The Pi Network is back in the spotlight. Gold sponsor at Token2049, the largest event in the cryptocurrency world. The second major public event this year. Investors seem excited. The price of PI has risen to $0.3457 after a small dip.

Recent price fluctuations? A bit of a wild ride. Almost hit that low again at $0.3220. However, managed to avoid it. Nevertheless, the overall situation looks quite bearish. A falling channel and all that.
Token2049 may change the situation. Nicholas Kokkalis could become the star of the show again. They have just launched the Linux Pi Node. This may help #PI recover.
But hey, remember last time? That Consensus event in Toronto. PI dropped sharply after that. By 41%. Ouch. So big events don't always mean big profits.
Technically speaking, PI shows some activity. Bulls are targeting the upper line of the channel. If it breaks above $0.4021, we could see a real rally. We might even reach $0.5000.
Indicators are scattered everywhere. RSI is neutral at 43. But those higher lows? Quite promising. MACD is also doing its job.
Looking ahead, this is a question for everyone. Will PI hold above $0.3220? Could it fall to $0.2996? Who knows. The Pi community is closely monitoring the situation. This project is still developing in the crazy world of cryptocurrency.
#GateSeptemberTransparencyReportComing $XRP