Why PI’s breakout wasn’t what it seemed: Network nears all-time low

The breakout to 0.66 USD was short-lived, resembling a dead cat bounce amidst an ongoing downtrend. This signals that traders should remain cautious as it indicates potential for further declines.

Indicators like the Balance of Power and MACD are showing continued sell pressure, reflecting weakened confidence among investors and the risk of PI sliding towards the all-time low of 0.40 USD.

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