Pi Network (PI) has recently experienced a significant decline, with the price falling by 15% in just 24 hours. The altcoin is now inching closer to falling below $1.00 as investors have moved to secure their gains. 

This downtrend is a result of a combination of market conditions and rising outflows, which have created significant selling pressure on the asset.

Pi Network Is Facing Outflows

The Chaikin Money Flow (CMF) indicator is reflecting the market’s weakening sentiment, showing a sharp downtick this week. At present, the CMF is hovering around the zero line, signaling that outflows are beginning to outweigh inflows. This trend is a bearish sign for Pi Network, as it indicates that investors are choosing to sell off their holdings to lock in profits.

If the CMF dips below the zero line, it would signal that outflows are fully dominating, which could exacerbate the sell-off. This shift would lead to even more downward pressure on the asset, prolonging the negative trend and pushing the price further down.

The overall market sentiment continues to reflect bearish conditions, with the Relative Strength Index (RSI) nearing the oversold threshold of 30.0. This suggests that Pi Network, along with other altcoins, is facing substantial selling pressure. The general market trend is pushing most cryptocurrencies down, and PI appears to be no exception.

The RSI level is a critical technical indicator, and its position indicates that Pi Network may be headed for a further decline. While the market continues to show weak bullish momentum, the lack of significant support and investor confidence could lead to PI price suffering in the short term.

PI Price Aims For Break Out

Currently, PI is trading at $1.14, a 15% drop from its previous value. The altcoin has fallen below its support level of $1.19 and is moving within a descending wedge pattern. This suggests that further downside movement is likely, with the asset testing its lower trendline.

If these bearish conditions persist, PI is likely to fall through the trendline and reach the support level of $0.92. This would bring PI closer to the critical $1.00 level, potentially triggering more selling from investors as the downward momentum builds. A drop below $1.00 would be concerning, as it would mark a significant loss for holders.

However, if PI manages to reclaim $1.19 as a support floor, the altcoin has a chance at recovery. A successful rebound above $1.19 could pave the way for a rise toward $1.43. This would help PI potentially break out of its current pattern and invalidate the bearish outlook.

HBAR, the native crypto token of the Hedera network, has recently attempted a recovery rally, but the price lacks the support needed to maintain its upward momentum. 

With broader market cues turning bearish and investor sentiment weakening, the altcoin could face further price declines, extending recent losses. The formation of a Death Cross may signal additional struggles ahead for HBAR holders.

Hedera Is Facing A Challenge

The Exponential Moving Averages (EMAs) for HBAR are nearing the formation of a Death Cross, a bearish indicator that could push prices lower. A Death Cross occurs when the 200-day EMA crosses over the 50-day EMA, signaling that the broader market momentum is shifting toward the downside. The last time this happened was in June 2024; HBAR entered a prolonged downtrend that lasted for five months and resulted in a significant price decline.

Currently, there is a 13% gap before the 200-day EMA overtakes the 50-day EMA. This suggests that the Death Cross is becoming increasingly likely. If this happens, the momentum could shift even further into the negative, and HBAR might struggle to recover.

Investor sentiment has been negative for most of this month. Although February saw a brief period of bullish activity, it quickly faded, leaving HBAR without significant support. This lack of conviction among investors is concerning, as it suggests that further upward movement may be difficult to sustain.

The cautious sentiment of investors reflects the broader uncertainty in the crypto market. If this pattern continues, HBAR could face additional headwinds, further delaying its recovery. The inability to regain momentum could keep the altcoin stuck in a downtrend for an extended period, increasing the risk for investors.

HBAR Price Is Struggling

HBAR’s price is currently trading at $0.187, moving within a descending channel. The altcoin is approaching the critical support level of $0.177, and it is likely that HBAR could test this support or potentially break through it in the near future. A failure to hold at $0.177 could signal further downside risk for the altcoin.

If HBAR breaks through the $0.177 support, the next key level to watch is $0.154. This would represent a deeper decline and extend losses for investors, potentially delaying recovery for the cryptocurrency. At this point, consolidation could become the most likely scenario, with HBAR struggling to regain bullish momentum.

However, if HBAR manages to flip $0.195 into support and push past $0.222, it could invalidate the bearish outlook and trigger a breakout. Such a move would shift the trend toward recovery, offering hope for a sustained rally.

Artificial intelligence (AI) coins faced an unexpected setback as Nvidia’s highly anticipated GPU Technology Conference (GTC) failed to ignite the enthusiasm investors had hoped for.

Despite the unveiling of Nvidia’s latest AI chips, the AI cryptocurrency market saw a decline of 2.8%. Meanwhile, Nvidia’s own stock also took a hit.

AI Crypto Tokens Slide as Nvidia CEO Unveils Next-Gen Chips in Conference

The Nvidia GTC conference in San Jose, California, has long been a pivotal event for the tech and AI industries, often serving as a catalyst for market movements. This year, expectations were high as CEO Jensen Huang took the stage on March 18 to showcase Nvidia’s next-generation AI chips.

This included the Blackwell Ultra, set for release in the second half of 2025. Huang also provided a glimpse into the company’s roadmap with the Vera Rubin and Rubin Ultra chips slated for 2026 and 2027, respectively. 

He emphasized the chips’ capabilities in advancing AI reasoning and agentic AI—systems designed to plan and act autonomously—positioning Nvidia as a leader in the AI space.

“These last two to three years have seen a fundamental breakthrough in AI. We call it agentic AI,” Huang said.

The CEO previously highlighted the potential of AI agents, predicting it to become a multi-trillion-dollar opportunity. This remark sparked a surge in AI agent tokens.

In fact, AI tokens saw significant gains following Nvidia’s impressive fourth-quarter earnings report in February. Thus, investors hoped for a similar impact from the conference. Yet, this time, the unveiling of new hardware failed to replicate that momentum.

While eight of the top 10 AI coins saw small gains, it wasn’t much. Additionally, the latest data revealed a 2.8% decline in the total market capitalization of AI-related cryptocurrencies following the keynote. Among the sectors, AI Applications experienced the steepest drop, posting a double-digit decline of 17.6%. 

Other affected sectors included AI Agent Launchpad, which saw a decrease of 9.5%, and AI Agents, which dipped by 7.7%. In addition, the AI Framework sector fell by 2.1%. The Bittensor Ecosystem also faced a decline, albeit smaller, at 1.7%.

Nvidia’s stock (NVDA) mirrored the broader sector’s disappointment. According to Google Finance, the shares fell 3.4% on Tuesday, contributing to a year-to-date decline of 14.0%. 

The drop came amid a broader market rout, with tech stocks facing pressure from macroeconomic uncertainty and shifting investor sentiment.

The emergence of competitors, such as China’s DeepSeek, which claimed to have built a cost-effective AI chatbot earlier this year, may also be weighing on sentiment, raising questions about Nvidia’s unchallenged dominance and impact in the AI sector.