Pi Chart Update – Calm Before the Shift?
The recent activity on the Pi chart shows an interesting mix of resilience and recalibration. After touching a refreshing low around $0.40, the price made a healthy upward motion, printing a solid green candle that many would call a "breath" in a trending environment. This indicates the presence of attentive eyes on key price zones.
Although the structure is still dancing below the 7-day moving average, the price seems to be gathering thoughts just under the recent reaction zone near $0.63. The market appears to be testing the waters gently rather than rushing into new territory.
Trendlines are showing a modest downward incline, but the recent bounce speaks of potential storylines yet to unfold. For now, it's more about watching how the price negotiates these zones rather than predicting an immediate flip.
Key levels to watch:
Reflection point: $0.70
Observation base: $0.40
Let’s see if Pi continues its thoughtful consolidation or decides to step into a more confident phase.