#CryptoRegulation

📊 Wyckoff Analysis – 1-Hour Time Frame

Applying the Wyckoff Method to PI's 1-hour chart reveals the following phases:

Phase A – Stopping the Downtrend:

Selling Climax (SC): PI dropped to an intraday low of $0.818, indicating strong selling pressure being absorbed by buyers.

Automatic Rally (AR): Following the SC, the price rebounded to an intraday high of $0.869, showing initial buying interest.

Secondary Test (ST): The price retested the $0.818 level, confirming support near the SC.

Phase B – Accumulation:

Price movements became range-bound, suggesting accumulation by informed investors.

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📐 Fibonacci Analysis – 1-Hour Time Frame

From a Fibonacci perspective, the retracement reached the 0.786 level around $0.56, a common reversal zone. If the trend reversal is confirmed, a retracement toward the 0.382 ($1.83) or 0.5 ($1.47) Fibonacci levels is likely.

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✅ Summary

Current Price: Approximately $0.844

Wyckoff Phase: Transitioning from Phase A (Stopping the Downtrend) to Phase B (Accumulation)

Fibonacci Levels: Potential retracement targets at $1.47 (0.5 level) and **$1.83 (0.382 level)**

Traders should monitor for confirmation of trend reversal and consider these technical levels when making trading decisions.