๐ Event Spotlight:
Pi Network makes waves as a Gold Sponsor at Token2049, one of the worldโs biggest crypto events, joining the likes of Circle and CoinEx. This marks Piโs second major public engagement in 2025, following its Consensus appearance in Toronto.
๐ Price Action:
Current Price: $0.3457
Key Support: $0.3220 (record low)
Resistance: $0.4021 (50-day EMA)
Bullish Target: $0.5000
Bearish Risk: Break below $0.3220 could drag PI to $0.2996
๐ Technical Outlook:
PI remains inside a falling channel formation.
After two days of heavy losses (including an 8% drop Sunday), bulls are trying to defend the bottom trendline.
A breakout above $0.4021 could signal a trend reversal and open doors for a rally.
โ ๏ธ Investor Sentiment:
Token2049 sponsorship restores visibility and confidence.
Yet, history warns โ during Consensus Toronto in May, PI lost 41% over just three days.
๐ Takeaway: Pi Networkโs presence at Token2049 boosts its brand visibility, but price action is still bearish-biased until $0.4021 is flipped into support. Bulls need strength; otherwise, a retest of $0.3220 is on the table.
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