$2.99 This ATH for $PI isn’t a pressure level—it’s a shadow. There are still 97.03% to go. For holders trying to get back to breakeven, they need to make 33x. New entrants glance at this number and the first reaction is always, “How can this still keep dropping?” The anchor is too big—so big that even a 7% move in a single day feels irrelevant.
But the market action over the past 30 days isn’t without structure. In mid-July, $0.077 was dumped on heavy volume to form a low. On July 20, it was pulled back to $0.0926 with $33.9M in volume. After that, it slowly bled lower with shrinking volume, and by August 5, volume was down to just $3.53M—selling pressure was nearing exhaustion. On August 6, volume jumped back to $12M, and price moved back above $0.09, though it didn’t hold.
What I care more about is the $7.49M figure today. Volume expands the next day but then pulls back—this suggests the probing capital hasn’t left, but it also hasn’t chased. A market-cap rank of #65 with a size of $978M doesn’t have the shape of something going to zero. The problem is that what it wants is sustained volume, not a one-day pulse.
The disagreement is actually quite specific: wait for it to build and hold with volume at $0.095 before moving, or take responsibility for a pullback from the current $0.088 level? If volume can shrink back below $5M and the price loses $0.083, then this probing move is just another pinprick. What’s hard for $PI isn’t understanding—it’s whether you dare to pay that small bit of uncertainty before the confirmation comes.
But the market action over the past 30 days isn’t without structure. In mid-July, $0.077 was dumped on heavy volume to form a low. On July 20, it was pulled back to $0.0926 with $33.9M in volume. After that, it slowly bled lower with shrinking volume, and by August 5, volume was down to just $3.53M—selling pressure was nearing exhaustion. On August 6, volume jumped back to $12M, and price moved back above $0.09, though it didn’t hold.
What I care more about is the $7.49M figure today. Volume expands the next day but then pulls back—this suggests the probing capital hasn’t left, but it also hasn’t chased. A market-cap rank of #65 with a size of $978M doesn’t have the shape of something going to zero. The problem is that what it wants is sustained volume, not a one-day pulse.
The disagreement is actually quite specific: wait for it to build and hold with volume at $0.095 before moving, or take responsibility for a pullback from the current $0.088 level? If volume can shrink back below $5M and the price loses $0.083, then this probing move is just another pinprick. What’s hard for $PI isn’t understanding—it’s whether you dare to pay that small bit of uncertainty before the confirmation comes.