$PI is locked inside a classic falling wedge pattern on the 1H chart — a formation often associated with potential bullish reversals.

Price action has consistently respected both the upper and lower trendlines, grinding lower with weakening momentum. We’re now sitting at the wedge’s lower boundary, which has historically triggered sharp bounces.

Falling wedges often precede trend reversals or explosive breakouts.

A breakout above the wedge and reclaim of $0.75–$0.78 could signal a trend shift.

Until then, downside remains possible — keep an eye on support around $0.69–$0.70.