The crypto market has experienced a significant decline, leading to a loss of $160 billion in total market capitalization. PI, a popular altcoin, has also been affected, losing 24% of its value. However, technical indicators suggest that there may be a rebound on the horizon for PI. The Relative Strength Index (RSI), which measures overbought and oversold market conditions, is indicating that selling pressure might be nearing exhaustion. The RSI for PI is currently at 31.36, indicating potential for a price rebound if buyers step in. Additionally, PI's price has broken below the lower line of its Bollinger Bands indicator, confirming sellers' exhaustion and potential for a trend reversal. If there is an increase in demand for PI, it could see a rebound towards its all-time high of $3, representing a 44% increase from its current value. However, if demand does not pick up, the price could further decline towards $1.62.



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