Pi Network’s PI coin plunged roughly 10% over the past 24 hours, even after the project announced a $100 million investment vehicle for startups with the launch of Pi Network Ventures.
Initially, the announcement sparked optimism among investors, but market sentiment quickly turned bearish.
As a result, PI is now trading at $0.803, down from a recent high of $1.65.
The sharp decline looks like a classic “sell the news” reaction, and technical indicators point to further downside risks.
Launch of Pi Network Ventures
On May 14, Pi Network unveiled Pi Network Ventures, a $100 million fund designed to support startup innovation.
The fund, held in PI and USD, is focused on businesses that increase PI’s practical use in the real world.
It aims to back startups in areas such as AI, fintech and e-commerce, helping them integrate Pi into their operations.
The initiative is funded in part by 10% of the Pi Foundation’s token reserves.
Its stated objective is to transform PI into a widely used cryptocurrency.
However, a lack of detail about project selection disappointed some investors, and market sentiment deteriorated after the announcement.
The fund’s scope also extends beyond blockchain projects into broader technology sectors, reflecting a venture-capital-style approach similar to Silicon Valley strategies.
Ultimately this broader focus seeks to strengthen the Pi ecosystem for its roughly 19 million KYC-verified users.
Despite those ambitions, the announcement failed to sustain bullish momentum.
Instead, PI’s price fell about 26.2% in the 24 hours following the news.
Community complaints about slow migration processes since the mainnet launch added to selling pressure.
Nevertheless, the initiative offers startups access to Pi’s global user base across 200+ countries and could support long-term adoption, even if the immediate market reaction remains largely bearish.
PI Coin Price Forecast
At the time of publication, PI traded at $0.803, a 10.6% decline in the last 24 hours according to Coingecko data.
Crucially, the price has broken the psychological $1 support level.
Technical analysis also shows a bearish flag forming on the 2-hour chart.
That formation signals a potential further drop to $0.75 or even $0.57.
Additionally, the 21-period EMA has crossed below the 50- and 200-period EMAs, reinforcing bearish momentum.
The Relative Strength Index (RSI) indicates oversold conditions, reflecting heavy selling pressure.
A bullish reversal, however, could push PI toward $1.25, which corresponds with the 0.618 Fibonacci retracement level.
Despite recent losses, PI remains 11.8% above the level from seven days ago, though it sits 73.1% below its all-time high of $2.99 reached in February 2025.
Trading volume has increased by 11%, representing about 14% of a market capitalization of $5.75 billion.
This elevated activity underlines the market’s response to the Ventures announcement. Looking ahead, failure to reclaim $1 could strengthen bearish momentum for PI.
Conversely, a broader crypto market rally could help revive PI, and traders should watch the 50- and 200-day EMAs as key resistance levels.
In the short term, PI’s outlook depends heavily on overall market sentiment and how the Pi ecosystem develops.