PI decreases to less than one dollar despite the launch of the PI network of $ 100 million

The PI has decreased by 17 % in the past 24 hours, less than the $ 1 sign despite the PI announcement of a $ 100 million starting fund. The newly launched PI Network Ventures aims to enhance the real world’s adoption by investing in companies that integrate PI in the AI ​​and Fintech sectors.

While the initiative sparked the ecological system, technical indicators flashing warning signs. The momentum weakens through several references, indicating that achieving the broader profit and corrections may be already underway.

The PI network launches a box worth $ 100 million, as momentum shows signs of slowdown

After building some noise, the Pi Network Ventures, a $ 100 million starting start box to accelerate the real world’s adoption of the PI symbol.

Funded by 10 % of PI supplies, the initiative will invest in the early series B. Integger in sectors such as AI, Fintech, Euckmerce and Consumer.

Most investments will be made in PI codes instead of FIAT, and are compatible with the goals of the project in the long term of the project. After months of decline, the PI has recently turned away, and it has gained 85 % in the past two weeks amid the renewal of the investor’s attention and the inclusion of rumors.

Despite the increase in prices, the technical indicators of PI indicate that the assembly may lose strength. The DMI chart shows that ADX has decreased from 72 to 35.46 in two days, indicating severe weakness in the direction strength.

ADX values ​​above 25 indicate a strong direction, while the declines less than 20 indicate the exhaustion of the direction. Meanwhile, +DI (bullish pressure) decreased from 61 to 23.99, and -Di rose from 1.2 to 25.

This intersection indicates that the declining momentum outperforms the upward strength, and unless the purchase of pressure revenue, it can enter PI in a standard of unification or correction.

Chaikin Money Flow Drop Flags to make possible profits in PI

Pi Network Chaikin Money Flow (CMF) decreased significantly, as it decreased from 0.24 to -0.05 in just two days. This shift indicates that the purchase pressure has faded quickly, and the distribution may begin to reconcile.

CMF is a weighted indicator of size that measures the flow of money inside and outside the original. Positive values ​​accumulate a sign (purchase pressure), while negative values ​​indicate distribution (sale pressure).

Read -0.05 is not deep. However, the decline from a strong positive area can indicate poor investor confidence, especially after noise before announcing the PI Network Ventures of $ 100 million.

If CMF continues to decrease, this may hint to correct short -term prices as traders get profits after the last gathering.

PI is less than $ 1, where EMA signals turn down

PI PRICE has decreased by 17 % in the past 24 hours, as it has decreased to less than $ 1 sign and erased many of its recent gains.

The current price procedure is in line with the weakening of technicians, as EMA lines are tightening and hinting to the potential death cross – trash is often associated with more negative aspect.

If the correction continues, PI can test support at $ 0.90, and the break may open without this path to $ 0.78 or even $ 0.636.

However, the reflection is not outside the table. If bulls regain control, PI can bounce to test resistance at $ 1.23. A clean step above can pave the way for more bullish trend about $ 1.67 and $ 1.798.