The cryptocurrency PI is currently in a correction phase after reaching an all-time high of $3. The key support levels for PI are at $1.2, while the key resistance levels are at $1.5, $1.8, and $2. During the correction, the price dropped to $1.2 but then buyers pushed it back up to the key resistance at $1.5. If buyers manage to push PI above $1.5 and turn it into a key support, a relief rally could occur, potentially reaching $1.8 and beyond. The 4h MACD indicator suggests that momentum is about to turn bullish, which could encourage buyers to attempt a clean break above $1.5 and end the current correction.
Bitcoin, Solana and Crypto Markets Likely in ‘Classic Bear Trap’ Before Euphoric Move: InvestAnswers