TOKEN2049: The Innovative Blockchain Conference that Sets Trends

Pi Network has become a prominent sponsor of TOKEN2049, positioning itself as one of the main players in the most important event in the blockchain industry. This participation marks Pi Network's second significant public appearance in 2025, generating expectations in the crypto community.

Technical Analysis of the Price of PI

The PI token is currently priced at $0.3457, showing a recovery after two days of consecutive declines. Technical indicators suggest:

• RSI: It remains at 43, near the midpoint, forming higher lows.
• MACD: Shows a decrease in the green histogram bars, with the average lines approaching a possible convergence.
• Descending Channel Pattern: Remains valid on the daily chart, with the recent bearish cycle initiated by a drop of more than 8% on Sunday.

The 50-day Exponential Moving Average (EMA) is at $0.4021, near the upper trend line of the channel.

Implications of Sponsorship in TOKEN2049

Pi Network's participation as a gold sponsor at TOKEN2049 could have the following implications:

1. Greater Visibility: Significant exposure to institutional investors and industry leaders.
2. Catalytic Potential: Possible positive impact on investor sentiment and the price of the token.
3. Network Development: Opportunities to establish strategic partnerships and expand the ecosystem.

However, it is important to consider that during the Consensus event in May, PI experienced a drop of 41%, marking the beginning of a prolonged correction.

Market Outlook for PI

The current technical analysis suggests:

• Key Resistance: $0.4021 ( 50-day EMA )
• Critical Support: $0.3220 (recent historical minimum)
• Bullish Target: $0.5000 (important psychological level)

The bullish divergence between the price and the RSI increases the chances of a recovery. However, a break below $0.3220 could extend the drop towards the support level S1 at $0.2996.

Trading Volume and Liquidity

The trading volume of PI has shown significant fluctuations:

Liquidity has remained relatively stable, with an average bid-ask spread of 0.8% on major trading platforms.

Correlation with the General Market

PI has shown a moderate correlation with the cryptocurrency market in general:

• Correlation with Bitcoin: 0.65
• Correlation with Ethereum: 0.72

These data suggest that PI maintains some independence in its price movements, but is still influenced by broader market trends.