The Pi Network token, PI, traded near ₹30.3, continuing the crypto’s horizontal movement in the current month. PI coin has been in a veritable downtrend for some time now. The token has refused to respond to any stimuli recently, despite the hopium-infused fans sharing increasingly wild posts on social media.
Pi Network’s recent announcement that a founding member would speak at TOKEN2049 has become a talking point for the project’s fans. The event sponsoring move stirred optimism even as questions about the project’s credibility arose.
Network’s TOKEN2049 Push Meets Lingering Questions
Pi Network’s decision to sponsor TOKEN2049 in Singapore, alongside a scheduled talk by co-founder Dr. Chengdiao Fan, was promoted heavily across its community.
Users framed the appearance as a landmark moment, pointing to the scale of the event and its visibility in global crypto circles. For many, the sponsorship and stage presence signaled that Pi had moved closer to mainstream recognition. Moreover, the excitement followed months of subdued PI token price action, leaving some to view the conference as a badly needed catalyst.
Yet, critical voices continued to surface outside the community’s echo chamber. X user Cedric Beau shared concerns about Pi’s structure and transparency. His post recalled how long-time miners abandoned the project after facing opaque migration hurdles and a KYC process that lacked clarity.
Beau argued that after six years, Pi still did not provide basic blockchain infrastructure—no public explorer, no open validator list, and no endpoints for developers. Furthermore, he emphasized that the mainnet remained inaccessible and under the core team’s control.
Despite the sharp tone, such critiques drew far less attention than the TOKEN2049 sponsorship push. Community channels circulated event posters, past statements, and speculation about potential partnerships. Meanwhile, uncomfortable questions about transparency, infrastructure, and decentralization struggled to break into wider discussion.
Pi Network presented itself as an emerging player in global crypto forums. However, questions about whether the network has delivered fundamental on-chain metrics continue to arise. The lack of engagement with these questions suggested a reluctance to address technical accountability.
Pi Coin Remains Apathetic
While Pi Network fans continued sharing their hopium-fueled predictions, Pi coin price traded near ₹30.4 after another session of muted action. Sellers kept the market heavy, and momentum failed to recover. The structure remained weak, with price drifting sideways under firm resistance.
Pi coin had immediate resistance near ₹31. Flipping the immediate resistance would target the resistance near ₹35. A further breakout would bring resistance near ₹40 into play. Each level aligned with past rejection zones, adding weight to their significance.
The 20-day and 50-day exponential moving averages pressed against short-term rebounds. Both averages sloped downward, reinforcing selling pressure at higher ranges. Attempts to extend gains struggled against these technical ceilings, leaving bulls without confirmation.
Meanwhile, further downtrend would see the PI INR pair test the support levels near ₹27 and ₹21 into play.
Additionally, market sentiment reflected hesitation. Traders monitored the resistance levels closely, but conviction remained low. Without stronger inflows, PI price risked continued stagnation inside the range. The technical picture suggested that only a decisive move above resistance could shift sentiment toward recovery.
Until then, Pi coin’s trend remained fragile. Resistance near ₹31, ₹35, and ₹40 stood as key hurdles. Above all, failure to clear them would likely keep the token subdued, with short-term action dictated by pressure from moving averages and weakening momentum.
