- Pi Coin is testing the $0.34 resistance, with analysts eyeing a breakout toward $0.40 if bulls hold momentum.
- Founder Dr. Chengdiao Fan will speak at TOKEN2049 in Singapore, boosting visibility with Pi Network as a Gold sponsor.
- Despite hype, low activity, falling liquidity, and a $16B market cap drop fuel skepticism over Pi’s long-term strength.
Pi Coin is suddenly back on trader watchlists, with the token hovering right at the $0.34 resistance line. Analysts say if bulls manage to keep it steady above this level, we could be looking at the start of a rally. For now, PI has been drifting sideways, but the market feels like it’s holding its breath.
Founder to Speak at TOKEN2049
The real spark here isn’t just charts—it’s people. Dr. Chengdiao Fan, the Pi Network’s founder, is set to take the stage at TOKEN2049 in Singapore this October. That’s one of the biggest industry events of the year, where the lineup already includes Binance’s Richard Teng, TRON’s Justin Sun, and even members of the Trump family. Oh, and Pi Network is rolling in as a Gold sponsor, giving it prime exposure to a crowd of more than 25,000 attendees.
Critics Question Fundamentals
Not everyone’s buying into the hype though. Critics argue Pi needs less conference glitter and more actual activity. Reports show the testnet and even the mainnet have been eerily quiet, while exchange volumes and liquidity have kept shrinking. PI’s market cap has taken a $16 billion hit in just six months, leaving some community members frustrated.
Technicals Hint at Breakout
Still, others think the setup looks like a coiled spring. Technicals show narrowing Bollinger Bands, hinting at an imminent breakout. A daily close above $0.35 could open the door toward $0.40, while failure might dump the price back to $0.32 or even $0.30. For now, Pi sits at $0.346—stuck in limbo but with eyes locked on Singapore for its next big move.
