Pi Network (PI) is perhaps the most hyped altcoin of 2025. Its price has skyrocketed more than 200% in the last seven days, almost touching $3 in the last few days. Despite this impressive rally, technical indicators suggest that the uptrend may be losing momentum.

The DMI shows that buyers are still in control, but the narrowing gap between the +DI and -DI signals weakening bullish pressure. Meanwhile, PI’s RSI has cooled off from extreme overbought levels, and its EMA lines hint at a potential trend reversal, putting its bullish outlook at risk.

PI DMI Shows Buyers Are Still In Control, But This Could Change Soon

PI’s DMI chart shows that its ADX is currently at 37.6, after surging from 9 to 62.7 between yesterday and today. The Average Directional Index (ADX) measures the strength of a trend without indicating its direction.

It ranges from 0 to 100, with values above 25 signaling a strong trend and values below 20 suggesting a weak or non-trending market.

PI’s +DI is at 23.6, down from 57 yesterday, indicating weakening bullish pressure. The -DI has risen to 20 from 1, showing an increase in bearish sentiment.

Despite this shift, the +DI remains above the -DI, confirming that PI is still in an uptrend. However, the narrowing gap between the directional indicators suggests that the uptrend is losing strength. If the +DI continues to decline and crosses below the -DI, it could signal the beginning of a trend reversal.

Pi Network RSI Is Back to Neutral After Staying In Overbought Levels

PI’s RSI is currently at 52.2, after reaching an extreme high of 95 yesterday and staying above 70 for several hours on February 26. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100.

Values above 70 indicate overbought conditions, suggesting that the asset may be overvalued and due for a pullback, while values below 30 indicate oversold conditions, signaling potential for a price rebound.

An RSI between 30 and 70 is generally considered neutral, with no strong directional bias.

PI’s RSI dropping to 52.2 after staying above 70 and peaking at 95 suggests that the intense buying pressure has cooled off. This decline reflects a loss of bullish momentum and may indicate that PI is entering a consolidation phase.

The sharp pullback from extreme overbought levels suggests that profit-taking is occurring, increasing the likelihood of a temporary price correction.

However, as the RSI is now in the neutral zone, the next price movement will depend on whether buying interest resumes or selling pressure continues to build.

Pi Network Could Correct By 68% Soon

PI’s EMA lines remain bullish, with short-term lines above long-term ones, indicating that the uptrend is still intact. However, the recent movement suggests that this uptrend could be losing momentum, as confirmed by the latest DMI and RSI values.

PI continues to be one of the most hyped coins in the market, making headlines repeatedly. Recently, Moonrock Capital CEO Simon Dedic Alleges Wash Trading in Pi Network. Before that, the coin surged after Florida Businesses Started Accepting PI Coins.

The weakening buying pressure and rising bearish sentiment indicate a potential shift in the positive market sentiment of the last days. If the EMA lines continue to converge, it could signal an impending trend reversal, putting PI’s bullish outlook at risk.

If PI can regain the strength of its uptrend, it could rise to test levels above $3 for the first time, possibly reaching $3.5.

However, if the trend reverses, the PI price could test support at $1.69. If this level is lost, it could continue to decline to $1.42. If even that support fails, Pi Network could drop as low as $0.8, marking a significant 68% correction.

Onyxcoin (XCN) was one of the best-performing altcoins in January, with its market cap soaring from $70 million on January 1 to $1 billion by January 26. However, it’s down 23% in the last 30 days.

The Relative Strength Index (RSI) has dropped to 42, and the Average Directional Index (ADX) indicates a fading downtrend, signaling a potential consolidation phase. If XCN loses its key support at $0.0145, it could drop as low as $0.0075, but a bullish reversal could see it testing resistances at $0.0229, $0.033, and even $0.040.

Onyxcoin RSI Shows Buying Pressure Isn’t Strong

Onyxcoin’s RSI is currently at 42, down from 52.6 two days ago, after previously rising from 29.2.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and potential for a price pullback, while values below 30 suggest oversold conditions and potential for a rebound.

An RSI between 30 and 70 typically indicates a neutral trend with no strong directional bias.

