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.
