Pi Network’s Token PI Tests Key Resistance at $0.34 Amid Conference Buzz
Pi Network's token PI is approaching a critical resistance level at $0.34. A sustained close above this could lead to a significant price rally. The token has traded sideways recently, and analysts are monitoring potential bullish reversals.
Dr. Chengdiao Fan, Pi Network's founder, will speak at TOKEN2049 in Singapore on October 1-2, 2025, discussing real-world utility of blockchain and Web3 opportunities. The conference is expected to draw over 25,000 attendees, including notable figures like Binance’s Richard Teng and TRON’s Justin Sun, along with members of the Trump family.
Community Feedback
- Some community members are optimistic about the event.
- Others criticize the project's focus, suggesting it should strengthen fundamentals.
- Recent reports indicate low transaction activity on both the testnet and mainnet.
- Declining exchange volumes and low governance participation have contributed to a $16 billion market cap loss over six months.
Currently, PI trades at $0.346, showing little movement. Analysts predict a potential mid-term rally, with a breakout above $0.35 leading to a target of $0.40.
The Bollinger Bands indicate low volatility, while the RSI suggests neutrality, allowing for either direction. A drop below $0.32 could increase bearish pressure towards $0.30.
PI price chart with RSI and Bollinger Bands | Source: TradingView