#PI Technical Analysis of PI: Price consolidating near support zone, market awaits direction
PI remains in a continuous consolidation phase, after experiencing a sharp correction from the peak at $0.28. Currently, the price stabilizes above the support zone of $0.200–$0.205, with repeated buying demand preventing further decline. Nevertheless, PI is still trading below key Fibonacci and EMA resistance levels, with the overall structure leaning neutral to bearish.
Current price action shows range contraction, reduced volatility, and the market is waiting for a breakout direction.
EMA Structure