Pi Network (PI) drops 10% due to sharp churn and the appearance of the death cross?

The Pi Network (PI) is down nearly 10% in the last 24 hours as numerous indicators point to growing bearish momentum. The DMI shows a clear transition from an uptrend to a downtrend, while the CMF data confirms an increase in outflows.
The EMA lines also warn of a potential death crossover that could trigger further losses. Here's an analysis of what the charts signal for the PI in the near term.
Bearish momentum builds as DMI PI Network moves into a downtrend
The DMI Pi Network chart (PI) shows a clear momentum shift, with the ADX dropping from 43.68 to 39.17 in the last two days.
Confirming this shift, the +DI (индикатор направления) fell sharply from 22.11 to 13.29, while the -DI rose from 11.32 to 30.95.
+DI represents bullish strength and -DI represents bearish strength, so this crossover and widening gap confirm that sellers are now in control. Such a setup usually indicates a continuation of the decline, especially if the -DI remains dominant and the ADX stabilizes or rises again, signaling a strengthening bearish trend.
Unless there is a sharp reversal in these indicators, the PI may remain under pressure in the near term.
Sales Pressure Intensifies as PI Network Outflows Accelerate
Chaikin's cash flow (CMF) Pi Network plummeted to -0.13, down from 0.07 just a day ago. CMF is a volume-based indicator that measures the flow of money into and out of an asset over a set period.
It ranges from -1 to +1, with positive values indicating buying pressure and negative values indicating selling pressure.
A sudden shift from positive to negative usually signals a change in sentiment and potential weakness ahead. CMF is now at -0.13, which suggests that churns are intensifying and sellers are becoming more active.
Such a drop often reflects a decline in demand and buyer uncertainty, especially if it is accompanied by lower prices or weakening momentum indicators.
If the CMF remains in negative territory, it could indicate sustained bearish pressure and the risk of a further decline in the PI unless strong inflows return soon.
Will the PI drop below $0.50?
The Pi network's EMA lines signal a potential death cross when the short-term moving average crosses below the long-term moving average.
This is usually seen as a bearish sign, often preceding a further decline. If confirmed, it could lead to a retest of the support level PI at $0.54.
A break below this level could open the door for a move below $0.50, especially if the overall momentum continues to weaken as analysts warn of the Pi Network's transparency following the collapse of Mantra's OM token.
A break above this level would be an early sign of a resumption of bullish momentum.
If this move continues and gains momentum, the next key target will be $0.789, which could be a major test of the strength of the recovery.