$PI is currently trading inside a very tight range while the market waits for clarity around the Protocol 23 migration and node upgrade process. The recent extension of the migration deadline created uncertainty among traders, and price action clearly shows that buyers are still cautious. Right now, the market wants proof of strong infrastructure stability before pricing in bigger bullish expectations.
Technically, PI continues holding above the key $0.155 support area, which is acting as the main short-term demand zone. However, every attempt toward the $0.165 resistance keeps facing selling pressure, showing that bulls still need stronger momentum for a breakout confirmation. Until price closes above resistance with volume, traders should remain patient and avoid emotional entries.
๐ Key Support Levels:
$0.155 major support zone
$0.150 critical structural support
$0.145 strongest downside protection
๐ Resistance Levels:
$0.165 immediate resistance
$0.170 next breakout level
$0.180 major bullish target
๐ Short-Term Trade Setup:
Entry Zone: $0.155โ$0.158
Targets: $0.165 / $0.170
Stop Loss: Below $0.150
๐ Long-Term Swing Strategy:
Accumulation Area: $0.145โ$0.155
Targets: $0.180 / $0.200
Stop Loss: Weekly close below $0.140
The current structure shows a market waiting for confirmation instead of pure hype. Smart traders are focusing on support holds, breakout confirmations, and risk management rather than chasing news headlines. If the migration rollout succeeds smoothly and buyers regain confidence, PI could slowly build momentum for a stronger recovery phase in the coming weeks. ๐๐
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