi Coin could enter a stronger uptrend supported by increased buying pressure.

如果ADX继续攀升20，则Pi硬币可能会因购买压力增加而支持更强的上升趋势。

Chaikin Money Flow Turns Negative After Failing to Hold Breakout

Chaikin货币流量未能保持突破后变负

On May 21, Pi Coin’s Chaikin Money Flow (CMF) dropped to -0.03 after briefly rising above zero.

5月21日，Pi Coin的Chaikin货币流（CMF）在短暂上升到零以上后降至-0.03。

The Chaikin Money Flow is a volume-weighted oscillator that tracks capital inflows and outflows to indicate market sentiment. Values above zero reflect buying pressure, while values below zero show selling pressure.

Chaikin货币流是一种体积加权的振荡器，它跟踪资本流入和流出以表明市场情绪。高于零的值反映了购买压力，而零以下的值显示出销售压力。

Two days earlier, CMF stood at -0.17. It climbed to +0.9 on May 20, showing short-lived accumulation. However, the current dip back below the zero line signals that buyers have not yet taken control.

两天前，CMF站在-0.17。它在5月20日攀升至+0.9，显示出短暂的积累。但是，当前的倾斜返回了零线以下的信号，该信号尚未控制。

Although the drop is minor, it reflects a lack of strength in sustaining bullish momentum.

尽管下降很小，但它反映了维持看涨势头的力量。

For sustained upside, the CMF must return to positive territory and remain there. Until then, this near-zero reading suggests indecision and fading buyer strength after the latest rally.

为了持续的上升空间，CMF必须返回积极的领土并留在那里。在此之前，这种接近零的阅读表明，在最新集会之后，犹豫不决和褪色的买家实力。

Vietnam Dominates Pi Network’s Node Infrastructure

越南在Pi Network的节点基础架构中占主导地位

As of May 22, 2025, Vietnam hosts 154 out of Pi Network’s 319 global nodes, according to Piscan. This number represents 48.2% of the total nodes.

据Piscan称，截至2025年5月22日，越南在PI Network的319个全球节点中占据了154个。该数字代表总节点的48.2％。

At the same time, 33 of the 76 connected nodes also operate from Vietnam.

同时，76个连接的节点中有33个也从越南运行。

The network only has two validator nodes, both controlled by the Pi Network core team. This setup raises concerns over centralization, fairness, and long-term network resilience.

该网络只有两个验证器节点，均由PI网络核心团队控制。这种设置引起了人们对集中化，公平性和长期网络弹性的担忧。

Vietnam’s legal stance complicates the issue further. Local laws do not recognize Pi Coin as a legal payment method. Users could face fines ranging from 50 million to 100 million Vietnamese dong or criminal charges under Decree 88/2019 and Decree 143/21. In 2023, Vietnamese authorities also launched an investigation into Pi Network’s operations.

越南的法律立场使问题进一步复杂化。地方法律不认为PI硬币是法律支付方法。用户可能会面临从5000万到1亿个越南董事的罚款，或根据88/2019法令和143/21法令的刑事指控。 2023年，越南当局还开始了对PI网络运营的调查。

Core Team Controls Over 60% of Pi Supply

核心团队控制PI供应的60％以上

According to Piscan, the Pi Foundation currently holds over 60.7 billion Pi coins out of the 100 billion total supply. This level of control contradicts the decentralized image the project promotes.

据PISCAN称，PI基金会目前持有1000亿个供应量中的607亿PI硬币。这种控制水平与项目促进的分散图像相矛盾。

The Vietnamese Ministry of Finance has also proposed restricting cryptocurrency custody to licensed institutions, a move that could limit local miner activity and further affect Pi Network’s infrastructure.

越南财政部还提出了将加密货币监护权限制为有执照机构的，这一举动可能会限制当地矿工活动并进一步影响PI Network的基础设施。

Community concerns continue to grow. A recent Reddit post stated that as long as the team holds a large share of the supply, decentralization remains out of reach.

社区的关注继续增长。 Reddit最近的一篇文章指出，只要团队占有很大的供应份额，权力下放仍然无法实现。

Alleged Insider Dumping and User Losses Trigger Fresh Criticism of Pi Network

所谓的内部倾销和用户损失触发了对PI网络的新批评

A new investigation by crypto analyst Atlas has intensified concerns over Pi Network’s transparency

加密分析师Atlas的一项新调查加剧了对PI网络透明度的关注点