- The PI coin has dropped to $0.803 regardless of the $100M Pi Network Ventures fund launch.
- The Pi Network Ventures fund targets startups to spice up PI’s real-world utility.
- Bearish technicals counsel PI could fall to $0.75 or decrease.
Pi Network’s Pi Coin has seen a drastic 10% drop in value over the previous 24 hours regardless of Pi Network saying a $100 million funding in startups because it launched the Pi Network Ventures.
Initially, the announcement sparked optimism amongst traders, however the market shortly 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 Might 14, Pi Network unveiled Pi Network Ventures, committing $100 million to foster startup innovation.
Particularly, the fund, held in Pi and USD, targets ventures enhancing PI’s real-world utility.
As an illustration, it helps startups in AI, FinTech, and e-commerce, integrating Pi into their operations.
Furthermore, the initiative attracts from the Pi Basis’s 10% token reserves.
Because of this, it goals to rework Pi right into a extensively used cryptocurrency.
Nonetheless, the dearth of particulars on undertaking choice has pissed off traders. Consequently, market sentiment soured post-announcement.
Moreover, the fund’s focus extends past blockchain to common tech sectors.
Due to this fact, it mirrors Silicon Valley enterprise capital methods.
Finally, this broad method seeks to strengthen Pi’s ecosystem for its 19 million KYC-verified customers.
However regardless of these ambitions, the announcement did not maintain bullish momentum.
As a substitute, PI’s value plummeted 26.2% inside 24 hours of the information.
Moreover, neighborhood complaints about sluggish migration processes after the Pi Network mainnet launch amplified promoting strain.
Nonetheless, the initiative affords startups entry to Pi’s international person base throughout 200+ nations, and it might drive long-term adoption, though the speedy market response stays overwhelmingly bearish.
PI coin value prediction
At press time, PI traded at $0.803, down 10.6% over the previous 24 hours in accordance with Coingecko information.
Considerably, the worth has breached the essential $1 psychological help degree.
Furthermore, technical evaluation reveals a bear flag sample on the 2-hour chart.
Consequently, this sample indicators potential additional declines to $0.75 and even $0.57.
Moreover, the 21-period EMA has crossed beneath the 50-day and 200-period EMAs, reinforcing bearish indicators.
Nonetheless, the Relative Power Index (RSI) signifies oversold situations, hinting at intense promoting strain.
Nonetheless, a bullish market reversal might push PI towards $1.25, aligning with the 0.618 Fibonacci degree.
Regardless of current losses, PI has remained 11.8% above the place it was seven days in the past, regardless of being 73.1% beneath its all-time excessive of $2.99 from February 2025.
Moreover, 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 may bolster PI’s restoration, and merchants ought to monitor the 50-day and 200-day EMAs as key resistance ranges.
Finally, PI’s short-term outlook hinges on market sentiment and ecosystem developments.
