The crypto market is often the stage for spectacular movements, where euphoria can propel an asset to dizzying heights before a brutal reversal sweeps everything away. Indeed, the Pi Network (PI) embodies this phenomenon today in all its excess, with a surge of 35% in its price on February 26, 2025, and a trading volume that exceeds $2.3 billion, with a market capitalization approaching $16 billion. While some investors see this as a sign of a bullish rally still in the acceleration phase, others fear an imminent correction, reinforced by contradictory technical indicators. Is this resurgence of interest in PI the beginning of a lasting ascent or simply a flash in the pan doomed to extinguish quickly?