Pi Network (PI) Price Prediction: Overheated Rally Led to Predictable Exhaustion

Pi Network (PI) has experienced a sharp correction after what should have been bullish news, the announcement of a $100 million venture fund

Pi Network (PI) is known for its mobile-first blockchain, and now a new venture fund is aiming to accelerate development on the platform. The crypto behemoth is planning to invest $100 million in startups across various sectors, including fintech, AI, social applications, and marketplaces.

The initiative, named Pi Network Ventures, will hold both Pi and USD, aiming to inject vitality into the Pi ecosystem by nurturing promising startups and fostering a vibrant community. The fund’s focus on sectors like fintech, AI, and social applications aligns with Pi’s vision to create a positive-sum ecosystem where technology empowers individuals and society.

According to the draft, Pi Network Ventures will operate with the due diligence and early-stage innovation focus of a traditional Silicon Valley venture capital firm.

The Relative Strength Index (RSI) has dropped from extremely overbought levels (90+) to 42.15, just above oversold territory, indicating a cooling phase but no strong bullish reversal yet.

On the other hand, the Bollinger Bands (BB) on the 4H chart are expanding downward, reflecting rising volatility and bearish momentum.

Price is now sitting below the BB median (20-SMA) of $1.0145, suggesting that bearish pressure dominates. The lower band sits at $0.7033, which could act as the next major support. A breakdown below $0.70 would open the door to $0.60-$0.58, where buyers may step in.

However, a break above $1.32 (upper BB) could then lead to a retest of $1.50, and potentially $2.50 by Q4, assuming Pi Network Ventures begins delivering real utility and a CEX listing materializes.

The post Pi Network Ventures: $100M fund to invest in startups and businesses appeared first on Coin Edition.

.