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🔮 $PI Technical Analysis – Trend Reversal or More Downside?
📊 by Crypto News Updates
✅ 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 → could retest $0.5122
❌ Bearish Scenario (If price fails to hold $0.4900):
Support 1: $0.4850
Support 2: $0.4750 (recent low)
Breakdown Zone: Below $0.4750 → next support near $0.4600
---
📌 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 — no strong trend confirmation yet.
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