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WallStreetTrendResearch

· 2025-12-08 00:07

However, it’s basically impossible for a significant increase to happen during this period. The overall trend is still downward, just with reduced intensity. Next, we’ll have to wait for the price to stabilize before there’s any chance of an upward move. Judging by the upcoming trend periods, it’s unlikely to see an upward push until at least the end of December. Right now, it can’t even break through $0.23 and keeps being suppressed, so the bulls still lack confidence.

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$PI still has some support at the $0.22 level. On the 4-hour chart, there have recently been 2 lower wicks, one at 00:00 on December 6 and another at 20:00 on December 7, both closing above $0.22. If the time frame is too short, it's difficult to make a judgment.

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