Overview
- The token climbed about 20% to roughly $0.086 on July 15 after a relief rally driven by softer U.S. CPI data and exhausted selling that drew short-term buyers.
- Technical signals showed extreme oversold conditions with a daily RSI near 15 and a bullish MACD crossover on short-term charts that helped trigger the rebound.
- Derivatives and volume metrics point to renewed trader activity as futures open interest rose from roughly $9.11 million to about $12.14 million and daily volume topped $27 million.
- Structural headwinds remain strong because scheduled July unlocks of roughly 103.7 million to 127 million PI have increased circulating supply and limited sustained buying, and no major exchange listings have been confirmed.
- Key levels to watch are the $0.075 support that has held so far and the $0.06793 161.8% Fibonacci extension, where a daily close below would likely invalidate the current rebound and risk further downside.