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Pi Network (PI) is entering May with mixed technical signals. Momentum indicators point to a strong downtrend, while money flow hints at potential accumulation. The ADX has surged above 50, signaling a powerful bearish trend.

At the same time, the Chaikin Money Flow (CMF) has turned positive for the first time in weeks, suggesting early signs of renewed buying interest. However, with short-term EMAs still trending below long-term ones, PI must hold key support at $0.547 to avoid deeper losses.

Pi Network Enters Strong Downtrend as ADX Spikes Above 50

The DMI (Directional Movement Index) chart for Pi Network reveals a significant shift in trend strength, with the ADX (Average Directional Index) surging to 56.72 from just 10.48 three days ago.

The ADX measures the strength of a trend regardless of its direction, with readings above 25 typically indicating a strong trend.

A reading above 50, as seen now, reflects a very strong trend in play—one that traders often view as dominant and persistent in the short term.

At the same time, the breakdown of directional indicators suggests that the dominant trend is bearish.

The +DI, which measures upward movement, has dropped sharply from 15.88 to 4.61, while the -DI, which tracks downward movement, has climbed significantly from 23 to 45.

This widening gap between the +DI and -DI reinforces the view that Pi Network is in a strong and accelerating downtrend. Unless buying pressure returns soon, the technical indicators suggest further downside may be ahead.

PI CMF Hits Highest Level Since Mid-April

Pi Network’s Chaikin Money Flow (CMF) has climbed to 0.06, up from -0.08 just one day ago, marking its highest level since April 14.

The CMF is a volume-based indicator that measures the flow of money into or out of an asset over a specified period. It ranges between -1 and +1, with values above 0 indicating buying pressure (accumulation) and values below 0 signaling selling pressure (distribution).

Sustained readings in positive territory often suggest that market participants are starting to accumulate the asset.

With PI’s CMF now at 0.06, this shift signals a potential change in sentiment, showing that more capital flows into the token after a period of outflows.

While the level is still relatively low, the move into positive territory and its multi-week high could suggest that bearish momentum is weakening.

If this trend continues and is confirmed by stronger price action or volume, it may increase the likelihood of a short-term recovery or stabilization in Pi’s price.

However, further confirmation will be needed before identifying a clear bullish trend.

Pi Network Faces Key Support Test as EMA Structure Remains Bearish

Pi Network is currently in a bearish technical setup, with its short-term Exponential Moving Averages (EMAs) sitting below the long-term EMAs—a structure that typically signals ongoing downward momentum.

The token has dropped over 12% in the past seven days, reflecting increased selling pressure. If the correction continues, PI may soon test the immediate support level at $0.547.

A breakdown below that could open the door to a deeper decline toward the $0.40 range.

However, if the trend reverses and buyers regain control, PI price could retest the resistance level at $0.665.

A breakout above this threshold may lead to further upside, potentially pushing the price toward the next key resistance at $0.789.

The current EMA alignment still favors bears, but a shift in momentum—confirmed by volume and price action—could change the short-term outlook.

The post Pi Network Shows Mixed Market Signals – Are Pioneers Buying PI Again?  appeared first on BeInCrypto.

Hyplerliquid’s native token HYPE has seen a strong 20% price increase over the last seven days, reaching a new all-time high (ATH) of $48.10. 

However, despite this surge, the altcoin faces potential reversal risks as broader market conditions suggest a potential correction. Bitcoin’s continued momentum could be the key factor in determining HYPE’s next move.

Hyperliquid Faces Challenges

The Relative Strength Index (RSI) for HYPE currently sits above the 70.0 threshold, indicating overbought conditions. Historically, such a rise in RSI has been followed by short-to-mid-term corrections.

This suggests that the price could be in for a pullback, especially if buying pressure weakens.

When RSI exceeds 70.0, it typically leads to a period of price consolidation or decline, as investors take profits and the market corrects itself. If the overbought conditions persist, HYPE could see a decline, reversing some of its recent gains.

HYPE shares a strong correlation with Bitcoin, with a current correlation coefficient of 0.97. This suggests that HYPE is likely to follow Bitcoin’s price movements closely. Given Bitcoin’s recent bullish trend, HYPE could potentially benefit from BTC’s continued rise. I

The correlation between HYPE and Bitcoin is significant, as BTC’s price fluctuations often impact altcoins, including HYPE. However, if Bitcoin faces a reversal, HYPE is likely to follow suit, experiencing a similar pullback or correction in price.

HYPE Price Aims To Form New ATH

HYPE’s price is currently trading at $47.94, having risen 20% over the last seven days. The altcoin formed a new ATH at $48.10, extending its bullish pattern this week.

However, the market faces overbought conditions, and historical patterns suggest the possibility of a correction. HYPE might encounter resistance if the overbought conditions lead to profit-taking.

Despite the overbought RSI, if HYPE continues its upward trajectory, it could push past the current ATH of $48.10. A sustained rally, supported by positive broader market conditions, may lead HYPE to reach $50.00 or higher, invalidating the bearish thesis.

If HYPE fails to maintain its current momentum, the altcoin could see a retracement. A drop back to $42.30 would erase a significant portion of the recent gains, as profit-taking pressures mount.

Losing this support level could signal further downside risk, especially if the market shows signs of broader weakness.

The post Hyperliquid’s 20% Rally May Be Short-lived Unless Bitcoin Saves It appeared first on BeInCrypto.