Price still drifting down, touching the lower band again. On the 1h chart, momentum is weak but slowing a bit. RSI sits low — so either a small bounce or a slow grind down can happen from here.
Short-term: Holding around 0.22 for now. If buyers show up, a bounce to 0.228–0.234 is possible. If pressure stays, we might revisit 0.215–0.208.
Mid-term: Depends on whether candles can close above the short MAs. A break above them would shift momentum slightly upward. If not, the trend stays soft-bearish.
Outlook range: I’m watching three paths — • Trend continuation: slow drop • Soft bounce: small recovery toward mid-levels • Bearish extension: dip toward recent lows
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$PI Quick update on PI market:
Price still drifting down, touching the lower band again. On the 1h chart, momentum is weak but slowing a bit. RSI sits low — so either a small bounce or a slow grind down can happen from here.
Short-term:
Holding around 0.22 for now. If buyers show up, a bounce to 0.228–0.234 is possible. If pressure stays, we might revisit 0.215–0.208.
Mid-term:
Depends on whether candles can close above the short MAs. A break above them would shift momentum slightly upward. If not, the trend stays soft-bearish.
Outlook range:
I’m watching three paths —
• Trend continuation: slow drop
• Soft bounce: small recovery toward mid-levels
• Bearish extension: dip toward recent lows
Just sharing my view — not financial advice.