$PI has been on a continuous downtrend since its launch.
The selling pressure has been heavy, and it's clearly visible on the daily chart. In May, when PI hit $0.56, it rebounded up to $1.60—but unfortunately, that turned out to be just another luring pump before another drop.
Currently, the price is trying to hold the support trendline at $0.42. But will it hold this time and trigger a reversal? It's hard to say. The only confirmation of a bullish move would be a breakout above the resistance trendline.
Hope you're not stuck in this one.
Trade safely.
