随着市场逆转早期增长，PI网络（PI）硬币价格下跌低于1美元

在短暂的搬家水平之后，PI Network Coin的价格返回到1美元的价格标记。

Pi Network coin price is back below the $1 price mark, after a brief sojourn above the level.

在短暂的搬家水平之后，PI Network Coin的价格返回到1美元的价格标记。

PI coin price is currently trading at around $0.87, days after the token rallied to a multi-week high near $1.7 on May 12. The reversal came as Bitcoin (BTC) price neared the $104,000 mark on May 16, but failed to hold the price mark.

Pi Coin价格目前的交易价格约为0.87美元，几天后，该令牌在5月12日升至一周高的1.7美元接近1.7美元。逆转是在5月16日比特币（BTC）的价格接近104,000美元的，但未能持有价格。

The inability of the flagship cryptocurrency to break out of the $100,000-$104,000 range saw some selling pressure emerge, dragging down most altcoins in the process.

旗舰加密货币无法闯入100,000美元至104,000美元的范围，出现了一些销售压力，在此过程中拖延了大多数山寨币。

Ethereum price also showed signs of life as bulls pushed it above the $2,600 threshold, though its ability to hold those levels remains uncertain.

以太坊价格也显示出生命的迹象，因为公牛将其推高了2,600美元的门槛，尽管其保持这些水平的能力仍然不确定。

Meanwhile, PI coin price’s recent crash came on the back of a much-hyped announcement that did not deliver on any of the speculations surrounding it.

同时，Pi Coin Price最近发生的崩溃是在一场备受推崇的公告后面，该消息并未对其围绕它的任何猜测产生。

While speculation continues to swirl around the network’s future plans, PI coin has failed to benefit from the broader market’s modest recovery. Memecoins and high-beta assets led much of the short-term bounce, while tokens like PI remain largely sidelined.

尽管人们的投机活动继续围绕该网络的未来计划旋转，但PI硬币并未从更广泛的市场的适度恢复中受益。 Memecoins和High-beta资产带来了短期反弹的大部分，而PI等代币仍在很大程度上保持不变。

On the macro front, easing U.S. inflation figures have reignited risk appetite across asset classes, with the 10-year Treasury yield slipping below 4.3% and equity markets posting weekly gains.

在宏观方面，宽松的美国通货膨胀数字已重新点燃了整个资产类别的风险食欲，而10年的财政收益下跌低于4.3％，股票市场每周都会收益。

However, Federal Reserve officials, including Chair Jerome Powell, have reaffirmed their cautious stance, signaling that rate cuts remain off the table for now.

但是，包括主席杰罗姆·鲍威尔（Jerome Powell）在内的美联储官员重申了他们谨慎的立场，这表明目前削减税率。

Moreover, global growth projections have weakened, with rising geopolitical risks and persistent trade imbalances tempering optimism.

此外，随着地缘政治风险的上升和持续的贸易失衡，全球增长预测减弱了。

Against this backdrop, traders would likely scrutinize Pi Network’s recent moves closely as market participants look for real signs of traction, not just speculation.

在这种背景下，随着市场参与者寻找真正的牵引力迹象，不仅仅是猜测，交易者可能会严密地审查PI网络的最新动作。

Resistance Mounts After Sharp Post-Event Rejection

急剧拒绝后阻力安装

Pi Network’s PI coin price lost a key momentum node after a sharp rejection on May 14, the day of its highly anticipated announcement. The move left traders disappointed, triggering a nearly 37% intraday wick that stalled the recent bullish breakout.

PI Network的Pi Coin Price在5月14日急剧公告的那天急剧拒绝后，失去了关键的动量节点。左派交易者感到失望，引发了近37％的盘中wick，这使最近看涨的突破陷入了困境。

PI coin price failed to hold above the 0.618 Fibonacci retracement level, which sits near $0.98. That level now acts as the immediate resistance. Flipping the immediate resistance would target the next barrier at around $1.14, which coincides with the 0.786 Fib level.

