After a brief rebound, PI plummets again. How will the situation be resolved?

In the past seven days, it has fallen over 8.5%, dropping below $0.65 for six consecutive days, and today it fell below $0.60. The RSI has dropped from breaking 50 to 45, indicating a bearish EMA.

The price hovers around a key support level, with the trend undecided. It is below the Ichimoku Kinko Hyo, although the conversion line has broken above the baseline, the overall trend remains bearish.

The RSI has dropped below 50, retreating from a high position, and growth momentum is slowing, making it difficult for either bulls or bears to dominate for now.

However, if a trend reversal occurs and buyers step in, PI may rise to the resistance level of $0.648, followed by $0.682.

Breaking through both (especially under the support of increased volume and bullish EMA crossover) could push the price towards $0.789, indicating a shift towards a more sustained upward trend.

Are market fluctuations troubling you? Are you being misled in your operations? Feel free to communicate for clarification.

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