The prospects for May for Pi Network do not show a clear reversal in the context of selling pressure.

Pi fell 5.5% in 24 hours, down to $0.58, causing concern among investors, as some altcoins are bullish. The ongoing weakness in the price action of the Pi network adds to the worries. The price trend shows Pi moving independently of Bitcoin's rise, even though Bitcoin is approaching $100,000, indicating limited bullish potential. Investors are waiting for clear reversal signals before returning to the market, monitoring volume and momentum indicators to look for signs of stabilization. This requires clearer technical indicators before bullish sentiment can recover, while the current bearish trend is dominating the market. What does the CMF indicator reveal about market sentiment? Pi market data shows limited inflows, according to the Pi CMF indicator, which remains below 0. The continuous negative index indicates that outflows continue to dominate the trend of this asset. Occasional buying is continuously offset by selling pressure, preventing any significant recovery efforts. The lack of strong support from investors further highlights the pessimistic sentiment. With Pi CMF still below the important threshold, hopes for a meaningful recovery are gradually fading. Traders may remain cautious in May until inflows consistently push the indicator above 0. The consideration of the correlation between Pi and Bitcoin complicates the forecast for this asset. The inverse relationship of -0.11 indicates that Bitcoin's bullish phases may weaken the price of Pi. If Bitcoin continues to pursue new highs, Pi may face further pullbacks instead of growth. Such divergence diminishes Pi's expansion in environments that favor established digital currencies. Recognizing how Pi diverges in key market stages helps better assess the risks for this emerging cryptocurrency. This pattern underscores the importance of analyzing Bitcoin's correlation metrics alongside market sentiment, as divergence from overall trends provides critical insights. Why did the price of Pi decouple from the overall bullish trend of Bitcoin? In the past thirty days, the market value of Pi Network has decreased by nearly 25%, fueling pessimism surrounding this token. The current price of Pi is around $0.5775, raising concerns about breaking a critical support level. If the negative price action of the Pi token continues, the price could drop to $0.5192 or return to a low of around $0.4000. Its disconnection from Bitcoin suggests that bullish moves in the broader market could exacerbate Pi's decline. With both sentiment and technical indicators worsening, Pi's future hinges on new buying interest to prevent further declines. The failure to find support could lead to further drops. The innovative mobile mining model and community development of Pi Network initially sparked widespread enthusiasm and rapid adoption. Maintaining that growth momentum has proven to be challenging as investors prioritize projects with clear real-world applications. The weakening price action of Pi coin reflects this shift as doubts about the project's utility and transparency undermine confidence. Without establishing useful real-world functions and expanding the user base, the recovery of Pi seems distant. Furthermore, capital flow indicators show that significant investor participation has yet to return, complicating efforts to restore confidence. Can Pi recover after breaking out of the consolidation zone? The price of Pi Network has sharply fallen below the consolidation range of 0.65–0.68 dollars, sliding below 0.60 dollars with a volume of nearly 1.8 million. This price drop has turned the 0.60 dollar level from support to immediate resistance, while 0.50 dollars has emerged as a buying area. Any bullish move above the 0.60 dollar level, along with the RSI rising above 35, could trigger a slight recovery. Market participants should closely monitor these levels for signs of new buying interest and potential stabilization.

On the daily chart of the PI/USD, the 14-period RSI is still deeply oversold at around 25. This level signals a depletion of selling, although the oversold trend may continue in strong moves. At the same time, ADX has risen by nearly 47, confirming a sharp downtrend. These indicators imply that the current bearish momentum may have a lot of room to run, while the negative momentum may have slowed down significantly. Unless Pi regains $0.60 and the RSI recovers above 30, the possibility of a further decline to $0.55 and possibly $0.50 is possible. Will Pi lose its appeal in the cryptocurrency market? The price action of the Pi network fluctuates, highlighting a significant turning point for this altcoin, straining the trust and confidence of investors. The initial excitement now faces skepticism as Pi struggles to convert the hype into sustainable, long-term value. At the same time, the negative correlation with Bitcoin diminishes Pi's role in the broader bullish momentum. Pi may face further setbacks if there are no significant improvements in utility and new positive sentiment. Analysts urge investors to be cautious and closely monitor market indicators before supporting any recovery. With increased volatility and uncertain fundamentals, maintaining vigilance is still crucial for potential recovery plans.