After looking at PI, although there is a short-term rebound, risks remain.
PI is driven by expectations of a ceasefire in the Israel-Hamas conflict and a general market rally, but the recurring geopolitical conflicts still present uncertainties.
The technical analysis shows that PI is at the end of a descending wedge, with the potential to rise to $0.62. The RSI has rebounded to 53, supporting a bullish outlook, but the MACD remains in the negative zone and needs to confirm a strengthening at 35.
If the conflict eases, PI may test $1; if it worsens, it could potentially retest the support at $0.4.
The current trend relies on market risk appetite, and caution is needed due to high volatility; a breakout requires accompanying volume.