PI硬币价格未能超过0.618的斐波那契回撤水平，该水平的价格接近$ 0.98。现在，该水平是直接抵抗。将立即电阻翻转为1.14美元左右的下一个障碍，这与0.786的FIB水平相吻合。

Support is visible at the 0.382 Fib level, which lies at around $0.76. Losing this level could accelerate downside pressure. A stronger floor for the token lies at $0.62, aligning with the 0.236 retracement and April consolidation zone.

支持在0.382 FIB水平上可见，约为0.76美元。失去此水平可能会加速下行压力。代币的更强地板为$ 0.62，与0.236回撤和4月合并区保持一致。

The daily RSI is reading at around 54, indicating neutral momentum. However, volume has dropped sharply since the May 14 candle, suggesting that interest is waning. Bulls weren’t able to defend post-event price levels, and sellers quickly took back control.

每日RSI的阅读量大约为54，表明中性动量。但是，自5月14日蜡烛以来，数量急剧下降，表明兴趣正在减弱。公牛无法捍卫赛后的价格水平，卖方很快就夺回了控制权。

Unless PI manages to reclaim the $0.98-$1.13 resistance band, the structure favors a deeper retracement. The market seems to be pricing in doubt rather than optimism, and the failed breakout creates a local top for now. Short-term recovery seems unlikely without a strong volume spike or an external catalyst.

除非PI设法收回$ 0.98- $ 1.13的电阻带，否则该结构有利于更深的回试。市场似乎是有疑问而不是乐观的定价，而失败的突破暂时创造了本地顶级。如果没有强量尖峰或外部催化剂，短期恢复似乎不可能。

Inside the Pi Ventures Announcement and the Community’s Harsh Reaction

在Pi Ventures公告和社区的严厉反应中

On May 14, 2025, Pi Network unveiled a $100 million ecosystem initiative named Pi Ventures. The fund will support startups building real-world applications using Pi Coin. It aims for sectors like AI, fintech, gaming, and blockchain to accelerate utility. This initiative draws resources from both USD and Pi tokens, taking a 10% allocation from the Pi Foundation’s reserves. The Foundation governs Pi’s long-term growth and manages its 100 billion token supply.

2025年5月14日，PI Network推出了一项耗资1亿美元的生态系统倡议，名为Pi Ventures。该基金将支持使用PI硬币构建现实世界应用的初创企业。它旨在使AI，Fintech，游戏和区块链等领域加速实用程序。该计划从美元和PI代币中获取资源，从PI基金会的储备中获得10％的分配。该基金会管理PI的长期增长，并管理其1000亿个令牌供应。

Pi Ventures complements Pi’s recent Open Network rollout, allowing external developers to integrate Pi into apps and services. The team plans the first funding round in Q3 2025. It will prioritize startups focused on transactional use cases and frictionless user experiences.

Pi Ventures补充了PI最近的开放网络推出，使外部开发人员可以将PI集成到应用程序和服务中。该团队计划在第三季度2025年第一次融资。它将优先考虑专注于交易用例和无摩擦用户体验的初创公司。

The Core Team framed this initiative as part of a shift from mining to sustainable utility. They highlight ecosystem health over speculative gains, reflecting Pi’s “ownerless” structure.

核心团队将这项倡议构成了从采矿到可持续公用事业的转变的一部分。他们强调了生态系统的健康，反映了Pi的“无主”结构。

But the community’s reaction was largely negative, viewing the announcement as a letdown after years of waiting. One Pi Coin fan described the update as disappointing, especially considering the lack of exchange listing rumors. A Pioneer expressed frustration, stating that the Core Team should prioritize user loyalty and sentiment.

但是社区的反应在很大程度上是负面的，在等待了多年后，该公告是令人失望的。一位PI硬币迷描述了这一更新令人失望，尤其是考虑到缺乏交流清单的谣言。先驱者表示沮丧，指出核心团队应优先考虑用户的忠诚度和情感。

One trader called it a betrayal of the 70 million-strong community, highlighting the resulting disappointment and a ‘sell the news' rally that crashed Pi Network token price today. Some users blamed the countdown hype for fueling the price downfall

一位交易者称这是对7000万个社区的背叛，强调了导致的失望，并且“出售新闻”集会今天崩溃了PI Network代币的价格。一些用户指责倒计时炒作助长了价格下降