$PI $PI Under dual pressure from macro inflation and technical headwinds, short-term correction risk is elevated.

Market sentiment: 20% bullish, 50% bearish, remainder neutral.

Bullish views:
- PI found support in the $0.16-0.17 zone with 4-hour chart showing rebound signals as buyers step in.
- PI ranks in top three on hot coins list on certain platforms, market momentum persists.

Bearish views:
- PI price faces strong resistance from 50-EMA at $0.198 level, weekend rebound rejected with shrinking volume forming bearish divergence.
- PI has formed a standard head-and-shoulders top pattern with right shoulder at $0.192; breaking below neckline at $0.167 targets $0.093, representing 45% downside.
- If March closes below major support at $0.16, deeper correction will be confirmed with risk expanding below $0.06.
- U.S. February PPI MoM growth of 3.4% exceeded expectations, core PPI 3.9% hit 13-month high, rising macro inflation pressure strengthens risk-off sentiment, entire crypto assets face selling pressure.
- Middle East tensions rising, crude oil and gold strengthening, Fed hawkish stance reinforced, traders lack confidence in bull case triggering panic exits.