📍PI is setting up a breakout after hitting a historical low of ~$0.32 on August 1st. On the daily chart, the MACD is about to cross positively, and the BB bands are narrowing, indicating that selling pressure is easing. The $0.37 area is a critical checkpoint: if it closes H4/D above this level with expanding volume, the price could rise to $0.40–$0.44; conversely, falling below $0.34 will quickly retest $0.32.

📌 The biggest barrier lies in the unlock schedule for August with about 160M PI (~$68M), which could create selling pressure if demand is not strong enough. Additionally, note the price difference between "PI" and "PI IOU" on exchanges — carefully check the quote source before placing orders to avoid scenario errors.

📌 Breaking $0.37 is just the beginning; to truly "change the trend," PI needs to reclaim and hold above $0.40, while also demonstrating that the market has enough liquidity to absorb the new supply.