|
Getting your Trinity Audio player ready...
|
- PI token is testing the crucial $0.34–$0.35 resistance level.
- TOKEN2049 Singapore could boost Pi Network’s visibility and adoption.
- Community remains divided as liquidity and fundamentals weaken.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Pi Network’s native token, PI, is trading near a critical resistance at $0.34, and analysts suggest that a breakout above this level could set the stage for a rally. Currently priced at $0.346, the token has moved mostly sideways over the past week, but momentum may soon shift as technical indicators hint at a potential breakout.
Key Resistance Levels in Focus
The $0.34–$0.35 resistance zone is attracting trader attention, with the Bollinger Bands narrowing around the 20-day SMA, signaling a build-up of momentum. Should PI close decisively above $0.35, bulls may push the token toward $0.40, with higher levels possible if volume strengthens. On the downside, a drop below $0.32 could bring renewed bearish pressure toward $0.30.
TOKEN2049 to Spotlight Pi Network
Optimism around Pi Network is also fueled by its upcoming presence at TOKEN2049 in Singapore on Oct. 1–2, 2025. Founder Dr. Chengdiao Fan will discuss blockchain’s real-world utility, while the project takes center stage as a Gold sponsor. The conference, expected to draw over 25,000 attendees, will also feature industry leaders like Binance CEO Richard Teng and TRON founder Justin Sun, alongside prominent political figures such as members of the Trump family.
Pi Network is facing a serious dilemma! Has everyone noticed? Recently, the Pi testnet (see: Figure 1) is almost unused. Before the open mainnet launch, each block on the testnet had dozens of transactions! Now the testnet usage rate is almost the same as the mainnet (Figure 2).… pic.twitter.com/q7eSLw0uiL
— Dr. Pi (@Pi_Coins) September 7, 2025
Mixed Community Sentiment
Despite the high-profile exposure, Pi Network faces criticism from its community. Concerns include declining liquidity, low governance activity, and reduced exchange volumes. Reports also suggest that testnet transactions remain minimal, reflecting broader network stagnation. These challenges contributed to a staggering $16 billion loss in market cap over the past six months.
Still, some analysts remain bullish, citing the possibility of a parabolic rally if adoption expands and market sentiment improves.
Also Read: Pi Network PI Surges 20% Amid Version 23 Upgrade and Institutional Listings
For now, PI’s path forward hinges on its ability to break above $0.35 resistance. If successful, traders could see renewed momentum and stronger investor confidence tied to TOKEN2049’s global stage. Conversely, failure to hold support at $0.32 could signal deeper struggles for the token in the months ahead.
With technicals hinting at an imminent move and TOKEN2049 providing a visibility boost, Pi Network stands at a crossroads. Whether it can turn optimism into lasting fundamentals remains the ultimate test.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
