- The PI coin has dropped to $0.803 despite the $100M Pi Network Ventures fund launch.
- The Pi Network Ventures fund targets startups to spice up PI’s real-world utility.
- Bearish technicals recommend PI could fall to $0.75 or decrease.
Pi Network’s Pi Coin has seen a drastic 10% drop in price over the previous 24 hours despite Pi Network asserting a $100 million funding in startups as it launched the Pi Network Ventures.
Initially, the announcement sparked optimism amongst traders, however the market rapidly turned bearish.
Consequently, PI now trades at $0.803, down from a current excessive of $1.65.
This sharp decline suggests a traditional “sell the news” response, with technical indicators pointing to additional draw back dangers.
The Pi Network Ventures launch
On May 14, Pi Network unveiled Pi Network Ventures, committing $100 million to foster startup innovation.
Specifically, the fund, held in Pi and USD, targets ventures enhancing PI’s real-world utility.
For occasion, it helps startups in AI, FinTech, and e-commerce, integrating Pi into their operations.
Moreover, the initiative attracts from the Pi Foundation’s 10% token reserves.
As a outcome, it goals to rework Pi right into a broadly used cryptocurrency.
However, the shortage of particulars on venture choice has pissed off traders. Consequently, market sentiment soured post-announcement.
Additionally, the fund’s focus extends past blockchain to basic tech sectors.
Therefore, it mirrors Silicon Valley enterprise capital methods.
Ultimately, this broad method seeks to strengthen Pi’s ecosystem for its 19 million KYC-verified customers.
But despite these ambitions, the announcement didn’t maintain bullish momentum.
Instead, PI’s price plummeted 26.2% inside 24 hours of the information.
Furthermore, neighborhood complaints about sluggish migration processes after the Pi Network mainnet launch amplified promoting strain.
Nevertheless, the initiative presents startups entry to Pi’s world person base throughout 200+ nations, and it might drive long-term adoption, though the instant market response stays overwhelmingly bearish.
PI coin price prediction
At press time, PI traded at $0.803, down 10.6% over the previous 24 hours in line with Coingecko data.
Significantly, the price has breached the crucial $1 psychological assist degree.
Moreover, technical evaluation reveals a bear flag sample on the 2-hour chart.
Consequently, this sample alerts potential additional declines to $0.75 and even $0.57.
Additionally, the 21-period EMA has crossed below the 50-day and 200-period EMAs, reinforcing bearish alerts.
However, the Relative Strength Index (RSI) signifies oversold situations, hinting at intense promoting strain.
However, a bullish market reversal might push PI towards $1.25, aligning with the 0.618 Fibonacci degree.
Despite current losses, PI has remained 11.8% above the place it was seven days in the past, despite being 73.1% below its all-time excessive of $2.99 from February 2025.
Furthermore, buying and selling quantity has surged 11%, comprising 14% of the $5.75 billion market cap.
This heightened exercise underscores the market’s response to the Ventures announcement, and searching forward, the failure of Pi coin to reclaim $1 might intensify bearish momentum.
Conversely, a broader crypto market rally would possibly bolster PI’s restoration, and merchants ought to monitor the 50-day and 200-day EMAs as key resistance ranges.
Ultimately, PI’s short-term outlook hinges on market sentiment and ecosystem developments.
