$PI FACING STRONG RESISTANCE β DOWNSIDE RISK AHEAD?
Pi Network is struggling to break past a key resistance zone at $1.9948, showing signs of potential weakness. If buyers fail to push the price higher, a further decline could be on the horizon.
π Key Levels to Watch
πΊ Resistance: $1.9948 β A breakout above this could send PI toward $2.0364.
π» Support: $1.5708 β Losing this level may drive PI lower toward $1.5682.
π― Trade Setup β Maximize the Move!
π Long Entry: If PI reclaims $1.9948, it could rally toward $2.0364.
π Short Entry: A rejection at $1.9948 could trigger a drop toward $1.5708.
π¨ Stop-Loss: Above $2.0500 to manage risk.
π Market Insights β Whatβs Driving This Move?
β Bearish Pressure: PI is struggling at resistance, facing seller dominance.
β Breakdown Risk: Losing $1.7978 could accelerate selling momentum.
β Consolidation Phase: PI has been ranging, waiting for a breakout or breakdown.
π‘ Final Thought: PI must break $1.9948 for a bullish push. Otherwise, further downside toward $1.5708 remains likely.
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