Pi Network sponsors Consensus 2025 CoinDesk; $PI Price Analysis

• Pi Network will be an official sponsor of Consensus 2025
• Pi Network Powers DeFi and Web3 at Consensus 2025
• Pi Coin Price Surges to $0,62, Eyes Resistance at $1,09

Pi Network has announced that it will be an official sponsor of Consensus 2025, one of the most renowned events in the blockchain and cryptocurrency industry.

Scheduled to take place between May 14th and 16th, 2025, in Toronto, Canada, Consensus 2025 will feature the presence of Pi Network promoting its commitment to advancing decentralized finance, digital identity, and adoption in real-world applications. During the event, Pi Network will host panels, workshops, and a talk dedicated to building more accessible, user-centric Web3 experiences.

PI coin price analysis today

Pi Coin price has managed to stabilize above the $0,60 region and is attempting to form a solid base for a possible recovery in the near term. Currently, the crypto is trading close to $0,62 and is still below key Fibonacci retracement levels drawn from the $3,00 high to $0,40 low.

Currently, the main resistance is located at the $0,70 zone, an important psychological level. A break above this area could open the way for a stronger move towards the next major hurdle at $1,09, corresponding to the 23,6% Fibonacci retracement. Above this, the price could gain traction to test additional resistances at the $1,53 and $1,70 regions.

On the downside, initial support is near $0,50, a level that could support the price in any short-term corrections. A loss of this support would increase the risk of a decline towards the all-time low of $0,40.