XCN’s RSI has struggled to break above 60 since January 30, indicating a lack of strong bullish momentum.

The recent drop from 52.6 to 42 suggests that buying pressure is weakening, potentially signaling further downside if the RSI continues to decline. This decrease reflects fading bullish sentiment, making the altcoin vulnerable to continued selling pressure.

If the RSI fails to recover above 50 soon, it could confirm a bearish trend, potentially leading to further price declines.

XCN ADX Shows the Downtrend Is Fading Away

Onyxcoin’s ADX is currently at 15.6, down from 24.2 two days ago. The Average Directional Index (ADX) is a trend strength indicator that measures the intensity of a trend without indicating its direction.

It goes from 0 to 100, with values above 25 signaling a strong trend and values below 20 indicating a weak or non-trending market.

An ADX below 20 suggests that price movements are likely to be sideways or lack momentum.

XCN’s ADX dropping to 15.6 suggests a weakening trend, indicating that the current downtrend is losing momentum.

In a downtrend, a declining ADX reflects reduced selling pressure and market indecision, increasing the likelihood of price consolidation or sideways movement.

However, without a rise in ADX or a directional shift, XCN is unlikely to see a significant price reversal soon. If the ADX remains below 20, the price could continue to drift without a clear direction.

Onyxcoin Could Drop 51% If the Downtrend Gets Strong Again

The combination of a fading downtrend and a dropping RSI suggests that the altcoin could be entering a consolidation phase.

Currently, it has a close support of around $0.0145, which, if tested and lost, could lead to a decline toward $0.0075.

On the other hand, if an uptrend emerges, XCN could rise to test the $0.0229 resistance level. If this is broken, and Onyxcoin recovers the positive momentum seen in previous months, it could continue to rally, testing $0.033 or even $0.040.

This would represent a potential 154% upside from current levels. However, for this bullish scenario to play out, XCN would need to regain strong buying momentum and maintain it through key resistance zones.

The SEC posted new guidelines today, claiming that meme coins are no longer bound by securities regulations. The Commission will be stopping enforcement, but other agencies may pick up the slack.

This could be a huge market opportunity, or it might embolden the rampant scammers. Latest meme coin crimes have dominated the news cycle, stealing millions and tarnishing crypto’s reputation.

SEC Will Not Take Enforcement Actions Against Meme Coins

The SEC, one of the US’ top financial regulators, has been trying to reassess its crypto responsibilities. When Hester “Crypto Mom” Peirce, one of its Commissioners, announced the new Crypto Task Force, she claimed that the Commission may try to delegate enforcement to other agencies like the CFTC.

Today, the SEC released a statement detailing its new policy on meme coins.

“Meme coins typically are purchased for entertainment, social interaction, and cultural purposes, and their value is driven primarily by market demand and speculation. In this regard, they are akin to collectibles. Meme coins also typically have limited or no use or functionality… [and] do not involve the offer and sale of securities under the federal securities laws,” it said.

Peirce already commented that the SEC may not wish to regulate meme coins in the future. The Commission has been winding down its crypto enforcement arm and resolving extant legal battles left and right.

In this light, a cool-off period for meme coin enforcement seems very understandable.

However, the SEC isn’t planning to turn the meme coin space into a complete free-for-all. As the letter noted, “fraudulent conduct related to the offer and sale of meme coins may be subject to enforcement action or prosecution by other federal or state agencies under other federal and state laws.”

In other words, scammers have been warned not to play around.

“In English — just because we’re not going to go after you doesn’t mean other regulators won’t,” wrote Eleanor Terrett.

This seems like an unequivocally pro-crypto development, but it might have a downside. Rampant scams have been ascendant in the meme coin space, and the SEC has an important role in protecting consumers.

Between high-profile rug pulls like LIBRA or the North Korean Lazarus Group using meme coins to launder stolen Bybit funds, some crime prevention might be needed.

Ultimately, it’s difficult to predict how the SEC’s new guidance will impact the meme coin space. On one hand, looser restrictions will encourage more products and their usage.

On the other hand, this move will probably allow more influential figures or celebrities to launch their own meme coins and drive pump-and-dumps. Regardless, we’re entering a rather chaotic new moment for the meme coin space.