#PI – Is a new downtrend on the horizon? 📉🤔

The weekly trend shows a clear decline, with continued red candles.

However, the Relative Strength Index (RSI) indicates bullish divergence, suggesting weak selling momentum.
The price movement hints at the potential formation of a double bottom with a neckline at $0.25-$0.29. A breakout above the neckline is needed for confirmation.

To maintain the reversal scenario, the $PI stock must consolidate or break out. Otherwise, a new downtrend is likely to form ⚠️
#PIUSDT
$PI