PI Price Update: Is Another Bearish Move Coming?
PI is currently trading around $0.086, down roughly 5% over the past week. The market is still struggling to establish a convincing bullish structure.
Here’s what I’m watching now. 👇
The Bearish Case
The previous Elliott Wave setup pointed toward another potential downside leg.
While Elliott Wave counts are subjective, the broader price structure remains important.
PI is currently hovering close to the $0.084–$0.086 support zone.
A clean break below this area could put the recent lows back in focus.
📍 Key Levels
🟢 Support: $0.084–$0.086
🔴 Resistance: $0.096–$0.100
The $0.084 area is particularly important for buyers.
If it holds, PI could attempt another recovery.
But if sellers push price below it, the $0.0828 area becomes an important downside level to watch.
On the other hand, bulls need to reclaim $0.096–$0.100 and hold above it.
A sustained move above $0.10 would weaken the current bearish setup and could open the door toward higher resistance.
🐻 What Bears Want
A rejection below $0.096–$0.100.
Then a breakdown below $0.084.
That would strengthen the argument for another downside move.
🐂 What Bulls Need
Hold the current support.
Reclaim $0.096.
Then break and hold above $0.10.
Until that happens, the market remains in a zone where both sides have something to prove.
One thing is clear:
The old $0.13 / $0.175 / $0.19 levels from the original analysis are no longer the most relevant short-term reference points.
PI has moved significantly since then, so the chart needs to be updated with current levels.
Technical analysis isn't a guarantee.
Elliott Waves, Fibonacci levels, volume and momentum are tools for assessing probability, not certainty.
Always manage your risk accordingly.
Current PI price: ~$0.086.
So what comes next?
Break $0.10 and recover?
Or lose $0.084 and retest the lows?
What’s your view on PI right now — bullish or bearish? 👇
$PI
Not financial advice. Do your own research before trading.
PI is currently trading around $0.086, down roughly 5% over the past week. The market is still struggling to establish a convincing bullish structure.
Here’s what I’m watching now. 👇
The Bearish Case
The previous Elliott Wave setup pointed toward another potential downside leg.
While Elliott Wave counts are subjective, the broader price structure remains important.
PI is currently hovering close to the $0.084–$0.086 support zone.
A clean break below this area could put the recent lows back in focus.
📍 Key Levels
🟢 Support: $0.084–$0.086
🔴 Resistance: $0.096–$0.100
The $0.084 area is particularly important for buyers.
If it holds, PI could attempt another recovery.
But if sellers push price below it, the $0.0828 area becomes an important downside level to watch.
On the other hand, bulls need to reclaim $0.096–$0.100 and hold above it.
A sustained move above $0.10 would weaken the current bearish setup and could open the door toward higher resistance.
🐻 What Bears Want
A rejection below $0.096–$0.100.
Then a breakdown below $0.084.
That would strengthen the argument for another downside move.
🐂 What Bulls Need
Hold the current support.
Reclaim $0.096.
Then break and hold above $0.10.
Until that happens, the market remains in a zone where both sides have something to prove.
One thing is clear:
The old $0.13 / $0.175 / $0.19 levels from the original analysis are no longer the most relevant short-term reference points.
PI has moved significantly since then, so the chart needs to be updated with current levels.
Technical analysis isn't a guarantee.
Elliott Waves, Fibonacci levels, volume and momentum are tools for assessing probability, not certainty.
Always manage your risk accordingly.
Current PI price: ~$0.086.
So what comes next?
Break $0.10 and recover?
Or lose $0.084 and retest the lows?
What’s your view on PI right now — bullish or bearish? 👇
$PI
Not financial advice. Do your own research before trading.