Bullish views: - PI found support in the $0.16-0.17 range, 4-hour chart shows rebound signals, buyers stepping in. - PI ranks top three on a major platform's hot coins list, market heat remains.
Bearish views: - PI price heavily suppressed by 50-EMA resistance at $0.198 level; weekend rebound rejected with volume shrinkage, forming bearish divergence. - PI formed standard head-and-shoulders pattern with right shoulder at $0.192; breaking neckline support at $0.167 targets $0.093, downside risk of 45%. - Breaking key support at $0.16 at March close confirms deeper correction, risk extends below $0.06. - US February PPI beat expectations at +3.4% MoM, core PPI 3.9% hits 13-month high, macro inflation pressure rising, risk-off sentiment strengthening, entire crypto assets facing selling pressure. - Middle East tensions, oil and gold rallying, Fed hawkish stance reinforced, traders broadly lacking bull conviction driving stops and exits.
$PI $PI Facing dual pressure from macro inflation headwinds and technical resistance, near-term correction risks are elevated.
Market sentiment: 20% bullish, 50% bearish, remainder neutral.
Bullish views:
- PI found support in the $0.16-0.17 range, 4-hour chart shows rebound signals, buyers stepping in.
- PI ranks top three on a major platform's hot coins list, market heat remains.
Bearish views:
- PI price heavily suppressed by 50-EMA resistance at $0.198 level; weekend rebound rejected with volume shrinkage, forming bearish divergence.
- PI formed standard head-and-shoulders pattern with right shoulder at $0.192; breaking neckline support at $0.167 targets $0.093, downside risk of 45%.
- Breaking key support at $0.16 at March close confirms deeper correction, risk extends below $0.06.
- US February PPI beat expectations at +3.4% MoM, core PPI 3.9% hits 13-month high, macro inflation pressure rising, risk-off sentiment strengthening, entire crypto assets facing selling pressure.
- Middle East tensions, oil and gold rallying, Fed hawkish stance reinforced, traders broadly lacking bull conviction driving stops and exits.