$PI Bullish Reversal on Falling Wedge Pattern Near Breakout

$PI is currently trading within a declining wedge pattern on the 30-minute chart, indicating a typical bullish reversal setup that often leads to strong upward breakouts. The price experienced a sharp pullback after reaching a peak close to $0.4722. Lower highs and lower lows are steadily forming within the wedge. There is strong demand observed in the zone between $0.4410 and $0.4430. Volume is becoming compressed as the wedge narrows, suggesting a breakout could occur soon. Support levels are identified at $0.4410 (the wedge base and local low) and $0.4375 (area that invalidates breakdown). Resistance levels are marked at $0.4520 (immediate breakout level) and $0.4620 (confirmation of upside follow-through). If $PI breaks above the resistance at around $0.4520, a quick rally towards $0.46 and potentially retesting highs around $0.47 to $0.50 is possible. Conversely, a breakdown below the wedge would delay the bullish move, with traders watching volume and candle closes for confirmation.