PI climbed to $0.086 on August 5, gaining 3.2% after holding at the upper trendline of a descending wedge. The retest matters because it signals the breakout earlier in the week was real, not a trap for buyers chasing false signals.
The token had broken below the wedge, then buyers stepped in just as price touched the critical line again. That confluence, at that exact level, is what traders call a proper reversal setup. Protocol 26 and RoboPay integrations sit in the background of this move. Neither is live yet, but both could reshape how PI flows through merchant ecosystems once they launch.
The immediate question now is whether momentum holds at $0.086 or if bulls need to prove themselves further. The next resistance zone sits around $0.10, a round number that tends to attract both sellers and institutional interest. If $0.086 holds as support, that level becomes the anchor for the next leg higher. Break below and we're back to testing the lower edge of the wedge.
Volume patterns during the bounce looked decent, though nothing approaching the spikes that accompanied the initial breakout. That's typical for retests. Conviction usually builds over the next few sessions, not all at once.
This is informational analysis of price action and technical levels. Not investment advice. Crypto markets move fast and retain significant downside risk.
