PI has fallen 17% in the last 24 hours, falling below $1 despite the PI Foundation’s announcement of a $100 million startup fund. The newly launched PI Network Ventures aims to enhance real-world adoption by investing in companies that integrate PI into the AI ​​and FinTech sectors.
The initiative has sparked ecosystem excitement, but technical indicators are flashing warning signs. The momentum is weakened with several signals, suggesting that profits could potentially lead to wider revisions already ongoing.
PI Network launches a $100 million fund as momentum shows signs of slowing down
After launching the hype, the PI Foundation launched PI Network Ventures, a $100 million startup fund to accelerate the actual adoption of PI tokens.
Funded through 10% of the PI supply, the initiative will invest early in Series B companies that integrate PI into sectors such as AI, FinTech, e-commerce, and consumer apps.
Most investments will be made in PI tokens rather than Fiat, tailoring to the project’s long-term ecosystem goals. After a few months of decline, PI has recently rebounded, earning 85% over the past two weeks.
Despite the surge in prices, PI’s technical indicators suggest that the rally may be losing its strength. The DMI chart shows ADX has dropped from 72 to 35.46 over two days, indicating a sharp weakening of trend strength.
ADX values ​​above 25 show a strong trend, but below 20 often point to trend fatigue. Meanwhile, +DI (bulus pressure) plummeted from 61 to 23.99, and -DI (bear pressure) rose from 1.2 to 25.
This crossover suggests that bearish momentum is overtaking the strength, and PIs may enter the integration or correction phase unless pressure is coming back.
Potential profits on Chaikin Money Flow Drop Flags Pi
The PI network Chaikin Money Flow (CMF) fell sharply, falling from 0.24 to -0.05 in just two days. This shift suggests that purchasing pressure may be fading rapidly and distribution may begin to take over.
CMF is a volume-weighted indicator that measures the flow of money inside and outside of assets. Positive value signal accumulation (purchase pressure), and negative values ​​suggest distribution (selling pressure).
The reading of -0.05 is not diminished deeply. Still, the drop from strong positive territory could indicate weakening investors’ credibility, particularly following the hype before the $100 million PI Network Venture Fund’s announcement.
As the CMF continues to fall, it could suggest a short-term price correction as traders make profits after recent gatherings.
When the EMA signal is bearish, the PI is below $1
Pi Price has dropped 17% in the last 24 hours, falling below $1, eliminating much of its recent profit.
Current price action is consistent with the weakening of the technology as the EMA line is tightened and suggests the possibility of death mating.
If the fix continues, the PI can test support for $0.90, with breaks below that level likely opening passes up to $0.78 or $0.636.
Still, the reversal hasn’t been out of the table. Once Bulls regain control, the PI could come back to test the resistance for $1.23. The clean move above could go further towards $1.67 and $1.798.
Disclaimer
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