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Just checked PI's value and it's sitting at $0.15 right now, up less than 1% today. Not exactly the explosive move we saw before. But here's what caught my eye - the technical setup is still looking pretty sketchy. The Chaikin Money Flow is showing lower capital coming in even though price tried to bounce, which is a classic warning sign. That divergence between price and money flow usually doesn't end well.
The RSI is also flashing caution signals. We're not quite at overbought yet, but historically when PI value gets extended like this, reversals tend to follow. And if you look at the chart, we're stuck in this ascending flag pattern that typically resolves downward. Support at $0.175 is the level to watch - if that breaks, things could get messy fast and we might see $0.15 or even lower.
I'm not saying it's definitely going down, but the risk-reward right now doesn't look great. Unless we see some real buying pressure push PI value above $0.20, I'd be cautious about chasing this. The technicals are basically screaming 'take profits' right now.