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๐ค PI Falls Below $1 as EMA Signals Turn Bearish
PI price has dropped 17% in the last 24 hours, falling back below the $1 mark and erasing much of its recent gains.
โ๏ธThe current price action is aligned with weakening technicals, as the EMA lines are tightening and hinting at possible death crossesโsignals often associated with further downside.
โ๏ธIf the correction continues, PI could test support at $0.90, and a break below that level might open the path to $0.78 or even $0.636.
โ๏ธStill, a reversal is not off the table. If bulls regain control, PI could bounce back to test resistance at $1.23. A clean move above that could pave the way for further upside toward $1.67 and $1.798.
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