{"content":"🌟 Pi Network Shines at Token2049 — But Can It Escape the Bearish Trap? Pi Network becomes Token2049's gold sponsor, indicating a second public engagement this year. PI avoids the record low $0.3220 retest by rising after two days of losses. It seems that the technical forecast favors the negative. After two days of freefall, Pi Network (PI) trades at $0.3457 on Tuesday, with bulls battling to hold above the record low of $0.3220. Investor mood improved when Token2049, the world's biggest crypto event, included Pi Network as a gold sponsor on its partnership website. The PI's negative technical outlook is supported by the downward trend inside a falling channel formation. Token2049 might provide Pi Network a public return. Pi Network, Circle, and CoinEx are Token2049's gold sponsors, according to the event's partnership website. This prompts discussions on Pi Network creator Nicolas Kokkalis, who returned to the public scene following Coindesk's Consensus event in Toronto from May 14 to 16. The initial expectation and Linux Pi Node debut may help PI regain its losses. Investors should recall that the coin lost 41% over the three-day Canadian Consensus event. This decline started a protracted correction. Pi Network struggles to recover. Pi Network's daily chart pattern of dropping channels continues, with Sunday's more than 8% decrease starting the present downcycle. PI is up over 1% today, with bulls hoping to return to the channel pattern's overhead trendline linking the May 21 and August 10 peaks. The overhead trendline and 50-day EMA at $0.4021 are moving together. A strong breakthrough over this level would start the breakout surge to $0.5000. If PI breaks the $0.3220 support level, it might fall to the S1 pivot level at $0.2996. #pi #PiNetwork #TrumpFamilyCrypto #DogeCoinTreasury #USGDPDataOnChain $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/02/cc4a29b031664f9dae4df8f238882142.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}