PI coin price prediction as it drops below $1 despite $100m Pi Network Ventures launch
-
The
PI
coin
has
dropped
to
$0.803
despite
the
$100M
Pi
Network
Ventures
fund
launch. -
The
Pi
Network
Ventures
fund
targets
startups
to
boost
PI’s
real-world
utility. -
Bearish
technicals
suggest
PI
may
fall
to
$0.75
or
lower.
Pi
Network’s
Pi
Coin
has
seen
a
drastic
10%
drop
in
price
over
the
past
24
hours
despite
Pi
Network
announcing
a
$100
million
investment
in
startups
as
it
launched
the
Pi
Network
Ventures.
Initially,
the
announcement
sparked
optimism
among
investors,
but
the
market
quickly
turned
bearish.
Consequently,
PI
now
trades
at
$0.803,
down
from
a
recent
high
of
$1.65.
This
sharp
decline
suggests
a
classic
“sell
the
news”
reaction,
with
technical
indicators
pointing
to
further
downside
risks.
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
instance,
it
supports
startups
in
AI,
FinTech,
and
e-commerce,
integrating
Pi
into
their
operations.
Moreover,
the
initiative
draws
from
the
Pi
Foundation’s
10%
token
reserves.
As
a
result,
it
aims
to
transform
Pi
into
a
widely
used
cryptocurrency.
However,
the
lack
of
details
on
project
selection
has
frustrated
investors.
Consequently,
market
sentiment
soured
post-announcement.
Additionally,
the
fund’s
focus
extends
beyond
blockchain
to
general
tech
sectors.
Therefore,
it
mirrors
Silicon
Valley
venture
capital
strategies.
Ultimately,
this
broad
approach
seeks
to
strengthen
Pi’s
ecosystem
for
its
19
million
KYC-verified
users.
But
despite
these
ambitions,
the
announcement
failed
to
sustain
bullish
momentum.
Instead,
PI’s
price
plummeted
26.2%
within
24
hours
of
the
news.
Furthermore,
community
complaints
about
slow
migration
processes
after
the
Pi
Network
mainnet
launch
amplified
selling
pressure.
Nevertheless,
the
initiative
offers
startups
access
to
Pi’s
global
user
base
across
200+
countries,
and
it
could
drive
long-term
adoption,
although
the
immediate
market
reaction
remains
overwhelmingly
bearish.
PI
coin
price
prediction
At
press
time,
PI
traded
at
$0.803,
down
10.6%
over
the
past
24
hours
according
to
Coingecko
data.
Significantly,
the
price
has
breached
the
critical
$1
psychological
support
level.
Moreover,
technical
analysis
reveals
a
bear
flag
pattern
on
the
2-hour
chart.
Consequently,
this
pattern
signals
potential
further
declines
to
$0.75
or
even
$0.57.
Additionally,
the
21-period
EMA
has
crossed
below
the
50-day
and
200-period
EMAs,
reinforcing
bearish
signals.
However,
the
Relative
Strength
Index
(RSI)
indicates
oversold
conditions,
hinting
at
intense
selling
pressure.
However,
a
bullish
market
reversal
could
push
PI
toward
$1.25,
aligning
with
the
0.618
Fibonacci
level.
Despite
recent
losses,
PI
has
remained
11.8%
above
where
it
was
seven
days
ago,
despite
being
73.1%
below
its
all-time
high
of
$2.99
from
February
2025.
Furthermore,
trading
volume
has
surged
11%,
comprising
14%
of
the
$5.75
billion
market
cap.
This
heightened
activity
underscores
the
market’s
reaction
to
the
Ventures
announcement,
and
looking
ahead,
the
failure
of
Pi
coin
to
reclaim
$1
could
intensify
bearish
momentum.
Conversely,
a
broader
crypto
market
rally
might
bolster
PI’s
recovery,
and
traders
should
monitor
the
50-day
and
200-day
EMAs
as
key
resistance
levels.
Ultimately,
PI’s
short-term
outlook
hinges
on
market
sentiment
and
ecosystem
developments.
Comments are closed.