$PI $PI Under dual pressure from macro inflation and technical factors, short-term adjustment risk is relatively high.

In the market, 20% are optimistic, 50% are pessimistic, and the rest are neutral.

Optimistic views believe:
- PI found support in the $0.16-0.17 range, 4-hour chart shows signs of rebound, and buyers are stepping in.
- PI ranks in the top three on a certain platform's hot coin leaderboard, market heat still exists.

Pessimistic views believe:
- PI price is strongly suppressed by the 50-EMA at the $0.198 level, weekend rebound was rejected and trading volume shrank, forming a bearish divergence.
- PI has formed a standard head-and-shoulders top pattern, with the right shoulder formed at $0.192, if it breaks below the neckline at $0.167 it will target $0.093, representing a 45% downside.
- If March closes below the major support of $0.16, it will confirm a deeper adjustment, with risk expanding below $0.06.
- US February PPI rose 3.4% month-on-month exceeding expectations, core PPI at 3.9% hit a 13-month high, macro inflation pressure rises, market risk-aversion sentiment strengthens, entire crypto assets face selling pressure.
- Tensions in the Middle East, oil and gold strengthening, Fed hawkish stance reinforced, traders broadly lack confidence in a bull market leading to FOMO exits.