After hitting a peak of $2.99 on February 27, Pi Network is down nearly 40% in the past two weeks. Technical indicators suggest that PI momentum is stabilizing.

The DMI shows that buying pressure has surged in the past two days, but the ADX has declined, signaling that the strength of the trend may be weakening. Meanwhile, RSI has spiked from oversold levels, approaching overbought territory, which could either lead to consolidation or a continuation toward key resistance levels.

PI Network DMI Shows Uptrend Is Still Here

PI’s DMI chart indicates that the Average Directional Index (ADX) has declined to 30.6 from 36.5 over the past two days. ADX measures trend strength, with values above 25 generally indicating a strong trend, while values below 20 suggest a weak or consolidating market.

A rising ADX signals strengthening momentum, whereas a declining ADX suggests a weakening trend, even if price action continues in the same direction.

The current drop in ADX suggests that while PI remains in an uptrend, the momentum behind this movement is softening.

Looking at the Directional Indicators (+DI and -DI), +DI has surged to 27.3 from 12.3 two days ago but has remained stable since yesterday, while -DI has sharply dropped to 14.9 from 29.3. This shift indicates that buying pressure has significantly increased over the past two days, overwhelming prior selling pressure.

However, with +DI now stable and ADX declining, the strong buying momentum seen earlier may be fading. This doesn’t necessarily mean an immediate reversal, but it suggests the uptrend could slow or enter a consolidation phase unless renewed buying strength pushes the ADX back up.

Pi Network RSI Surged In The Last Two Days

PI’s Relative Strength Index (RSI) has climbed sharply to 60.90, up from 34.8 yesterday and 19.5 four days ago. RSI is a momentum oscillator that measures the speed and magnitude of price movements on a scale from 0 to 100.

Generally, RSI values above 70 indicate overbought conditions, suggesting potential for a pullback, while values below 30 signal oversold conditions, often preceding a price recovery.

The rapid rise from deeply oversold levels to near 61 suggests a strong shift in momentum, with buyers regaining control.

With PI’s RSI touching 68 earlier and now sitting at 60.90, it is approaching overbought territory but has not yet crossed the critical 70 threshold.

The fact that PI hasn’t surpassed 70 since February 27 suggests that this level has historically acted as a barrier, potentially triggering profit-taking or a temporary slowdown.

If RSI stabilizes near its current level, PI could consolidate before making another push higher. However, if it surges past 70, it would signal extreme bullish momentum, though that also increases the likelihood of a short-term correction.

PI Can Reclaim $2.35 Levels Soon

PI price is currently trading within a key range, facing resistance at $1.82 while holding support at $1.57. If the current uptrend persists and buyers manage to push past $1.82, the next target would be $1.98.

A break above this level could open the door for a stronger rally, especially if PI regains the positive momentum seen last month. In that scenario, the price could extend its climb toward $2.35, reinforcing a more bullish outlook.

However, clearing these levels would require sustained buying pressure and a breakout confirmation above $1.82.

On the downside, if PI’s trend reverses, it could retest its immediate support at $1.57.

Losing this level would weaken the bullish structure and expose the price to further declines, potentially testing $1.35. If selling pressure intensifies, PI could drop even further to $1.23, marking a deeper correction.

The strength of the support at $1.57 will be crucial in determining whether the current uptrend holds or if PI enters a more extended pullback phase.

Cardano (ADA) has struggled over the past week, dropping more than 23% and remaining below $1 for over seven days. Despite this bearish pressure, technical indicators suggest that the current downtrend may be losing strength.

ADX readings show that selling momentum is fading, while whale addresses continue to decline, signaling that large investors have been offloading their holdings. Given these indicators, ADA price could soon test key resistance levels at $0.64.

Cardano’s Current Downtrend Is Fading

ADA’s Average Directional Index (ADX) has dropped to 23.4, declining from 34 yesterday and 37 two days ago. ADX is a key indicator used to measure the strength of a trend, regardless of direction, on a scale from 0 to 100.

Generally, readings above 25 indicate a strong trend, while values below 20 suggest weak or consolidating market conditions. A falling ADX signals that the current trend is losing strength, even if price movement continues in the same direction.

With ADA’s ADX declining significantly, it suggests that the ongoing downtrend may be weakening.

Since Cardano remains in a downtrend, the ADX drop to 23.4 indicates that bearish momentum is slowing, though it has not fully disappeared.

If ADX continues to decline and falls below 20, it would suggest that selling pressure is fading, potentially leading to consolidation or a reversal. However, for a true trend shift, ADA would need buying volume to increase alongside a rise in ADX, confirming renewed strength.

If the ADX stabilizes near current levels and turns upward again, the downtrend could regain momentum, keeping ADA under pressure in the short term.

ADA Whales Are Steadily Dropping In The Last Few Days

The number of Cardano whale addresses – those holding between 1 million and 10 million ADA – has dropped to 2,455, down from 2,484 on March 8.

This steady decline suggests that large holders have been offloading their positions over the past few days. Tracking whale activity is crucial because these high-value investors often influence market trends.

When whales accumulate, it signals confidence in the asset and can lead to price increases, while declining whale numbers suggest distribution, which can add selling pressure to the market.

With ADA whale addresses now at their lowest level since March 2, this trend could indicate weakening confidence among large holders despite Cardano being included in the US strategic crypto reserve.

If this pattern continues, it may lead to increased volatility as smaller investors absorb the selling pressure. A sustained drop in whale holdings could also suggest that ADA lacks strong buy support at current levels, potentially prolonging its downtrend.

However, if whale numbers stabilize or begin to rise again, it could signal renewed accumulation, potentially helping ADA regain momentum.

Will Cardano Rise Back To $1 Soon?

ADA’s EMA lines indicate that Cardano is in a consolidation phase. The short-term EMAs remain below the long-term ones, but their gap is not significant.

This suggests that bearish momentum is not dominant, and a shift in trend could occur if buying pressure increases. If ADA can test the resistance at $0.75 and establish an uptrend, it could climb toward $0.81.

A stronger bullish breakout could push Cardano’s price higher. The potential upside targets are $1.02 and even $1.17, if momentum continues to build.

On the downside, if selling pressure intensifies, ADA could test its key support at $0.64.

Losing this level would weaken its structure and increase the likelihood of further declines, potentially sending the price down to $0.58.

The relatively close EMA lines indicate that Cardano is in a pivotal phase, during which either a breakout or a breakdown could occur.