Pi Network Token Holds Critical $0.601 Support as Technical Indicators Signal Potential Reversal
Pi Network''s token is testing a crucial support level at $0.601 while presenting mixed technical signals. The EMA lines indicate consolidation, while the Directional Movement Index shows weakening bearish momentum. The ADX reading stands at 34—a significant drop from 44.59 yesterday but still above the key 25 threshold—suggesting sustained trend strength despite slowing momentum.
Bullish signals are emerging as the +DI indicator surges to 20.89 from just 4 two days ago, while the -DI measure plummets from 70.57 to 32.68. This crossover pattern typically precedes trend reversals, though the Chaikin Money FLOW reflects only moderate buying interest following recent market volatility.