PI experiences a brief rebound before a sharp decline, how will it break the deadlock?
#pi has dropped over 8.5% in the past seven days, falling below $0.65 for six consecutive days, and today it dropped below $0.60. The RSI has fallen from breaking 50 back to 45, with a bearish EMA.
The price hovers around a key support level, and the trend is undecided. It is below the Ichimoku Kinko Hyo chart; although the conversion line has broken above the baseline, the overall trend remains bearish.
The RSI has fallen below 50, retreating from a high position, and the growth momentum is slowing down, making it difficult for either bulls or bears to dominate.
However, if the trend reverses and buyers intervene, PI may rise to the resistance level of $0.648, followed by $0.682. Breaking through both levels (especially supported by trading volume and a bullish EMA crossover) could push the price towards $0.789, indicating a shift towards a more sustained upward trend.
