In 2025, Pi Network became the gold sponsor of Token2049. This news has ignited hope in many people again. The PI price slightly rebounded to $0.3457. However, it is still trapped in a descending channel.

Token2049 is a grand event. Pi Network is sharing the stage with big brands like Circle, which feels quite impressive. It seems that this year Pi Network is planning to make some moves to boost the project.

However, investors shouldn't get too excited. Think about the Consensus event in May, when PI dropped 41% directly. Will it happen again this time? Who knows.

From a technical perspective, PI is still moving downwards. There is some resistance at $0.4021. If it can break through, it might reach $0.5000.

The RSI is at 43, it seems like it can still rise. The green bar of the MACD is getting smaller, if it turns red, it will be troublesome.

Going down, $0.3220 is a hurdle. If it falls below that, it might reach $0.2996.

In short, it is really hard to say about Pi Network. Token2049 is a good opportunity, but whether it can really rebound remains to be seen. Everyone should not get too excited; let's take a calm look at the market.