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PI remains in a severe macro bearish trend, having plummeted over 51% in the last 180 days. The recent +1.33% bounce to $PI 0.08193 is merely a temporary relief rally after hitting a new low of 0.07713.
The price is still trapped below all major moving averages (MA5: 0.08357, MA10: 0.08650, MA20: 0.08795), which now act as immediate resistance. For any meaningful trend reversal, bulls must reclaim the 0.0850 level with strong volume.
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