- Pi Coin fell to $ 0.803 despite the launch of $ 100 million in PI Network Ventures Fund.
- PI Network Ventures Fund is to increase the actual utility of PI for new companies.
- According to the weak technology, the PI can drop to $ 0.75 or less.
Pi Network’s PI COIN has dropped sharply in the last 24 hours, despite the fact that PI Network started a PI Network venture and announced $ 100 million in new companies.
The first announcement caused optimism among investors, but the market quickly changed.
As a result, the PI has recently fallen from $ 1.65 to $ 0.803.
This rapid decline suggests a classic “news sales” response, pointing out more disadvantages with more disadvantages.
Release PI Network Venture
On May 14, PI Network announced a PI network venture to invest $ 100 million to promote startup innovation.
In particular, the fund, which is held on PI and USD, is available for ventures that improve the actual utility of the PI.
For example, it supports PI into work by supporting startups of AI, FINTECH and e -commerce.
In addition, this initiative comes from 10% token reserves of PI Foundation.
As a result, the goal is to convert PI into a widely used cryptocurrency.
However, the lack of details on the project selection frustrated investors. As a result, the market sentiment sprayed shoes after the presentation.
The focus of the fund is also expanded beyond the blockchain to the general technology sector.
Therefore, it reflects the Silicon Valley Venture Capital Strategy.
Ultimately, this extensive approach is to strengthen the ecosystem of PI for the 19 million KYC verification users.
However, despite this ambition, the presentation did not maintain the strong driving force.
Instead, the price of PI plunged 26.2% within 24 hours after the news.
In addition, after starting the PI Network Mainnet, community complaints about the slow migration process amplified the sales pressure.
Nevertheless, initiatives provide access to new companies on global users in more than 200 countries in more than 200 countries, and immediate market responses can overwhelmingly withstand but can lead to long -term adoption.
PI coin price prediction
In the press time, PI has fallen by 10.6% to $ 0.803 over the last 24 hours, according to Coingecko data.
The important thing is that the price violated the level of $ 1 psychological support.
Technology analysis also shows the bear flag pattern on the 2 -hour chart.
As a result, this pattern is potentially reduced to $ 0.75 or $ 0.57.
In addition, the 21-period EMA crossed under the 50 days and 200 periods of EMA to strengthen the weak signal.
However, the relative intensity index (RSI) represents the overpretation condition and suggests intense sales pressure.
However, optimistic market reversal matches the PI to $ 1.25, consistent with the 0.618 Fibonacci level.
Despite the recent losses, the PI was 73.1%compared to $ 2.99 in history than in February 2025, but maintained 11.8%7 days ago.
In addition, the volume of transactions surged 11%, accounting for 14% of the market cap of $ 57.5 billion.
This enhanced activity emphasizes the market’s response to the venture announcement, and the failure of PI COIN to recover $ 1 in the future can strengthen the weak momentum.
On the contrary, a wider encryption market rally can strengthen the recovery of PI, and traders must monitor the 50 and 200 -day EMA to the main resistance level.
Ultimately, the short -term view of PI depends on market emotion and ecosystem development.