PI Coin fell to $0.803 despite the launch of the $100 million PI Network Ventures Fund. The PI Network Ventures Fund targets startups to enhance PI implementation utility. Bearish techniques suggest that PI could drop below $0.75.
PI Network’s PI Network has dropped 10% in prices over the past 24 hours, despite announcing a $100 million startup investment when launching PI Network Ventures.
Initially, the announcement sparked optimism among investors, but the market quickly became bearish.
As a result, PI is currently trading at a recent peak of $1.65 to $0.803.
This sharp decline suggests a classic “selling news” response, with technical indicators pointing to further downside risks.
PI Network Ventures launch
On May 14, PI Network announced its PI Network venture and committed $100 million to drive innovation in startups.
Specifically, funds held at PI and USD target ventures that enhance the PI’s substantial utility.
For example, it supports AI, Fintech, and e-commerce startups and integrates PI into operations.
Additionally, this initiative will be drawn from the PI Foundation’s 10% token reserve.
As a result, they aim to convert PI into widely used cryptocurrency.
However, the lack of details on project selection makes investors frustrating. As a result, market sentiment encouraged sourness after the announcement.
Furthermore, the focus of the fund extends beyond blockchain to the general technology sector.
Therefore, it reflects the Silicon Valley venture capital strategy.
Ultimately, this broad approach is trying to bolster the PI ecosystem of 19 million KYC validation users.
However, despite these ambitions, the announcement failed to maintain bullish momentum.
Instead, the price of the PI plummeted 26.2% within 24 hours of the news.
Furthermore, community complaints about the slow moving process after launch of the PI network mainnet amplified sales pressure.
Nevertheless, the initiative could provide startup access to a global user base of PIs in over 200 countries and promote long-term adoption, but the immediate market response is overwhelmingly bearish.
PI Coin Price Prediction
At the time of pressing, PI traded at $0.803, down 10.6% in the last 24 hours, according to Coingecko data.
Importantly, prices violate important dollar psychological support levels.
Furthermore, technical analysis reveals the bear flag pattern on a two-hour chart.
Therefore, this pattern indicates that potential is further reduced to $0.75 or $0.57.
Furthermore, the EMA for the 21st period is below the EMA for the 50-day period and the 200th period, reinforcing bearish signals.
However, the relative strength index (RSI) indicates over-conditions of sales, which suggest a strong sales pressure.
However, a bullish market reversal could push the PI to $1.25 to match the 0.618 Fibonacci level.
Despite recent losses, the PI is above the 11.8% seven days ago, despite 73.1% below its all-time high of $2.99 since February 2025.
Furthermore, trading volumes have grown by 11%, accounting for 14% of its market capitalization of $5.755 billion.
This reinforced activity highlights the market’s response to the venture’s announcement, and looking ahead, the failure of PI Coin to regain a dollar could boost the bearish momentum.
Conversely, broader crypto market rallysers could enhance PI recovery, with traders having to monitor EMA for 50 and 200 days as the main resistance level.
Ultimately, the short-term outlook for PI depends on market sentiment and ecosystem development.
