As of March 18, 2025, Pi Networks native cryptocurrency, PI, is experiencing significant bearish momentum. The token's market capitalization has declined from a peak of $19.2 billion in February to approximately $9.2 billion currently, reflecting a substantial decrease in investor confidence.

Over the past 30 days, PI has depreciated by 22 prsnt, with an additional 8 prsnt drop in the last 24 hours alone. This decline is attributed to increased selling pressure, particularly following the Know Your Customer (KYC) deadline, which has led to growing negative sentiment among investors.

Technical indicators further underscore the bearish outlook. The Average Directional Index (ADX) is at 18.3, indicating a weak trend, while the Positive Directional Indicator (+DI) has fallen to 16.1, and the Negative Directional Indicator has risen to 26.2. This widening gap suggests that sellers are currently dominating the market. Additionally, the Chaikin Money Flow (CMF) has dipped to -0.14, highlighting sustained selling pressure and weak accumulation.

Key support levels to monitor are at $1.10 and $0.90, while resistance levels are identified at $1.50, $1.80, and $2.00. If the current support at $1.23 is breached, PI could potentially fall below the $1.20 mark for the first time since February 22.

In summary, PI is facing considerable challenges, with technical indicators and market sentiment pointing towards continued bearish trends. Investors are advised to exercise caution and closely monitor these support and resistance levels, as well as overall market conditions, before making any investment decisions.