PI is found in a correction after its ATH.

Key Support levels: $1.2

Key Resistance levels: $1.5, $1.8, $2

1. Correction Ongoing

After its all-time high at $3, PI entered a correction which took the price to $1.2 over the past weekend. Buyers returned there to push it back up to the key resistance at $1.5. While the resistance did not break at that time, another attempt could soon follow.

Chart by TradingView

2. Key Resistance Holds Up Recovery

The ongoing correction may be coming to an end if buyers manage to push PI above $1.5 and turn that level into a key support. If successful, this cryptocurrency could see a nice relief rally that could take it towards $1.8 next.

Chart by TradingView

3. Momentum Turning Bullish

On the 4h MACD, we can clearly see that momentum is about to flip bullish. This may soon encourage buyers to return and attempt a clean break above $1.5. If so, there is a good chance the current correction may end and see this cryptocurrency return on an uptrend towards $1.8 and beyond.

Chart by TradingView