Technical Outlook For PI :

PI is trading around US$0.29–$0.30 on most major exchanges.

Volume is moderate; 24-hour trading volume is $110-130 million USD on CEXs.

The drop from the higher $0.35-$0.36 region appears substantial (≈ -17%) in many cases.

Your prior resistance zone ($0.37-$0.38) is now further out. With current price $0.29-$0.30, resistance zones to watch might be $0.32-$0.34, then $0.35-$0.37 if price tries to recover.

A breakout through ~$0.34 would be needed to regain confidence. Getting back to $0.36+ would require strong bullish catalysts.

Immediate support is closer to $0.27-$0.30 now, since the price is already down significantly from the previously assumed support range. If that fails, a lower cushion might be in the $0.22-$0.25 area.

Weakening support could lead to more downside unless demand shows up at those levels.

Likely RSI is more oversold than neutral now, or at least trending downward. Also the drop of 17% suggests bearish sentiment is stronger.

Short-term bounce possible if oversold, but medium-term trend still bearish unless moving averages are reclaimed.

Price is probably well below 50-, 100-, 200-day EMAs given the drop. Short-term EMAs might offer resistance if price tries to move up.

Until those longer-term EMAs are crossed, recovery is doubtful and bearish bias remains.

Strong resistance overhead with many levels that may punish failed breakout attempts.

Selling pressure / negative sentiment could increase near $0.30 area.

Tokenomics / supply issues or unlocks could add downward pressure.

Broader market risks (crypto wide) will matter: if altcoins are weak, PI likely follows.

#PI#
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