๐ฎ $PI Technical Analysis โ Trend Reversal or More Downside?
๐ by Crypto News Updates
โ Bullish Scenario (If price breaks above $0.4950 & EMA resistance):
Target 1: $0.5000 (EMA20 resistance)
Target 2: $0.5050 (previous rejection level)
Breakout Zone: Above $0.5050 โ could retest $0.5122
โ Bearish Scenario (If price fails to hold $0.4900):
Support 1: $0.4850
Support 2: $0.4750 (recent low)
Breakdown Zone: Below $0.4750 โ next support near $0.4600
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๐ Summary
Market is trying to recover but still under EMA pressure.
$0.4950 is a key breakout level for short-term bullish movement.
As long as price stays below $0.500, trend remains weak/bearish.
Use caution โ no strong trend confirmation yet.