Technical analysis by weslad about Symbol PI on 6/4/2025

After reaching a high of $2.9645, PIUSDT has experienced a sharp decline, establishing a base near the $0.38 zone. This base continues to hold, suggesting the formation of a potential descending triangle.For now, the strategy is to trade the range while the structure matures. A break below $0.38 would likely trigger further downside toward $0.16, where a strong external demand zone aligns with the completion of a possible WXY corrective formation.On the flip side, a breakout above the upper trendline of the triangle would be a strong bullish signal, potentially igniting a significant rally. Upside targets are already projected on the chart.As the structure develops, all eyes remain on the key levels that will determine the next major move.