PI Slips Back Into Downtrend – Eyes on $0.40 Support

PI has fallen back into its descending trendline after a brief breakout on June 25 failed to hold. Selling pressure remains dominant, increasing the risk of a drop toward the all-time low at $0.40.

If bearish momentum persists, further downside is likely. However, a spike in demand could invalidate this outlook and push PI back toward the $1.01 resistance.