Pi Network (PI) Plummets 15% in a Week as Bearish Signals Dominate

Pi Network (PI) has lost 15% of its value this week, with technical indicators flashing strong bearish signals. The Average Directional Index (ADX) surged from 11.46 to 21 in just one day, crossing the critical 20 threshold that confirms trend strength—pointing to a potential sustained downtrend.

The Directional Movement Index (DMI) shows extreme bearish divergence: the Positive Directional Indicator (+DI) dropped sharply from 20.93 to 13.21, while the Negative Directional Indicator (-DI) spiked from 23.48 to 31.92. This momentum shift, combined with the rising ADX, historically precedes extended downward moves.

Market structure appears weak, with accelerating selling pressure and failed support levels. PI’s price action reflects fading bullish conviction, leaving traders watching for either a reversal pattern or confirmation of further downside.