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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 DMI. Source: TradingView.

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 RSI. Source: TradingView.

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.

PI Price Analysis. Source: TradingView.

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.

Major crypto exchange Binance has issued an urgent warning to the crypto community, urging users to remain cautious in the face of mounting security risks. The alert comes as phishing scams, fraudulent schemes and other activities targeting crypto holders continue to surge.

Stay safe from fake Binance app scams! 🛡️Scammers are on the prowl. Learn how to spot and avoid fraud, phishing, and data theft.Read now 👇https://t.co/OkeK8xChEN

— Binance (@binance) February 27, 2025

In a tweet, Binance issued a warning on fake apps. For years, fake mobile apps have plagued the cryptocurrency market, deceiving both beginners and seasoned users. Here, criminals rely on users to download programs from unofficial platforms, anticipating that they will unintentionally send funds to fake wallet addresses.

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Binance pointed out that scammers can use fake mobile applications that resemble its official app to steal users’ sensitive data and digital assets. A way bad actors can siphon funds is by altering the QR code or wallet address during the withdrawal and deposit process.

What to do to stay safe?

A fraudulent app is carefully designed to mimic the original, rendering them practically indistinguishable at first glance. Once installed, these malicious apps can spy on user activity, steal personal information and even deplete cryptocurrency holdings - all without the user's knowledge.

In taking protective measures, users should always download programs from official channels to avoid installing fake apps. They should double-check deposit addresses before sending any funds. Similarly, they should take an extra step to verify the withdrawal addresses when withdrawing. They should verify the address for the second time, as fake apps can replace user addresses with fraudulent ones at this point.

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A trial transfer is a simple but effective approach to ensure that a transaction is going to the correct destination. Users should transfer a small amount first before making a larger deposit or withdrawal. However, they should exercise caution because some sophisticated fake apps allow small payments to be completed correctly to create trust. When a larger transaction is later attempted, the funds are redirected to the scammer's wallet.

As crypto adoption grows, so do security risks. Binance’s warning serves as a reminder for users to stay cautious and protect their assets against potential threats.